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51405 Elm Rd 5.01 Acres of Residential Land Offered at $1,245,000 in Granger, IN 46530

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INVESTMENT HIGHLIGHTS

  • Penn-Harris Madison School District
  • Potential for residential or commercial development
  • Prime location within Harris Township: Across from Harris Branch Library (P-H-M) & nearby to Harris Township Park and Granger Paths Walking Trail

EXECUTIVE SUMMARY

PRIME LOCATION: Discover this remarkable investment or development opportunity on Elm Road on 5 +/- acres. Located directly across from Harris Branch Library (P-H-M) and just a short walk to Harris Township Park and Granger Paths walking/biking trail, this property offers limitless potential for residential or commercial development. While there is currently a house and barn on property, the value is in the land. Home sold as-is. The seller will not pay for demolition, repairs, or permits. Currently zoned Residential.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER AC
Taxes $4,618 $921.76
Operating Expenses - -
Total Expenses $4,618 $921.76

FINANCIAL SUMMARY (ACTUAL - 2024)

Taxes
Annual $4,618
Annual Per AC $921.76
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $4,618
Annual Per AC $921.76

PROPERTY FACTS

Price $1,245,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Apartment Units - Condo
  • Community Center
  • Healthcare
  • Horse Stables
  • Medical
  • Self Storage
  • Single Family Development
  • Pasture Ranch
Total Lot Size 5.01 AC
No. Stories 2
Zoning C - Multi-Family/Single-Family Residential District

1 LOT AVAILABLE

Lot

Price $1,245,000
Price Per AC $248,502.99
Lot Size 5.01 AC
  • Listing ID: 34790103

  • Date on Market: 2/11/2025

  • Last Updated:

  • Address: 51405 Elm Rd, Granger, IN 46530

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