11796 W Chapel Rd Milton, IN 47357

Prime 130± Acre Farmstead in Wayne County, Indiana Located just off State Road 1 between Connersville and Milton, this 130± acre farm offers an exceptional combination of productive acreage, well-maintained outbuildings, and a classic early-1900s farmhouse. With approximately 108 acres of tillable ground, 18 acres of timber, and roughly 5 acres dedicated to the homestead, barns, and grain storage, the property provides both strong income potential and long-term versatility. The farm currently generates $230 per acre, producing about $24,000 in annual revenue, and will be offered with an open lease for the 2026 season. The farmhouse is clean and solid, offering 2,756 square feet with four bedrooms, two bathrooms, and a partial basement. While it maintains the charm of its early 20th-century construction, it is ready for updating to suit the next owner's preferences. An attached two-car garage provides convenience, while the surrounding set of outbuildings significantly expands the property's utility. The outbuildings include a 24x26 one-and-a-half-car garage, a 50x54 steel-framed insulated barn with concrete floors, a 54x72 barn with a dirt floor and insulated concrete footers, and a 30x50 shop with concrete floors previously used for mechanical and body-work purposes. There is also a 25x28 fertilizer barn with a combination of dirt and concrete flooring. All barns are equipped with single-phase electricity, and the property includes two grain silos to support ongoing farm operations. This farm offers flexibility for buyers, as the sellers are willing to parcel the holdings and sell the homestead and barns separately from the acreage, or sell off larger sections of ground separate from the farm. With its convenient location, strong agricultural production, and valuable improvements, it serves as an excellent opportunity for investors, anyone pursuing a 1031 exchange, first-time farmers, or established operators looking to expand.