3708 State Ferry Rd Solsberry, IN 47459
This exceptional 35.16-acre property in Solsberry, Indiana (47459), presents a unique investment opportunity. The sprawling land boasts a mix of woods and pasture, creating a serene and private setting. The property includes five buildings totaling nearly 11,000 square feet of finished space, complemented by over 7,000 square feet of covered decks and porches. Features include a six-bedroom main home, a log cabin (currently a monthly rental), two bunkhouses, and a community barn with a kitchen. An impressive amphitheater with limestone seating for 250 guests provides ample space for entertainment. A picturesque spring-fed pond offers opportunities for fishing and swimming. The property is zoned for General Farm/Ag use and is ideally suited for a variety of ventures, including a camp, retreat center, homestead, or family compound. Its versatility is further enhanced by its proximity to Bloomington, Indiana, and Indiana University, opening doors to Airbnb and camping opportunities. The property's history includes use as a church retreat, summer camp, and wedding venue, demonstrating its proven potential for diverse income streams. The log cabin and a portion of the land could be sold separately, offering a potential return on investment. This remarkable retreat offers endless possibilities for entrepreneurs and those seeking a peaceful escape. The asking price is $1,375,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.