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