Additional Details

Property Details

Lot Dimensions:

2698106.4

Road Frontage:

County Road

Road Access:

County Rd

Road Surface:

Asphalt

Zoning:

A 2

Directions:

GPS Friendly

Tax and Financial Info

Semi-Annual Property Tax:

$1, 649.5

Tax Year:

2025

Other Disclosures:

Package, Other

Quick View

Address:

3188 W Frontage Road Greensburg IN 47240

Status:

Active

On Site:

15 Days On Site

Price:

$1, 499, 999

Lot Size:

61.94

County:

Decatur

Township:

Adams

MLS #:

22108684

Property Type:

Residential Lots

Community Information

Area:

1601 Decatur Adams

City:

Greensburg

Subdivision:

No Subdivision

Zip Code:

47240

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.

Source: MIBOR as distributed by MLS GRID, MLS ID: 22108684

Listing provided courtesy of Eric Richards 812-662-3276 with Landproz of Indiana, LLC

Last Updated: 6/18/2026 | 10:22 PM

Home Details

Status: Active

Price: $1,499,999

Address: 3188 W Frontage Road, Greensburg, IN 47240

Bedrooms:

Bathrooms: 0

Square Feet:

15 days on Site

• Property Type: Land
• 15 days on Site
• 61.94 Lot Size