7874 E State Road 28 Elwood IN 46036 (House For Sale) | MLS 22111153
Frequently Asked Questions
Are house prices dropping in Elwood?
The house prices in Elwood are indeed dropping at the moment. There has been a decrease in price of $63,154.61. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.
What is the housing market like in Elwood at this time?
The housing market and house prices in Elwood are going down. The average house price is $164,900.00 and the average price per square feet is $122.63 per square foot. At the moment, there are 228 homes listed - 45 active, 20 pending, and 163 sold in Elwood.
What is the most popular place to buy a house in Elwood?
The most popular place to buy a home in Elwood is 4804 - Madison - Pipe Creek. 4804 - Madison - Pipe Creek has the most properties listed and appears to have the highest demand.
What is the amount of property taxes you have to pay for a house in Elwood?
The average amount of property taxes you would have to pay for a home in Elwood is $1,455.21. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.
How fast are houses listed in Elwood being sold?
Properties in Elwood stay on the market for an average of 103 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.
How often are houses listed for sale in Elwood?
The last home listed in Elwood was 1366 minutes ago.
Can you visit houses in Elwood?
Currently, there are 0 open houses available for viewing in Elwood.
What is the most expensive house in Elwood?
The cost of the most expensive home in Elwood is $700,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.
What is the cheapest house in Elwood?
The cost of the cheapest home in Elwood is $35,799.00. Buying a cheaper home can keep payments low and leave room for customization.
How old are the homes in Elwood?
The oldest home in Elwood was built in 1859, and the newest in 2026.
How big are the homes in Elwood?
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The average property size in Elwood is 1693.07 sq.ft., the largest being 3482 sq.ft., and the smallest being 878 sq.ft.
Additional Details
Property Details
Lot Dimensions:
178160
Road Frontage:
State Road
Road Access:
Frontage Road
Road Surface:
Asphalt
Zoning:
Commerical General Zoning
Water Source:
Well
Total Sq. Ft.:
8, 120
Directions:
GPS Friendly
Schools
High School:
Tipton High School
Middle School:
Tipton Middle School
Elementary School:
Tipton Elementary School
Tax and Financial Info
Semi-Annual Property Tax:
$703
Tax Year:
2025
Other Disclosures:
As Is, Auction
Quick View
Address:
7874 E State Road 28 Elwood IN 46036
Status:
Active
On Site:
22 Hrs 46 Mins On Site
Price:
$150, 000
Sq. Feet:
8, 120
Lot Size:
4.09
County:
Tipton
Township:
Madison
MLS #:
22111153
Property Type:
Mixed Use
Community Information
Area:
8006 Tipton Madison
City:
Elwood
Zip Code:
46036
Description
Commercial Real Estate Auction - Friday, August 14th at Noon Outstanding opportunity to own a versatile commercial property situated on 4.09 acres with excellent visibility along high-traffic State Road 28. Offering exceptional flexibility for both owner-users and investors, this property features two separate commercial buildings with endless possibilities. The primary building offers approximately 6,900 square feet and includes warehouse space, office area, restroom, and abundant storage/workspace. The second building consists of approximately 1,200 square feet of fully heated and cooled space with a restroom, making it ideal for office, retail, or additional business operations. Occupy one building while leasing the other to generate additional income, or utilize both buildings for your growing business. This property would be well suited for contractors, fleet operations, landscaping companies, light manufacturing, service businesses, distribution, storage, and many other commercial uses. Additional features include billboard rights for added income potential, city water and sewer, a large paved parking lot, and approximately two-year-old roofs on both buildings. Properties offering this combination of acreage, multiple buildings, visibility, and income potential are rarely available. Whether you're expanding your business or adding to your investment portfolio, this is an outstanding opportunity to acquire a high-exposure commercial property with tremendous upside. Whether you're looking to expand your business, establish a new headquarters, or add a high-performing asset to your investment portfolio, this property offers exceptional flexibility and outstanding income potential. With two separate buildings, billboard revenue, and multiple occupancy options, the possibilities are endless. Investors will appreciate the property's strong cap rate potential and long-term upside in this highly visible commercial location.
Source: MIBOR as distributed by MLS GRID, MLS ID: 22111153
Listing provided courtesy of Jason Snider 317-507-1692 with J. Snider Real Estate
Commercial Real Estate Auction - Friday, August 14th at Noon Outstanding opportunity to own a versatile commercial property situated on 4.09 acres with excellent visibility along high-traffic State Road 28. Offering exceptional flexibility for both owner-users and investors, this property features two separate commercial buildings with e...
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Source: MIBOR as distributed by MLS GRID, MLS ID: 22111153
Listing provided courtesy of Jason Snider 317-507-1692 with J. Snider Real Estate
Zip Code 46036 offers a peaceful environment with generally low traffic noise, creating a calm and quiet atmosphere. The neighborhood features predominantly single detached homes and townhouses, mostly with two to three bedrooms, providing a variety of comfortable housing options. Accessibility by car is smooth, supported by convenient parking and even roads to most destinations. Dining options including several restaurants and cafes contribute to the local charm. Though limited, grocery stores and schools serve the community’s essential needs. This area benefits from a classic neighborhood feel, with many homes reflecting architectural styles from the mid-20th century, adding character and warmth to the surroundings.
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