$2,000,000
$200K PRICE DROP

0 S State Road 3 Unit 202504201 Milroy, IN 46156

Estimated payment $11,282/month

Total Views 9,412
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 3,000 Feet of Waterfront
  • Farm
  • Pasture
  • 182 Acre Lot
  • Partially Wooded Lot
  • The river is a source of water for the property

About This Home

PRICE REDUCED!!! This property offers very productive tillable acreage with income, tremendous whitetail hunting (a recent harvest was a buck over 200" gross score), over 3,000 feet of river frontage, and great timber investment! The approximate breakdown of acreage is +/- 130 FSA tillable acres and +/- 51 wooded/extra acres. The farm sets up with +/- 2/3 of the tillable portion on the top and +/- 1/3 tillable in the bottom and wooded fingers with ridges and ravines mixed in between. The average NCCPI score is 74.59 and WAPI for corn is 137.92 and WAPI for soybeans is 48.27. The owner receives close to $30,000 per year in income from the tillable portion with tenancy open for the 2026 growing season. The wooded portion of the property offers a future investment opportunity. Out of the +/- 51 of wooded/extra acreage, approximately +/- 31 acres consists of dense black walnuts ranging in age and size. There are other mature hardwoods mixed in but the black walnut are the shining star. The understory is very diverse and provides cover for wildlife but is not full of invasive species like a lot of woodlots in Eastern Indiana. With some good timber management, this section could pay high dividends later on down the road. The ridges and ravines create perfect travel corridors for whitetail and great hunting opportunities. The current owners have harvested some great bucks over the years including one over 200"! Genetics play a crucial role in opportunities for trophy class deer and this property has them! There are 2 gas wells on the property. The southeastern border of the property is +/- 3,000' of Little Flat Rock River. There are potential new opportunities coming soon from the Rush County NRCS that could pay you as an owner to create wildlife habitat and earn income on the bottom land acreage that is close to or even above the current rent values. Contact the the land specialist to hear these details or to inquiry further about this opportunity.

Listing Agent

Tyler Fritz

Whitetail Properties Real Estate Brokerage Phone: 219-242-2701 Listed on: 02/10/2025

Whitetail Properties Real Estate

Co-Listing Agent

Andrew Malott

Whitetail Properties Real Estate Brokerage Phone: 219-242-2701

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,832

Year Built

  • Built in 2000

Lot Details

  • 182 Acre Lot
  • 3,000 Feet of Waterfront
  • River Front
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Partially Wooded Lot
  • Land Lease

Property Views

  • Water Views

Home Design

  • Farm

Schools

  • Milroy Elementary School
  • Benjamin Rush Middle School
  • Rushville High School

Farming

  • Farm
  • Pasture

Utilities

  • The river is a source of water for the property
  • Well Required

Listing and Financial Details

  • Assessor Parcel Number 70-14-23-400-001.000-001

Property Details

Property Type

Other

Est. Annual Taxes

$2,832

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: FARM/RANCH
  • Property Sub Type: Outbuildings Only
  • Waterfront: Yes
  • Year Built: 2000
  • Age: 25
  • Legal Description: 001-25536-00 ESW 23-12-9 80A, PT SE 23-12-9 39.626 ACRES PT SNE 23-12-9 61.913 ACRES 701423400001000001
  • Parcel Number ID: 70-14-23-400-001.000-001
  • Platted: Yes
  • Year Taxes Payable: 2024
  • Special Features: None

Exterior Features

  • Outbuilding1: None
  • Water Frontage: 3000

Utilities

  • Water Utilities: Well Needed
  • Water Type: River

Schools

  • School District: Rush County Schools
  • Elementary School: Milroy
  • Middle School: Benjamin Rush
  • High School: Rushville
  • Elementary School: Milroy

Lot Info

  • Lot Description: Irregular, Partially Wooded, Rolling, 15+, Pasture, Water View, Wooded
  • Lot Dimensions: 1x1
  • Estimated Lot Sq Ft: 7927920
  • Estimated Lot Size Acres: 182
  • Leased Acres: Yes
  • Numbertillable Acres: 131
  • Numberwooded Acres: 51
  • Type Of Farm: Multi-Purpose

Tax Info

  • Annual Taxes: 2832

Multi Family

  • Water Access: Riverfront
  • Gross Monthly Rent: 2500

MLS Schools

  • High School: Rushville
  • Middle School: Benjamin Rush
  • School District: Rush County Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Price Changed $2,000,000 -9.1% --
02/10/2025 02/10/25 For Sale $2,200,000 -- --
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202504201

Indiana Regional MLS