NOT LISTED FOR SALE

off E Monroe St Princeton, IN 47670

178 Acres
-- Price per Acre
7,753,680 Sq Ft Lot

Last Sold February 14, 2025

Last sale price $2,950,000

55 Days on Market

About This Lot

As of February 2025

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!

Last Agent to Sell the Property

Zach Holt

Whitetail Properties Real Estate Brokerage Phone: 812-887-2954 Listed on: 10/14/2024

Whitetail Properties Real Estate

Co-Listed By

Kris Christianson

Whitetail Properties Real Estate Brokerage Phone: 812-887-2954

Last Buyer's Agent

Zach Holt

Whitetail Properties Real Estate Brokerage Phone: 812-887-2954 Listed on: 10/14/2024

Whitetail Properties Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,000

Lot Details

  • 178 Acre Lot
  • Property fronts a county road
  • Finished Lot(s)
  • Subdivision Possible

Schools

  • Princeton Elementary And Middle School
  • Princeton High School

Farming

  • Agricultural

Listing and Financial Details

  • Assessor Parcel Number 26-12-07-402-001.262-028

Property Details

Property Type

Land

Est. Annual Taxes

$7,000

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Agricultural Land
  • Legal Description: Pt E Se 7 2 10 16.14170 Acc Pt S 8 2 10 147.59 Ac D 10 Pt Sw 8 2 10 6.66 Ac D 10 26-12-08-301-003.669-028 --- Pt Sw 8 2 10 8.34 Ac
  • Parcel Number ID: 26-12-07-402-001.262-028
  • Platted: Yes
  • Parcel Id2: 26-12-08-300-000.942-027
  • Road Access: County
  • Road Surface: Paved
  • Parcel Description: Irregular, Undeveloped, Tillable, 15+
  • Parcel Id3: 26-12-08-301-000.941-027
  • Type of Sale: Traditional
  • Can Be Subdivided: Yes
  • Type Use: Agriculture, Multi-Family, Residential, Recreational
  • Special Features: None

Exterior Features

  • Road Frontage: County

Utilities

  • Electricity Type: Available

Schools

  • Elementary School: Princeton

Lot Info

  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 7753680
  • Estimated Lot Size Acres: 178

Tax Info

  • Annual Taxes: 7000

MLS Schools

  • High School: Princeton
  • Middle School: Princeton
  • School District: North Gibson School Corp.

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
02/14/2025 02/14/25 Sold $2,950,000 -26.1% --
12/08/2024 12/08/24 Pending -- -- --
10/14/2024 10/14/24 For Sale $3,990,000 -- --
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202439883

Indiana Regional MLS