Listing courtesy of Bartel & Company · Listing agent: Brad Hooley · Cell: 574-596-9890

ActiveUnimproved Land

Indiana Ave County Road 1

$2,900,000

Elkhart, IN 46517

Original price $2,960,000 · Price reduced on December 21, 2023

148 acres

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Lot: 148 ac
Type: Unimproved Land
Listed: August 28, 2023
MLS #: 202331029

About this home

148 acres more or less vacant land. this is the former Osceola Raceway but has been converted back to agricultural use. Sandy well drained soil, with much residential development in the area. Current zoning is M2 but a down zone to R or Ag would be an easy formality. Check out the possibilities here. This property has road frontage and access to Indiana Avenue, CR 1, and Ash Road. The commercial shop building and concession building to the west are for sale separately.

Property details

Waterfront & lake

Waterfront: No

Lot

Lot size (acres): 148 ac
Lot dimensions: 5000 x 1790
Inside city limits: No
County: Elkhart County
Township: Baugo
Current use: Agricultural, Commercial, Mobile Home, Multi-Family, Office, Residential, Camp/RV with Land, Recreational
Road frontage: County Road
Road surface: Asphalt
Road maintained by: County
Price per acre: $19,595
Easements: Yes
Restrictions: Restrictions,Deed Restrictions,Easements
Platted: Yes
Planned unit development: No
Directions: Former Osceola Raceway, now converted to agriculture, Along Indiana Ave East of Ash Road

Schools

Elementary school: Jimtown
Middle school: Jimtown
High school: Jimtown
School district: Baugo Community

Taxes & terms

Annual taxes: $5,000
Tax year: 2023
Listing terms: Cash
Possession: closing subject to crop rights
Parcel number: 20-05-10-176-001.000-001

Utilities

Water: City
Electric: Available
Fuel: Available

Location

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Based on information submitted to the MLS GRID as of October 7, 2026 10:30 PM 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.

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