82 +/- Acres Farmland Investment Opportunity in Henry County

Property Facts

Listing Number
NG253382
Property Type
Farm Real Estate
Subtype
Transitional Property
Location
Spiceland, Indiana, Henry
Acres
82
Units
0
Price
1650000
Market
Southeast
Broker
Nick George
Status
Active

Property Description Comments

Potential Agricultural Investment Opportunity with Strong Cash Rent

Property Details

Location, Location, Location! This remarkable 82+/- acre income-producing tract is a rare find and a must-see for anyone looking to make a smart investment in agricultural land. Nestled in a prime path of progress just off I-70 at State Road 3 (Exit 123), this property is perfectly positioned between the bustling cities of Indianapolis, IN, and Dayton, OH.
This expansive, primarily tillable land offers a world of possibilities. It is an exceptional opportunity for farmers eager to expand their operations or investors looking to capitalize on competitive cash rent rates while holding out for future commercialization potential. Additionally, this property could potentially be an ideal candidate for a 1031 exchange, making it a versatile choice for savvy investors.
With a rich history of above-average production, this farm stands out in the market. The current cash rent of $300 per acre yields an impressive approximate annual income of $22,000, providing a reliable stream of passive income for its owner.
Strategically located directly south of the Flying J and New Castle Motor Sparks Park, this property is not just a piece of land; it is a long-term investment in a thriving community that is poised for growth. Whether you are looking to cultivate your agricultural ambitions or secure a valuable investment for the future, this property offers endless opportunities.
Don’t miss your chance to own this prime piece of real estate—contact us today to learn more and schedule a viewing!

Land Features

  • Approximately 82 acres, primarily tillable and income-producing
  • Versatile land suitable for agricultural expansion, investment, or future development
  • 69.19 +/- Estimated Crop Acres
  • Surety WAPI 157.5

Values and Attributes

  • Prime location just off I-70 at State Road 3 (Exit 123)
  • Situated between Indianapolis and Dayton—strong path-of-progress position
  • Excellent opportunity for farmers or investors
  • Competitive cash rent of $300/acre providing ~$22,000 annual income
  • Above-average production history, making it a dependable agricultural asset
  • Potentially ideal for 1031 exchange buyers seeking a strategic investment
  • Future commercialization potential due to high-growth corrido

Legal Description and Taxes

  • Legal Description: W1/2 Ne 1/4 & E Pt Nw 16 16 10 72.078 A
  • Parcel ID: 33-17-16-000-202.000-026
  • 2024 Taxes Pay 2025 $3,187.88



Directions

From Spiceland, Indiana: Head east on Main Street. After crossing East Street, continue for .6 miles (this will transition to CR 650 S). The farm will be on your left (north) side. Look for signs. Property showings by appointment only ——— From I-70 at State Road 3 (Exit 123) Head southwest 285 ft, turn right toward IN-3 N 341 ft then turn left onto IN-3 N 0.4 mi then 5750 IN-3. Property showings by appointment only.

Broker Contact

Broker | Email: nick.george@gfarmland.com | Mobile: +1 3178401764