$799,900
10± Acres
Active
Shelby County, IN

5434 Michigan, Fairland, Indiana

MLS ID: 21936872
Status: Active
Price: $799,900
Acres: 10±
Type: Farm, Residential, Land
Address: 5434 Michigan
City, State: Fairland, IN
County: Shelby County
ZIP Code: 46126
Parcel Number: 730603300053000004
Bedrooms: 3
Bathrooms: 2
SqFt: 1,000
Year Built: 1971

Description

Opportunities like this are few and far between! Nestled on 10 acres of prime land, a mere mile from the renowned Horseshoe Casino, this remarkable equine paradise presents a great investment opportunity. Starting with the 3-bedroom, 2-bathroom home complete with a garage, all meticulously maintained and ready for you to move in. Stepping out to the patio, there is a great view of the stables and the fields. There are a total of 14 stalls on the property, 3 of which are specialized foaling stalls for ensuring the safety and care of newborn foals. The main barn presents optimal functionality with 10 stalls and doors on all four sides. This open, airy ambiance provides ventilation and comfort for animals. The smaller barn contains 4 additional stalls and water. This property is more than just a residence; it's a hub of equestrian excellence. Hosting champion horses during race events, the facilities have a proven track record of safety and security. This equine haven offers an enticing investment prospect, generating a substantial monthly income of $5,700 and nearly $70,000 annually. Located just outside the vibrant city of Indianapolis, the property has the serene countryside atmosphere while remaining conveniently connected to the hustle and bustle via nearby I-74. *Property shown by appointment only to pre-qualified buyers.

Additional Information

Interior

Appliances: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer, Water Heater
Bathrooms Full: 2
Building Area Total: 1,000
Cooling: Central Electric
Garage (Yes/no): Yes
Garage Spaces: 2
Heating: Electric
Interior Features: Paddle Fan, Hi-Speed Internet Availbl, Eat-in Kitchen, Pantry
Living Area Source: Plans
Rooms Total: 5

Exterior

Architectural Style: Ranch
Foundation Details: Full
Lot Size Square Feet: 218,236
Parking Features: Attached
Property Attached: Yes
Water Source: Private Well

Financial/HOA/Schools

Days On Market: 166
Elementary School: Triton Central Elementary School
Middle School: Triton Central Middle School
High School: Triton Central High School
High School District: Northwestern Con School Corp
Subdivision Name: No Subdivision
Chad Renbarger

Chad Renbarger

Fortville, Indiana

(317) 418-7712

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Listed By: Brad Garrison of Whitetail Properties