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(765) 505-4155
$949,000
78.5± Acres
Active
Henry County, IN
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S State Road 103, New Castle, Indiana

MLS ID: MBR22135774
Status: Active
Price: $949,000
Acres: 78.5±
Type: Farm, Land
Address: S State Road 103
City, State: New Castle, IN
County: Henry County
ZIP Code: 47362
Lat/Long: 39.891826241, -85.35149574
Parcel Number: 331226300309000015

Description

Farm ground in a good location is getting harder to find. This farm has both. It offers 78.5 acres on the east side of State Road 103, about a quarter mile south of the New Castle city limits in Henry Township, Henry County. About 70 acres are tillable per FSA, which is roughly 89% of the farm. The ground is level to gently rolling, and virtually all of it is Class 2 soil. The main soil types are Miamian, Crosby and Cyclone silt loams, the classic till-plain soils of east-central Indiana. The dark Cyclone ground (about 20% of the field) is the most productive soil on the farm, and the Crosby responds well to tile. The farm sits outside any FEMA Special Flood Hazard Area. Location sets this farm apart from typical Henry County cropland. It has about 1,390 feet of frontage on State Road 103, in two segments. Established residential neighborhoods sit directly across the highway, and the north frontage lines up with E Jordan Drive. The New Castle city limits are about 1,300 feet from the northwest corner. That puts the farm in the path of the city's south side, about 2 miles from the SR 3 / I-70 corridor. This is a strong fit for an operator adding acres close to home or an investor looking for a long-term hold near town. It also suits a 1031 exchange buyer who wants productive, income-producing farmland. The farmhouse, bank barn and garage have been surveyed off separately on 1.5 acres, so you're buying the land alone with no building upkeep.

Directions: GPS Friendly

Additional Information

Exterior

Lot Size Square Feet: 3,419,460
Other Structures: Not Applicable
Road Frontage Type: Highway
Road Surface Type: Asphalt

Financial/HOA/Schools

Days On Market: 8
Middle School: New Castle Middle School
High School District: New Castle Community School Corp
Subdivision Name: No Subdivision
Zoning: ag

Extra Information

Documents Available: Survey Staked

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Chad Renbarger

Chad Renbarger

Fortville, Indiana

(317) 418-7712

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Listed By: Chad Renbarger of Mossy Oak Properties - (317) 418-7712