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Land with Home for Sale in Lagrange, Indiana

2140 S 500 E, Lagrange, IN 46761

$1,330,000
40 acres
Active sale
ago
Est $6,943/mo

A truly exceptional property in LaGrange County two parcels totaling 40 acres with an impressive 1,200 feet of lakefront on beautiful Royer Lake and over 3,000 feet of combined road frontage (more than 2,000 feet on one side and 1,000 feet on the other). This property offers a rare blend of rolling farmland, mature trees and serene waterfront, making it an ideal setting for recreation, investment, or development. Currently zoned Agricultural and under cultivation, it provides both income potential and flexibility for future use. Included on the property is a 1,120 sq. ft. home featuring 2 bedrooms, 1 bath, on a walkout basement already plumbed for second bathroom. The home is positioned to take in the quiet, rural surroundings and offers an excellent opportunity for guest quarters, or a temporary residence while you plan your dream build. Royer Lake is a peaceful, non-ski lake known for its great fishing and connection to Fish Lake, offering the best of quiet lake living with expansive land to roam. With its combination of prime lake frontage, extensive road access, and natural beauty, this is truly a once-in-a-lifetime opportunity in northern Indiana. Whether you're looking for a private retreat, working farm, or investment property, this one checks every box. Call today to schedule a private tour.

1,120
Sq feet
2
Beds
1
Full bath
1983
Built

Location

Street address
2140 S 500 E
Zip code
46761
School district
Lakeland School Corp
Elevation
955 feet
Coordinates
41.6111, -85.3296

Directions

US 20 Lagrange IN to 500 E turn South continue south for 2.25 miles. Arrive at property on the right side.

Property details

Acreage
40 acres
MLS #
FWAAR 202630213
Posted

Property taxes

2024
$1,776

Parcels

  • 44-10-02-200-004.000-010

Details and features

Listing

Type
Residential
Franchise
Keller Williams Realty

Lot

Waterfront
Lake
Features
15+, Partially Wooded, Rolling, Rural, Water View, Waterfront

Structure

Stories
1
Basement
Concrete
Water
Well
Cooling
Central Air
Roof
Metal

Interior

Room Count
5
Rooms
Basement, Bathroom, Bedroom x 2, Laundry Room

Nearby schools

NameTypeDistrict
Lakeland PrimaryElementaryLakeland School Corp
Lakeland IntermediateMiddleLakeland School Corp
Lakeland JR/SrHighLakeland School Corp

Listing history

DateEventPriceChangeSource
July 27, 2026New listing$1,330,000FWAAR
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This 40-acre property is located at 2140 S 500 E in Lagrange, IN 46761. The property is available for sale, priced at $1,330,000. It has a 1,120 square foot 2-bedroom, 1-bath house built in 1983.

Listed by Keller Williams Realty Group, (260) 460-7707

Checked 2 hours agoUpdated

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