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Recreational Land & Farm for Sale in Martinsville, Indiana

N Waverly Parks Rd, Martinsville, IN 46151

$3,520,000
356 acres
Active
ago
Est $24,271/mo

Fantastic location and a truly rare offering. Properties of this size, quality, and continuity seldom come to the open market, particularly those that have remained in the same family for generations. This remarkable 355+- contiguous-acre farm is located in highly desirable Morgan County, Indiana, positioned just north of Martinsville and south of Bargersville with excellent access from I-37/I-69. The property's western boundary is defined by the White River, providing both natural beauty and a distinctive feature that enhances long-term value and desirability. Approximately 320 acres are tillable and currently being farmed, producing an estimated $65,000 per year in annual income. The balance of the acreage offers potential for recreational use, future improvements, or conservation value, while still maintaining the integrity of a large, contiguous tract. The scale and layout of this farm are increasingly difficult to find, especially in a location experiencing steady growth and strong demand for land. This property is well suited for a variety of buyers, including farmers seeking to expand an existing operation, investors hoping to diversify their portfolio, or buyers seeking to complete a 1031 exchange. The combination of productive soils, consistent income, and proximity to major transportation corridors positions this farm as both a short-term income producer and a potential long-term appreciation investment. The farm has recently been surveyed, and preliminary title work has already been completed, allowing for a smoother and more efficient transaction. 2024 corn and soybean seeding and yield reports are available upon request, offering transparency and confidence for prospective buyers. With its generational history, productive acreage, river frontage, and outstanding location, this is a rare opportunity to acquire a premier Indiana farm that will stand the test of time.

Location

Street address
N Waverly Parks Rd
Elevation
638 feet
Coordinates
39.5467, -86.2812

Property details

Acreage
356 acres
MLS #
MyStateMLS 11636524
Posted

Property taxes

2024
$2,950

Listing history

DateEventPriceChangeSource
Jan 26, 2026New listing$3,520,000MyStateMLS
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This 356-acre property is located at N Waverly Parks Rd in Martinsville, IN 46151. The property is available for sale for $3,520,000 with a price per acre of $9,888.

Checked 8 hours ago — Updated

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