Prime Tillable Farm With Development Potential
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Summary
Property
- Type
- Farms, Residential Land, Undeveloped Land
- Road Frontage
- County Road
- Road Surface
- Pavement
Land Details
- Tillable
Approximate Distances
| 1 mi | to Princeton |
| 5.5 mi | to Toyota Manufacturing |
| 8 mi | to Ft. Branch |
| 13 mi | to Mr Carmel |
| 28 mi | to Evansville |
Utilities
| Electric: | Onsite |
| Gas: | Nearby |
| Water: | Nearby |
| Sewer: | Nearby |
| Internet: | Nearby |
Features/Improvements
- Water Control Structures
- Grain Storage
- Seller's Mineral Rights Convey
Description
Located just behind Superior Ag off SR 64 on Princeton’s southeast side, this sprawling 178-acre farm offers an incredible investment opportunity. Available with open tenancy for 2025, the property features 176.58+/- highly productive tillable acres, primarily composed of Ragsdale Silt Loam soils, renowned for their fertility. Currently, under careful management, the farm provides above-average returns, making it an excellent long-term investment. The tenant farmer is willing to continue maintaining the property, ensuring consistent care and productivity. In addition to its agricultural value, this land presents significant potential for residential, commercial, or industrial development. It offers multiple access points, including the ends of E. Monroe St. and possibly E. Mulberry St. & E. Christian St. The property also features frontage along E. Evans St., intersecting with S. Washington, S. Adams, S. Jefferson, and S. Madison Streets. SR 64 is less than 900 feet from the northern boundary. Further enhancing its appeal, the property is situated outside the 500-year floodplain, in close proximity to South Side Park and Saint Joseph Primary School, and surrounded by existing utilities—including electric, water, sewer, and internet services. This site is shovel-ready for immediate development. With its prime location, substantial size, and versatile potential uses, this property is an outstanding opportunity for developers or investors seeking to capitalize on its build-ability. Regardless of your intended use, there is no doubt a rising demand for premium agricultural and development lands in this area!
Details
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176.58+/- productive tillable acres of Ragsdale Silt Loam soils
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Open tenancy for 2025, offering strong agricultural returns
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Significant potential for residential development
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Located outside the 500-year floodplain and near essential utilities (electric, water, sewer, and internet)
Other
Coordinates
38.3508, -87.5525
Annual Taxes
$7,000
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
COOPERATING BROKER COMPENSATION: Please contact Listing Agent/Broker for terms of cooperating Buyer Broker compensation. Terms of compensation, if any, shall be ascertained by cooperating brokers before beginning efforts to accept the offer of cooperation. Buyer’s Agents/Brokers must be identified, by Buyers and/or their Brokers/Agents, on the first contact with Listing Broker/Agents to receive compensation. Otherwise, compensation will be at the sole discretion of the Seller, Broker, and Whitetail Properties Real Estate, LLC.
Real Estate Commissions and Cooperating Broker Compensation, if any, are fully negotiable and is not fixed or controlled by law, by Whitetail Properties Real Estate, LLC (or any division/trade name/DBA of), or its Agents/Brokers.
