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Land for Sale in Auburn, Indiana

5200 County Road 427, Auburn, IN 46706

$394,900
14.6 acres
Active sale
ago
Est $3,028/mo

14.62+/- Acres of Divisible Land with Multiple Income Streams - Zoned R1 (Residential) Opportunity awaits on approximately 14.62+/- acres of versatile, divisible land in Auburn, IN. This property offers a unique combination of existing income, potential future development, and a quiet small-town setting, making it an attractive opportunity for investors, developers, or buyers looking for land with income-producing potential. The property currently provides two income streams: existing billboard income and farm income. The billboard offers advertising revenue, while the acreage provides additional income through agricultural use. This combination allows the property to generate income today while offering potential for future development or subdivision. City water and city sewer is available across the street, providing potential access to municipal utilities for future development, subject to verification and approval by the appropriate utility providers and local authorities. Located in Auburn, IN, a quiet community with a strong tourism presence and convenient access to local amenities, shopping, dining, major Rdways, and area attractions, this property offers both a peaceful setting and excellent accessibility. Subject to applicable zoning, development regulations, easements, and approvals. HIGHLIGHTS: 1. DIVISIBLE LAND LOCATED WITHIN AUBURN CITY LIMITS 2. SCHOOL DISTRICT = DEKALB COUNTY CENTRAL UNITED 3. ANNUAL TAXES (INCLUDING DITCH ASSESSMENT) = $371.64 4. 13.37+/- CROPLAND ACRES PER USDA FORM FSA-156EZ 5. CITY WATER AND CITY SEWER IS AVAILABLE ACROSS THE STREET

Location

Street address
5200 County Road 427
Zip code
46706
Elevation
858 feet
Coordinates
41.3412, -85.0662

Directions

5200 Block of CR 427, Auburn, IN 46706 (Between County Rd 50 and County Rd 52), AUBURN, IN 46706

Property details

Acreage
14.62 acres
MLS #
MyStateMLS 12017482
Posted

Listing history

DateEventPriceChangeSource
Oct 8, 2026Price increase$394,900$45,000 12.9%MyStateMLS
Oct 8, 2026New listing$349,900—MyStateMLS
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This 14.62-acre property is located at 5200 County Road 427 in Auburn, IN 46706. The land is available for sale, priced at $394,900 — $27,011 per acre.

Listed by Schrader Real Estate and Auction Company, (260) 244-7606

Checked 1 hour agoUpdated Source

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