1415 Indiana 120

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1415 Indiana 120

Bristol, IN 46507
Asking Price
$1.73M
Asset Type
Agricultural Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel spans 43.71 acres of agricultural land in Bristol.
  • Property is zoned for residential use by local authorities.
  • Municipal utility services are available at this site.
  • Land features sandy soil composition across the acreage.
  • Tax increment financing may be possible for development.
  • The asking price for this land is $1,725,000.

What's Special

This 43.71-acre agricultural land parcel sits in Bristol, Indiana, providing a substantial footprint for future development. The site features municipal utilities and is currently zoned for residential use, facilitating potential transitions for investors and developers active in the northern Indiana region. Its location near Elkhart County allows for accessibility to major regional transportation corridors while maintaining the character of a growing suburban market. The sandy soils found on the property support various development strategies, and the site resides within a geography where tax increment financing districts may be considered. Given the residential zoning and available utility infrastructure, this acreage functions as a strategic acquisition for residential subdivision projects or long-term land banking initiatives. The proximity to regional hubs keeps the site well-positioned for interest from those seeking expansion opportunities in this industrial and agricultural corridor.

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NOI
$80,000
Cap Rate
4.64%
DSCR
0.78
Underwater
Cash-on-Cash
-4.33%
Monthly Payment
$8,534.359
Annual Cash Flow
$-22,412.306

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