For Sale
$5,700,000

540 267 Mooresville, IN 46158

162 Acres, Lake, Mixed-Use Potential

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 162-162.7 acre property in Mooresville, Indiana, presents a unique investment opportunity. Located on State Road 267, just off I-70 west of Indianapolis, this land boasts excellent visibility and accessibility. The site includes a 49+ acre lake and a small existing building. Currently generating approximately $2700 per month in rental income from three leased residential homes, this property offers immediate return on investment. Zoned for General Business and Residential use, the possibilities for development are extensive, allowing for a mixed-use project tailored to diverse needs. Utilities are readily available, including water, sewer, and gas. The asking price is $5,700,000, translating to approximately $35,000 per acre. Situated in Morgan County, Indiana, with the zip code 46158, this property's location provides convenient access to Indianapolis and surrounding areas. Its size, amenities, and zoning make it ideal for a variety of commercial and residential developments. The existing rental homes provide a stable income stream while development plans are underway. This is a rare opportunity to acquire a large, versatile tract of land with significant potential for growth and profitability.

Highlights

  • 162-acre Mooresville, IN property on State Road 267, offering excellent visibility and I-70 access.
  • Features a 49+ acre lake and a small existing building.
  • Generates ~$2,700/month in rental income from three residential homes.
  • Zoned for General Business and Residential use, allowing for mixed-use development.
  • Utilities (water, sewer, gas) readily available.

Property Details for 540 267

Property type
Land, Industrial properties
Lot Size (sq. ft)
7,056,720 SF

Location Insight

City
Mooresville
County
Morgan
State
Indiana
Latitude
39.622289
Longitude
-86.3882181

FAQs

What type of property is this?
Land - 162 Acres, Lake, Mixed-Use Potential
Where is the land located?
The property is located at 540 267 Mooresville, IN.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: 162-acre Mooresville, IN property on State Road 267, offering excellent visibility and I-70 access.; Features a 49+ acre lake and a small existing building.; Generates ~$2,700/month in rental income from three residential homes.
How can I contact the broker?
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540 267
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