South State Road 103

New Castle IN 47362

3419460 sq. ft.

Rural

Currently for sale - view listing

Overview

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.

Features

3419460 sq. ft. lot size

Rural

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