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  • $3,999,900

    250 E State Road 42, Brazil, IN 47834

    --beds
    --baths
    120Acres
    Unimproved Land
    Built in ----
    120 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    The name of the game here is POTENTIAL. Here's the thing about land...they just aren't making any more of it. This is 120 acres of prime commercial land in an area booming with commercial growth. Located approx. 1.5 miles from the Interstate 70/State Road 59 intersection with multiple businesses & amenities nearby, the possibilities here are endless. NO ZONING and NO LOCAL PERMITTING REQUIRED. Just 120 acres of land, woods & fields with Birch Creek running through it. 1-acre pond, plus shared access to a 7-acre docked and stocked lake. There are many structures on-site, including a completely renovated & fully-furnished primary residence w/commercial grade Kitchen, LR, 1/2 BA primary BR suite w/ en suite BA & home office. There is a secondary residence on the property w/ 2 BRs and 1 full BA that can be rented out as an AirBNB or to a permanent tenant. This residence has also been completely renovated and comes fully-furnished. The 60x30 pole barn includes a 30x30 lean-to for additional storage. You'll also find 2 guest cabins further back on the property with climate control & electric, a 16x12 stand alone art studio w/ electric that can also be used as an office, a 16x12 mini barn and a 8x4 guard shack. There are multiple RV hook-ups 13 gravel cut-ins and multiple ADA compliant BAs on the property, as well. HUGE GREEN FLAG: 2 new 200 amp. electrical services on-site, 3 electrical transformers on the front 40 acres and 6 NEW 20/30/50 amp electrical hook-ups with all new electrical wiring. The amenities & upgrades cannot possibly be covered adequately in the words allotted here, so please see the attached list of details and amenities.
    70 days
    |
    193
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Amber Greene 317-370-7869,

    Greene Realty, LLC,

    Brette Land

    Source: MIBOR as distributed by MLS GRID,MLS#: 22100576MLS Logo

      Facts & features

      Property

      Features
      • Has view: Yes
      • View description: Pasture, Pond, Trees/Woods, Water
      • Has water view: Yes
      • Water view: Pond,Water
      Lot
      • Size: 120 Acres
      • Features: Rural - Not Subdivision, Mature Trees, Trees-Small (Under 20 Ft), Wooded, See Remarks, On Pond, On Trail, Small Trees, Water View
      • Topography: See Remarks,Other
      Details
      • Additional structures: Barn(s), Shed(s), Tenant House, Utility Buildings(s), See Remarks, Other
      • Additional parcels included: 2 20acre parcels and 2 40acre parcels
      • Parcel number: 110432200006000007
      • Zoning: NONE

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private, Well on Site

      Community & HOA

      Community
      • Subdivision: No Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Brazil

      Financial & listing details

      • Tax assessed value: $217,500
      • Annual tax amount: $1,584
      • Date on market: 5/7/2026
      • Cumulative days on market: 72 days
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $977/mo

        Price history

        DateEventPrice
        5/7/2026Listed for sale$3,999,900
        Source: MIBOR as distributed by MLS GRID #22100576 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,299 -19.9%$217,500 +22.8%
        2024$1,622 -3.4%$177,100 +14.7%
        2023$1,680 +4.5%$154,400 -6.5%
        2022$1,607 +1.2%$165,100 +16.2%
        2021$1,588 +0.1%$142,100 +3.5%
        2020$1,586 -0.4%$137,300 -1.7%
        2019$1,592 +8%$139,700 -1.8%
        2018$1,474 +64.4%$142,200 +2.3%
        2017$896 $139,000 +77.5%
        2016$896 -1.2%$78,300 -1.3%
        2014$907 $79,300
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 47834

        Getting around

        0 / 100
        Car-Dependent
        21 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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