Listing courtesy of RE/MAX Select Associates, Inc. · Listing agent: Chris Wesley · Offc: 812-828-5310

PendingCommercial Land

2 Lots Morgan Street

$295,000

Spencer, IN 47460

Estimate your monthly payment

Lot: 0.4 ac
Type: Commercial Land
Listed: September 14, 2026
MLS #: 202637905

About this home

Excellent commercial opportunity in Spencer! This approximately 0.42-acre parcel offers a highly visible location along Morgan Street/SR 46/SR 67/US Hwy 231, providing strong traffic exposure and easy access for a variety of commercial uses. The property offers excellent potential for retail, office, service-based businesses, or other commercial development. Water, sewer, natural gas, and electric are available on or at the street. With its prominent location, highway visibility, available utilities, and convenient access, this property provides an excellent opportunity for an owner-user, investor, or business looking to establish a presence in Spencer.

Property details

Waterfront & lake

Waterfront: No

Lot

Lot size (acres): 0.4 ac
Lot dimensions: Irregular
Location type: City,Commercial
County: Owen County
Township: Washington
Current use: Commercial
Road frontage: State Road
Road surface: Paved
Road maintained by: State
Price per acre: $737,500
Easements: No
Platted: Yes
Planned unit development: No
Directions: Corner of Short St and Morgan St.

Schools

Elementary school: Spencer
Middle school: Owen Valley
High school: Owen Valley
School district: Spencer-Owen Community Schools

Taxes & terms

Tax year: 2026
Tax exemptions: No Exemptions
Listing terms: Cash, Conventional
Possession: DOFC
Parcel number: 60-10-20-400-400.296-028

Utilities

Electric: Available
Utilities: Sewer Available, Water Available
Fuel: Gas, Available
Electric provider: Duke Energy Indiana
Gas provider: Community NatGas(Spencer)
Water provider: BBP

Location

Loading map...

IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by IRMLS as amended from time to time.

Based on information submitted to the MLS GRID as of October 8, 2026 4:30 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some IDX listings have been excluded from this website.

DMCA Notice

Similar homes

Active
Selected on map3
$259,900
Listed May 1
1650 E State Road 46 Road
Spencer, IN 47460
Listing courtesy of RE/MAX Select Associates, Inc.
Pending
Selected on map14
$225,000
470 W Morgan Street
Spencer, IN 47460
Listing courtesy of Home Team Properties