540 267Mooresville, IN 46158

Property Details for 540 267

Lot size

162.00 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

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.

Location Insight

City

Mooresville

County

Morgan

State

Indiana

Latitude

39.6223

Longitude

-86.3882

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