Skip to main contentSkip to navigation
1 / 30
Images
Map
Street

Improved Commercial Land for Sale in Elwood, Indiana

7874 E State Road 28, Elwood, IN 46036

$350,000
4 acres
Active
$50k drop
Est $1,939/mo

High-Traffic Commercial Property Opportunity on State Road 28! Don't miss this outstanding opportunity to own 4.09 acres of prime, multi-purpose commercial property on heavily traveled State Road 28. With excellent visibility and access, this property is perfect for a variety of business ventures. Two buildings, Main Warehouse: Approximately 6,900 sq. ft. featuring two entry doors, an office area, loft, and abundant storage. Metal roof is 2 years old. Office Building: 1,200 sq. ft., fully heated and cooled, connected to city water and sewer, and currently occupied by a reliable HVAC company. This building also has a 2-year-old roof. Additional features include a large paved parking lot, offering flexible use options for your business needs. Billboard rights are included, providing a valuable opportunity for extra income. If you're searching for a high-traffic commercial property with tons of potential-this is it!

8,120
Sq feet
1900
Built

Location

Street address
7874 E State Road 28
Community
Tipton - Madison
School district
Elwood Community School Corp
Elevation
866 feet
Coordinates
40.2772, -85.8631

Property details

Acreage
4.09 acres
Zoning
Commerical General
MLS #
MIBOR 22043983
Posted

Parcels

  • 800908400048000007

Legal description

Details and features

Listing

Type
Commercial Sale
Subtype
Mixed Use
Franchise
RE/MAX International

Structure

Heating
Forced Air, Natural Gas
Cooling
Central Air
Roof
Asbestos Shingle, Metal, Shingle

Property utilities

CategoryTypeStatusDescription
GasNatural GasConnected

Nearby schools

NameLevelDistrictDescription
Elwood Elementary SchoolElementaryElwood Community School Corp

Listing history

DateEventPriceChangeSource
Oct 17, 2025Price drop$350,000$50,000 -12.5%MIBOR
June 11, 2025New listing$400,000MIBOR
Subscribe to listing updates

Payment calculator

This 4.09-acre property is located at 7874 E State Road 28 in Elwood, IN 46036. The property is available for sale for $350,000. It has a 8,120 sq ft structure built in 1900.

Checked 1 hour ago — Updated

Report listing issue

Copyright (C) 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Contact listing agent Message rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact