41+/- Acres Productive Farmground: Henry County, Indiana

Property Facts

Listing Number
NG233341
Property Type
Farm Real Estate
Subtype
Recreational Property
Location
New Castle, Indiana, Henry
Acres
41
Units
0
Price
585500
Market
Southeast
Broker
Nick George
Status
Closed – Won

Deal Description

Nick 60 / Rob 40

Property Description Comments

Productive Farmground & Excellent Farmland Investment

Property Details

Uncover a compelling investment opportunity on this 41+/- acre multi-parcel canvas in Henry County, Indiana—a fertile expanse with an impressive WAPI score of 167.7, ensuring a robust agricultural output.

Situated just a brief 15-minute drive from New Castle, this property offers a strategic location that balances rural tranquility with urban connectivity, being only 10 minutes away from I-70 highway and a mere 45-minute drive from Indianapolis, Indiana.

This multi-generational farm secures an annual income of $7,400 with a substantial cash rent of $185 per acre paid in halves, however with the change in ownership allows the “farming rights” of the property eligible for a new tenant lease agreement. With road frontage on two roads (350 S & 600 W) and utilities readily available, this property not only signifies a rich tradition but also presents a forward-thinking approach, making it an enticing prospect for investors seeking both heritage and income potential. Seize this opportunity for a harmonious blend of investment and agricultural promise in the fertile grounds of Henry County.

Land Features

  • 41+/- acres in Henry County, Indiana
  • 39 +/- Tillable Crop Acres
  • Surety WAPI 167.7!
  • Great investment opportunity

Values and Attributes

  • Recent Broker Price Opinion (BPO) for market value insights
  • Convenient location with a 15-minute drive from New Castle

Legal Description and Taxes

Henry County

Greensboro Township

Parcel Number 33-11-34-000-104.000-009, 33-11-34-000-105.000-009

Legal Description PT SW1/4 NW1/4 34-17-9 36.085A, PT SW1/4 NW1/4 34-17-9 5A

Taxes $1,380 2022

Directions

Navigate south on S Main St toward Indiana Ave for 26 feet, make a right at the first cross street onto Indiana Ave (0.6 mi), then turn left onto S Memorial Dr (0.4 mi). Follow W County Rd 100 S to S Greensboro Pike (1.9 mi), continue on S Greensboro Pike to Greensboro Township (6.1 mi), and conclude by turning right onto S County Rd 600 W.

Broker Contact

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