
Improved Commercial Land for Sale in Elwood, Indiana
7874 E State Road 28, Elwood, IN 46036
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!
Location
- Street address
- 7874 E State Road 28
- County
- Tipton County
- Community
- Tipton - Madison
- School district
- Elwood Community School Corp
- Elevation
- 866 feet
Property details
- Acreage
- 4.09 acres
- Zoning
- Commerical General
- MLS #
- MIBOR 22043983
- Posted
Parcels
- 800908400048000007
Legal description
Pt Se Se 4.09 Ac 8 -21 -6
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
| Category | Type | Status | Description |
|---|---|---|---|
| Gas | Natural Gas | Connected | — |
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Elwood Elementary School | Elementary | Elwood Community School Corp | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 17, 2025 | Price drop | $350,000 | $50,000 -12.5% | MIBOR |
| June 11, 2025 | New listing | $400,000 | — | MIBOR |





























