Listing courtesy of Whitetail Properties Real Estate · Listing agent: Andrew Malott · Cell: 574-225-2699
7404 W 1400 N
Silver Lake, IN 46982
- On Flat Lake
- 215 acres
- 1-car garage
- Basement
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 1,090 sq ft
- Lot
- 215 ac
- Year built
- 1900
- Type
- Site-Built Home
- Listed
- August 24, 2026
- MLS #
- 202634549
About this home
Rarely does a property offering this combination of size, income potential, recreational value, and improvements become available. This 215± acre property features income-producing acreage, quality wildlife habitat, multiple structures, and a comfortable country home, making it an excellent opportunity for a land investor, outdoorsman, or buyer seeking a private rural retreat. The property includes a 2-bedroom, 1-bath country home with recent updates including a new roof, siding, and windows. The Morton barn features small living quarters, providing additional space for guests, a hunting lodge, or a convenient basecamp. Multiple barns and outbuildings offer substantial storage and workspace for equipment, livestock, hobbies, and agricultural uses. Nearly the entire property is enrolled in the Conservation Reserve Program (CRP), generating more than $30,000 annually while providing excellent wildlife habitat. An additional 6.55± acres are tenant farmed in a corn and soybean rotation, adding another productive income component. Recreational opportunities are abundant. Approximately 7.5± acres are dedicated to food plots and strategic hunting locations, allowing for hunting opportunities across various wind directions and seasonal patterns. Multiple ponds and water sources are found throughout the property, including a stocked main pond. A secluded wetlands area provides excellent waterfowl habitat while also offering quality deer bedding cover. A natural drainage ditch adds additional cover and wildlife travel habitat. Boat access to the lake provides another recreational feature. The diverse habitat supports whitetail deer, turkey, quail, pheasant, ducks, geese, dove, and rabbits. CRP, food plots, mature cover, wetlands, ponds, agricultural ground, and varied terrain create an environment capable of attracting and holding wildlife throughout the year. A mowed trail system provides convenient access for hunting, recreation, maintenance, and property management while helping minimize disturbance to key areas. A mature walnut grove adds further diversity and appeal. With established food plots, wetlands, ponds, mature cover, trails, agricultural income, significant CRP income, and substantial improvements, this property offers a rare combination of income and recreation. Whether your goal is a private hunting destination, dependable land income, country lifestyle, or versatile investment, this 215± acre offering deserves serious consideration.
Monthly payment estimate
$12,024/mo
- Principal & interest
- $10,947
- Property taxes
- $494
- Homeowners insurance
- $583
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2026 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- One and One Half
- Total rooms
- 8
- Total area
- 1,170 sq ft
- Finished area above grade
- 1,090 sq ft
- Unfinished area below grade
- 80 sq ft
- Below grade total
- 80 sq ft
- Bedrooms above grade
- 2
- Full baths, main level
- 1
- Basement
- Partial
- Heating
- Propane, Forced Air
- Cooling
- Central Air
- Laundry
- Main Level
Exterior & parking
- Construction
- Aluminum Siding, Metal Siding, Shingle Siding, Vinyl Siding, Wood Siding
- Roof
- Metal, Shingle
- Foundation
- Block
- Garage spaces
- 1
- Attached garage
- No
- Garage type
- Detached
- Garage sq ft
- 420 sq ft
- Parking
- Gravel
- Private pool
- No
- Fencing
- Barbed Wire, Wire
- Other structures
- Pole/Post Building
- Other structures (2)
- Barn
- Outbuilding 2
- 2,048 sq ft
- New construction
- No
Waterfront & lake
- Waterfront
- Yes
- Body of water
- Flat Lake
- Waterfront features
- Walk to Lake Access
- Water access
- Lakefront
- Water frontage
- 1 ft
- Channel / canal frontage
- 1 ft
- Water feature
- Lake
Lot
- Lot features
- Part Wooded, Rolling Lot, Waterfront, Flood Plain, 15+, Lake on Lot, Waterfront-Level Bank, Waterfront-Medium Bank
- Lot size (acres)
- 215 ac
- Lot dimensions
- 3560 x 2650
- Location type
- Rural
- County
- Wabash County
- Township
- Pleasant
- Road frontage
- County Road
- Road surface
- Paved
- Platted
- Yes
- Planned unit development
- No
- Directions
- From Akron, travel east on State Road 114. Turn left onto East County Road S. This road will lead to the county line and the property will be located on the north east side of that intersection.
Schools
- Elementary school
- Manchester
- Middle school
- Manchester Jr/Sr
- High school
- Manchester Jr/Sr
- School district
- Manchester Community
Taxes & terms
- Annual taxes
- $5,926
- Tax year
- 2026
- Possession
- Negotiable
- Parcel number
- 85-01-23-300-014.000-012
Utilities
- Water
- Well
- Well
- Private
- Sewer
- Septic Tank