Sold
Prime Tillable Farm With Development Potential
Acreage
86 ±
County
Gibson
SOLD
Address 178+/- Ac off E Monroe Sreet Princeton, IN 47670
View on Google MapsDescription
Located just behind Superior Ag off SR 64 on Princeton’s southeast side, this sprawling 86-acre farm offers an incredible investment opportunity. Available with open tenancy for 2025, the property features 176.58+/- highly productive tillable acres, primarily composed of Ragsdale Silt Loam soils, renowned for their fertility. Currently, under careful management, the farm provides above-average returns, making it an excellent long-term investment. The tenant farmer is willing to continue maintaining the property, ensuring consistent care and productivity. In addition to its agricultural value, this land presents significant potential for residential, commercial, or industrial development. It offers multiple access points, including the ends of E. Monroe St. and possibly E. Mulberry St. & E. Christian St. The property also features frontage along E. Evans St., intersecting with S. Washington, S. Adams, S. Jefferson, and S. Madison Streets. SR 64 is less than 900 feet from the northern boundary. Further enhancing its appeal, the property is situated outside the 500-year floodplain, in close proximity to South Side Park and Saint Joseph Primary School, and surrounded by existing utilities—including electric, water, sewer, and internet services. This site is shovel-ready for immediate development. With its prime location, substantial size, and versatile potential uses, this property is an outstanding opportunity for developers or investors seeking to capitalize on its build-ability. Regardless of your intended use, there is no doubt a rising demand for premium agricultural and development lands in this area!
Details
- 176.58+/- productive tillable acres of Ragsdale Silt Loam soils
- Open tenancy for 2025, offering strong agricultural returns
- Significant potential for residential development
- Located outside the 500-year floodplain and near essential utilities (electric, water, sewer, and internet)
Summary
Nearby Features
Airport, Golf Course, Public Access Area
Land Type
Ranch and Farm, Commercial and Development
Property Type
Farms, Residential Land, Undeveloped Land
Land and Farm Property Types
Agriculture - Agribusiness, Land - Alternative Energy, Land - Residential
Road Frontage
County Road
Road Surface
Pavement
Land Details
Tillable
Improvements/Features
Water Control Structures, Grain Storage, Seller's Mineral Rights Convey
Roads
Road Frontage
Tillable/Production Areas
Tillable, Corn, Soybeans, Pattern Tile
Other Property Details
Utilities
- electric: onsite
- gas: nearby
- water: nearby
- sewer: nearby
- internet: nearby
Coordinates
38.3508, -87.5525
Annual Taxes
$7,000
Sold Property
For more information or to see additional properties currently for sale see Zach Holt's listings.