Listed price in listed location currency (USD).
$1,499,999

000

MLS® 22108684

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Land
Size -
Garage 
Taxes 
Days Active 4
Lot Size 61.939999 Acres
Approx. Age 
MLS® Number 22108684

Property Address: 3188 W Frontage Rd, Greensburg, IN, 47240

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number22108684
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 18, 2026List Date
$1,499,999List Price
  • Commute

Commute

Starting Address
Destination Address
3188 W Frontage Rd, Greensburg, IN

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties