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Listed by Eric Richards • Landproz of Indiana, LLC
$ 1,499,999
Est. payment /mo
New
3188 W Frontage RD Greensburg, IN 47240
61.94 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Lots
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22108684
HOA Y/N No
Tax Year 2025
Lot Size 61.940 Acres
Acres 61.94
Property Sub-Type Residential Lots
Property Description
Premier Development Opportunity - 62 Acres with Approved Building Sites and Private Lake This exceptional 62-acre property offers a rare investment and development opportunity just minutes from Interstate 74. With rezoning completed and infrastructure planning already in place, the property is positioned for immediate development. The property includes 10 approved building sites, each exceeding two acres and served by a private road, creating an ideal setting for an upscale rural residential development. The large lot sizes meet today's demand for estate-style homesites that provide privacy, recreation, and convenient access to nearby employment centers. A key feature is the professionally engineered 15-acre lake, designed to maintain consistent water levels and enhance both lot values and marketability. An additional 15.38 acres surrounding the lake is designated as common area, providing shared ownership and recreational access for all 12 lot owners. Established trails, abundant wildlife, and a scenic half-acre pond further enhance the property's appeal. The location provides excellent access to Interstate 74 and is conveniently situated near Greensburg, Indianapolis, Cincinnati, and major regional employers. Demand in the area remains strong among professionals seeking larger homesites and a rural lifestyle without sacrificing convenience. Also included is a well-maintained 2-bedroom, 1-bath home with an attached three-car garage, workshop, storage building, and shipping containers. These improvements offer potential for rental income, project headquarters, or caretaker housing during development. This property presents a unique opportunity to develop premium estate lots, create a private residential community, or hold as a long-term investment.
Location
State IN
County Decatur
Zoning A-2
Interior
Fireplace N
Exterior
View Y/N true
Building
Sewer Septic Needed
New Construction false
Schools
School District Decatur County Community Schools
Others
Acceptable Financing See Remarks
Listing Terms See Remarks
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