Wheeler Lakes - Potential Opportunity For Investment And Recreation
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Summary
Property
- Type
- Ranches, Recreational Land, Riverfront
- Road Frontage
- County Road
- Road Surface
- Blacktop/Asphalt
- Fencing
- Partial
- Outbuildings
- Metal
Land Details
- Pasture
- Pond
- Lake
Utilities
| Electric: | Onsite |
| Water: | Onsite |
Features/Improvements
- Small Game
- Big Game
- Waterfowl
- Fish
- Trail Network
- Internal Road System
- Gated Entrance
Description
The Central Indiana Land Team presents "Wheeler Lakes"! This property is currently operated as a part-time pay lake business and is known to be one of the best in Eastern Indiana due to its size, fish quality, and water quality. During peak business, 250-300 visitors each weekend come to enjoy the outdoors at Wheeler Lakes. The property is just under +/- 40 acres and has +/- 12 acres of water broken up between 4 different ponds. The largest is 9 acres; the other 3 ponds are around 1 acre each. The ponds are stocked yearly with catfish, carp, bluegill, bass and crappie. In the summer of 2024, one individual caught an 80lb catfish! It is a common occurrence for visitors to catch fish in the 30-40 lb range. This property presents a few different opportunities, including taking over the Wheeler Lakes business as it is today, building an RV park or campground, pasture land, or simply owning this as a recreation property for personal enjoyment! There is a "bait shop" building that has a full restroom and a lot of storage. Multiple wells are located on the property, with one that is 5" and can pump 42,000 gallons per hour into the large pond. This freshwater keeps the fish healthy. The other ponds are filled from the white river watershed runoff. Near the large pond is a metal outbuilding with an additional septic system. The road system is in fantastic condition and offers access to all the ponds. The southern property border is the White River for additional recreation enjoyment! The mobile home is included with this sale and has a recent new roof, septic clean-out, and HVAC upgrades. A recent survey has been done on this property. There is good fencing along the west and south sides of the property.
Details
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+/- 38.95 Acres
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4 Ponds totaling +/- 12 acres
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"Bait shop" building
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Mobile home with recent upgrades
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2 Septic systems
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2 Wells
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Fencing along the west and south border
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Investment opportunity
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Previous conditional use approval for a campground
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Sellers willing to pass along current social media page
Other
Coordinates
40.17631, -85.15993
Annual Taxes
$2,488
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.
