IN > Spiceland
Spiceland, IN 47362,5750 S State Rd 3
Spiceland, IN 47362,5750 S State Rd 3
Spiceland, IN 47362,5750 S State Rd 3
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William Watson

William Watson

+1(720) 463-0002
$1,650,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 11612139

Annual Tax Amount $3,187

Tax Year 2024

Property Description

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!

Location

State IN

County 18065

Rooms

Kitchen 0

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William Watson

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(720) 463-0002

bill@watsonrg.com

CO, USA

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