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(765) 505-4155
$1,499,999
61.94± Acres
Active
Decatur County, IN
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3188 Frontage, Greensburg, Indiana

MLS ID: MBR22108684
Status: Active
Price: $1,499,999
Acres: 61.94±
Type: Lot, Land, Residential
Address: 3188 Frontage
City, State: Greensburg, IN
County: Decatur County
ZIP Code: 47240
Lat/Long: 39.381686, -85.537789
Parcel Number: 160620440001040001

Description

Premier Development Opportunity - 62 Acres with Approved Building Sites and Private Lake This exceptional 62-acre property offers a rare investment and development opportunity just minutes from Interstate 74. With rezoning completed and infrastructure planning already in place, the property is positioned for immediate development. The property includes 10 approved building sites, each exceeding two acres and served by a private road, creating an ideal setting for an upscale rural residential development. The large lot sizes meet today's demand for estate-style homesites that provide privacy, recreation, and convenient access to nearby employment centers. A key feature is the professionally engineered 15-acre lake, designed to maintain consistent water levels and enhance both lot values and marketability. An additional 15.38 acres surrounding the lake is designated as common area, providing shared ownership and recreational access for all 12 lot owners. Established trails, abundant wildlife, and a scenic half-acre pond further enhance the property's appeal. The location provides excellent access to Interstate 74 and is conveniently situated near Greensburg, Indianapolis, Cincinnati, and major regional employers. Demand in the area remains strong among professionals seeking larger homesites and a rural lifestyle without sacrificing convenience. Also included is a well-maintained 2-bedroom, 1-bath home with an attached three-car garage, workshop, storage building, and shipping containers. These improvements offer potential for rental income, project headquarters, or caretaker housing during development. This property presents a unique opportunity to develop premium estate lots, create a private residential community, or hold as a long-term investment.

Directions: GPS Friendly

Additional Information

Exterior

Lot Size Square Feet: 2,698,106
Other Structures: Equipment Shed
Road Frontage Type: County Road
Road Surface Type: Asphalt
Waterfront: Yes
Waterfront Features: Lake Privileges, Lake Front, Pond, Water Access, Water View, Waterfront

Financial/HOA/Schools

Additional Parcels (Yes/no): Yes
Additional Parcels: 16-06-20-440-001.020-001 16-06-20-440-001.030-001 16-06-20-440-001.040-001
Days On Market: 1
High School District: Decatur County Community Schools
Subdivision Name: No Subdivision
Zoning: A-2

Extra Information

Documents Available: Aerial Photos

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Chad Renbarger

Chad Renbarger

Fortville, Indiana

(317) 597-2352

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Listed By: Eric Richards of Landproz Of Indiana, Llc - (317) 557-1376