Property profile

0 State Rd 35 Hwy Cowan, IN 47302

OFF-MARKET
Land
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

State Rd 35 Hwy Cowan, IN 47302
Cowan metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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