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5750 S State Rd 3, Spiceland, IN 47362

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For Sale

$1,650,000

82 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 82 acres
    Lot size

Explore this Property

Exceptional Agricultural Investment Opportunity in Henry County! 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 is 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!
MLS# 11612139

Courtesy Of GesWein Farm & Land Realty

(765) 426-6666

Property Features

  • Architecture Style
    Other
  • Lot Size
    82 Acres

Map and Directions

Directions to 5750 S State Rd 3, Spiceland, IN 47362

Home seller CENTURY 21 Scheetz

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Scheetz

(317) 595-0021
Learn More About Us

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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.