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0 State Road 3 Road, Milroy, IN 46156

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For Sale

$2,000,000

182 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Farm/Ranch
    Property type

  • 182 acres
    Lot size

  • 21-30 Years Old
    Age

Explore this Property

PRICE REDUCED!!! This property offers very productive tillable acreage with income, tremendous whitetail hunting (a recent harvest was a buck over 200" gross score), over 3,000 feet of river frontage, and great timber investment! The approximate breakdown of acreage is +/- 130 FSA tillable acres and +/- 51 wooded/extra acres. The farm sets up with +/- 2/3 of the tillable portion on the top and +/- 1/3 tillable in the bottom and wooded fingers with ridges and ravines mixed in between. The average NCCPI score is 74.59 and WAPI for corn is 137.92 and WAPI for soybeans is 48.27. The owner receives close to $30,000 per year in income from the tillable portion with tenancy open for the 2026 growing season. The wooded portion of the property offers a future investment opportunity. Out of the +/- 51 of wooded/extra acreage, approximately +/- 31 acres consists of dense black walnuts ranging in age and size. There are other mature hardwoods mixed in but the black walnut are the shining star. The understory is very diverse and provides cover for wildlife but is not full of invasive species like a lot of woodlots in Eastern Indiana. With some good timber management, this section could pay high dividends later on down the road. The ridges and ravines create perfect travel corridors for whitetail and great hunting opportunities. The current owners have harvested some great bucks over the years including one over 200"! Genetics play a crucial role in opportunities for trophy class deer and this property has them! There are 2 gas wells on the property. The southeastern border of the property is +/- 3,000' of Little Flat Rock River. There are potential new opportunities coming soon from the Rush County NRCS that could pay you as an owner to create wildlife habitat and earn income on the bottom land acreage that is close to or even above the current rent values. Contact the the land specialist to hear these details or to inquiry further about this opportunity.
MLS# 202504201

Courtesy Of William Minor

(217) 285-9000

Property Features

  • Age
    21-30 Years Old
  • Amenities
    Water Front
  • Architecture Style
    Other
  • Lot Size
    182 Acres

Map and Directions

Directions to 0 State Road 3 Road, Milroy, IN 46156

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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