For sale

Large Tillable Investment Property On US Highway With Commercial, Industrial, And Residential Potential

Acreage

263.42 ±

County

Jennings

Price

$2,300,000

Description

This versatile property offers an extensive range of possibilities, including agricultural, commercial, residential, and recreational uses. The large, contiguous parcel boasts road frontage on three sides: approximately 3,100 feet +- of frontage along US Highway 50 and nearly 4,000 feet of county roads. The property features approximately 190 acres +- of tillable land with zero floodplain. Utilities, including water, electricity, and fiber optic internet, are available on all three sides. The land is divided by several fence rows and wooded areas, home to native wildlife like deer, turkey, squirrels, owls, and other species. The property has approximately 4,500 ft. +- of Pleasant Run Creek that runs from the north boundary and exits out the west boundary. The soils are mostly a mix of Cobbsfork silt loam, Avonburg silt loam, Holton silt loam, and Nabb silt loam. Located in Butlerville, a small town between North Vernon and Versailles, the property is within an hour's drive of cities like Columbus, Seymour, Greensburg, Madison, Scottsburg, and Vevay. It is surrounded by numerous parks and wildlife areas, including the 50,000-acre Big Oaks National Wildlife Refuge. Directly north and less than 1 mile away is Brush Creek Reservoir, where visitors can fish or hike. To the east lies Versailles State Park, while to the west is Crosley FWA, Selmier State Forest, and Muscatatuck National Wildlife Refuge. The property will be available for sale in its entirety or divided into five tracts. A new ALTA survey was completed in 2024, and there are no leases for the 2025 crops. The seller is flexible on proposed boundary splits and welcomes creative offers.