Listing courtesy of Whitetail Properties Real Estate · Listing agent: Andrew Malott · Cell: 574-225-2699

Virtual tour
ActiveSite-Built Home

7404 W 1400 N

$2,000,000

$1,834.86 / sq ft

Est. $12,024/mo

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
Your loan

  • 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.
Change taxes, insurance and more in the full calculator

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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

Location

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$2,000,000

2 beds · 1 bath