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$3,990,000

Est. payment - /mo

178 Acres Lot

Pending

off E Monroe Street Princeton, IN 47670

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Timothy Vicsik

tim@timvicsik.com +1(574) 329-9587

UPDATED:

12/28/2024 07:46 PM

Key Details

Property Type Vacant Land

Sub Type Agricultural Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 202439883

Annual Tax Amount $7,000

Tax Year 2024

Lot Size 178.000 Acres

Property Description

Located just behind Superior Ag off SR 64 on Princeton's southeast side, this sprawling 178-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 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 it's build-ability. Regardless of your intended use, there is no doubt a rising demand for premium agricultural and development land in the area!

Location

State IN

County Gibson County

Area Gibson County

Direction https://maps.app.goo.gl/etUxqxzUyaJT4bP77

Building

New Construction No

Schools

Elementary Schools Princeton

Middle Schools Princeton

High Schools Princeton

School District North Gibson School Corp.

IDX information provided by the Indiana Regional MLS

Listed by Zach Holt • Whitetail Properties Real Estate • Cell: 812-887-2954

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Timothy Vicsik

Broker Associate | RB14051798

+1(574) 329-9587

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off E Monroe Street Princeton, IN 47670

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