0 State Rd 35 Hwy Cowan, IN 47302
This exceptional 56.88-acre farm, located in Delaware County, Indiana, near Muncie, presents a unique investment opportunity. Priced at $699,000, this property boasts approximately 54 acres of tillable land, ideal for agricultural pursuits. The land is zoned for farming and comprises four contiguous parcels, totaling 56.88 acres; it will not be subdivided. Parcel number 18-16-19-227-001.000-020 is included in the sale. For reference, the acreage lies north and south of 1100 S. Note that a neighboring 4-acre parcel with a house and barn, located on US 35, is not part of this sale. Additionally, a 1.35-acre parcel south of Highway 35 will be separated at closing, leaving a total of 56.88 acres in the sale. The current tenant's crops are not included in the sale. The seller will consider a contract for deed for a qualified buyer. The property is served by the Liberty-Perry Community School District. This is a rare opportunity to acquire a substantial, contiguous farmland tract in a desirable Indiana location. The property's address is 0 S State Road 35 Highway, Cowan, IN 47302.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.