A very unique and rare investment opportunity in a prime area just begging to be developed. When opportunity knocks, savvy investors answer the door, and this opportunity may not wait! Conveniently located less than 2 miles west of the interchange at I-65 and State Road 14, It's a quick commute whether you want to travel South to Indianapolis or North to Chicago and is centrally located to many major US cities. The location also provides great visibility and access for a wide range of businesses and development potential. Anyone in the surrounding area is familiar with Fair Oaks Farms, and this property is located on the same exit and development footprint as that operation. With the flourishing Dairy and Farm attraction, upscale dining, hotel, and gas station/convenience/grocery store, there is already a substantial daily visitor count as an interstate rest stop, family, tourist and school trip destination. With that, many commercial, light industrial, warehouse, distribution, retail, or residential development plans could easily capitalize on the established success and draw this location already has. The size, location, and configuration of the property, in addition to the significant highway frontage, lend itself to the possibility of multi-use development potential as well. If immediate development is not something you plan on, the property is already producing a respectable financial return in farming income from the 135 or so tillable acres. Averaging around a 58 NCCPI and corn yields in the 135–145-bushel range, it provides a relatively safe and conservative return on investment. Another possible avenue for cash flow is in the 150 +/- acres of forested timberland. Any good landowner should consider a Timber Management plan and a Timber harvest as part of that plan. A quick cruise of the property revealed quite a number of mature trees of different types, including several species of hardwoods, including Oaks, Cherries, Maples, Walnuts, and others. A selective timber harvest should not only provide a financial benefit, but it would improve the current habitat and make progress toward future development. Talking about habitat, one of this property's most remarkable aspects and benefits is how naturally beautiful and unspoiled it is. Any outdoors, hunting or conservation enthusiasts will immediately see and appreciate the property's natural features. Traveling the internal dirt road system used for farming access, you will witness some rolling terrain, wooded ridges and valleys and a creek-like drainage that attracts loads of Deer, Turkey, Ducks, Geese, and other wildlife. This is not your typical Indiana farm with straight lines and mowed fence lines. The agricultural fields and woods are laced together, creating many cuts, fingers, draws, edges and secluded pockets typically loaded with deer and turkey. Even if development is not in your plans as the new owner, the property's layout, terrain and topography could still allow for future development while preserving much of the property's natural beauty and features. Areas of the property might also be prime for recreation and conservation use, solar/wind energy use, carbon credits or other environmentally conscious but financially beneficial and responsible land uses. A small portion of the property has residential improvements and a mobile home used as a rental property and owned by one of the individual sellers. The sale of these improvements is open for discussion with an intent to purchase the property. Contact Land Specialist Rob Styka for more detailed information about the property and schedule your private showing.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
