Wheeler Lakes - Potential Opportunity For Investment And Recreation

FOR SALE

County

Randolph County

Acreage

38 ±

Price

$399,000

FOR SALE

County

Randolph County

Acreage

38 ±

Price

$399,000

Address

9661 W 100 N
Farmland, IN 47340
View on Google Maps

Description

The Central Indiana Land Team presents "Wheeler Lakes"! This property is currently operated as a part-time pay lake business and is known to be one of the best in Eastern Indiana due to its size, fish quality, and water quality. During peak business, 250-300 visitors each weekend come to enjoy the outdoors at Wheeler Lakes. The property is just under +/- 40 acres and has +/- 12 acres of water broken up between 4 different ponds. The largest is 9 acres; the other 3 ponds are around 1 acre each. The ponds are stocked yearly with catfish, carp, bluegill, bass and crappie. In the summer of 2024, one individual caught an 80lb catfish! It is a common occurrence for visitors to catch fish in the 30-40 lb range. This property presents a few different opportunities, including taking over the Wheeler Lakes business as it is today, building an RV park or campground, pasture land, or simply owning this as a recreation property for personal enjoyment! There is a "bait shop" building that has a full restroom and a lot of storage. Multiple wells are located on the property, with one that is 5" and can pump 42,000 gallons per hour into the large pond. This freshwater keeps the fish healthy. The other ponds are filled from the white river watershed runoff. Near the large pond is a metal outbuilding with an additional septic system. The road system is in fantastic condition and offers access to all the ponds. The southern property border is the White River for additional recreation enjoyment! The mobile home is included with this sale and has a recent new roof, septic clean-out, and HVAC upgrades. A recent survey has been done on this property. There is good fencing along the west and south sides of the property.

Property Listing

Type

Ranches, Recreational Land, Riverfront

Road Frontage

County Road

Outbuildings

Metal


Media

Other Property Details

Land Details

  • Pasture
  • Pond
  • Lake

Utilities

  • electric: onsite
  • water: onsite

Coordinates

40.17631, -85.15993

Annual Taxes

$2,488


Legal

The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.

COOPERATING BROKER COMPENSATION: Please contact Listing Agent/Broker for terms of cooperating Buyer Broker compensation. Terms of compensation, if any, shall be ascertained by cooperating brokers before beginning efforts to accept the offer of cooperation. Buyer’s Agents/Brokers must be identified, by Buyers and/or their Brokers/Agents, on the first contact with Listing Broker/Agents to receive compensation. Otherwise, compensation will be at the sole discretion of the Seller, Broker, and Whitetail Properties Real Estate, LLC.

Real Estate Commissions and Cooperating Broker Compensation, if any, are fully negotiable and is not fixed or controlled by law, by Whitetail Properties Real Estate, LLC (or any division/trade name/DBA of), or its Agents/Brokers.


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Listing Agent

Tyler Fritz

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