Property Facts

Listing Number
CS248046
Property Type
Farm Real Estate
Subtype
Residential Property
Location
Sharpsville, Indiana, Tipton
Acres
46.61
Units
0
Price
950000
Market
North
Broker
Craig Stevenson
Status
Closed – Won

Deal Description

Seller side: CS/JK 50/50
buyer Side: SE team

Property Description Comments

Versatile Property with Prime Location and Income Potential from Farmland and Homes

Property Details

Discover the perfect blend of agricultural opportunity and country living with this expansive 46.61 +/- acre property, strategically situated on the edge of Kokomo, conveniently located between Indianapolis and South Bend. This remarkable property offers a range of features designed for both practical use and income potential.

Property Highlights:

• Generous Acreage: With 46.61 +/- acres in total, including 30 +/- acres of productive cropland, this property provides ample space for farming, grazing, or expanding your agricultural ventures. The land is well-maintained and offers a 2.9% return on investment, making it a smart choice for those seeking a profitable agricultural enterprise.

• Two Homes: The property features two residences, ideal for multi-generational living, rental opportunities, or hosting guests. The homes are currently income producing rental homes.

• Barns and Outbuildings: The property includes three spacious barns, providing versatile storage and workspace for equipment, livestock, or additional farming operations. These structures are well-suited for a variety of agricultural needs and add significant value to the property. Other notable features include a pond and 5′ perimeter fence once used to contain exotic and specialty livestock.

• Prime Road Frontage: Enjoy 2770 feet of paved road frontage, ensuring easy access and excellent visibility. This feature enhances the property’s usability, making it convenient for transporting goods or accessing nearby amenities.

• Strategic Location: Situated on the edge of Kokomo, conveniently positioned between Indianapolis and South Bend, offering easy access to urban amenities while maintaining a peaceful rural setting.

• Investment Potential: The combination of productive cropland, rental income opportunities from the two homes, and a solid return on investment makes this property a compelling choice for investors and agricultural enthusiasts alike.

Experience the best of both worlds with this versatile property, offering substantial agricultural potential and the convenience of a well-connected location. Whether you’re looking to expand your farming operations, seek rental income, or enjoy a spacious rural retreat, this property is a rare find that promises both immediate and long-term benefits.

Land Features

-Approximately 2770' paved road frontage

-Frontage on US 931 and visibility from US 31

-30 +/- acres of productive farm ground

-0.5 +/- acre pond

Values and Attributes

-2 homes with rental income potential

-3 spacious barns

-5 foot perimeter fence

Legal Description and Taxes

Tipton County – Liberty Township

6769 N St Rd 931 Sharpsville, IN 46068

80-03-31-200-001.000-005

Directions

– 30 Minutes to Indianapolis, IN
– 40 Minutes to Lafayette, IN
– Less than 1 hr 30 min to South Bend and Fort Wayne

Broker Contact

Managing Broker | Email: craig@edgeswein.com | Mobile: (574) 870 – 4383