0 State Road 3

Milroy, IN 46156

$2,200,000
Price
7,927,920 / 182
Lot Size / Acres

Description

This property offers very productive tillable acreage with income, tremendous whitetail hunting (a recent harvest was a buck over 200" gross score), over 3,000 feet of river frontage, and great timber investment! The approximate breakdown of acreage is +/- 130 FSA tillable acres and +/- 51 wooded/extra acres. The farm sets up with +/- 2/3 of the tillable portion on the top and +/- 1/3 tillable in the bottom and wooded fingers with ridges and ravines mixed in between. The average NCCPI score is 74.59...This property offers very productive tillable acreage with income, tremendous whitetail hunting (a recent harvest was a buck over 200" gross score), over 3,000 feet of river frontage, and great timber investment! The approximate breakdown of acreage is +/- 130 FSA tillable acres and +/- 51 wooded/extra acres. The farm sets up with +/- 2/3 of the tillable portion on the top and +/- 1/3 tillable in the bottom and wooded fingers with ridges and ravines mixed in between. The average NCCPI score is 74.59 and WAPI for corn is 137.92 and WAPI for soybeans is 48.27. The owner receives close to $30,000 per year in income from the tillable portion with tenancy open for the 2026 growing season. The wooded portion of the property offers a future investment opportunity. Out of the +/- 51 of wooded/extra acreage, approximately +/- 31 acres consists of dense black walnuts ranging in age and size. There are other mature hardwoods mixed in but the black walnut are the shining star. The understory is very diverse and provides cover for wildlife but is not full of invasive species like a lot of woodlots in Eastern Indiana. With some good timber management, this section could pay high dividends later on down the road. The ridges and ravines create perfect travel corridors for whitetail and great hunting opportunities. The current owners have harvested some great bucks over the years including one over 200"! Genetics play a crucial role in opportunities for trophy class deer and this property has them! There are 2 gas wells on the property. The southeastern border of the property is +/- 3,000' of Little Flat Rock River. There are potential new opportunities coming soon from the Rush County NRCS that could pay you as an owner to create wildlife habitat and earn income on the bottom land acreage that is close to or even above the current rent values. Contact the the land specialist to hear these details or to inquiry further about this opportunity.
  1. Listed by Tyler Fritz • Whitetail Properties Real Estate
  2. Listed by Andrew Malott • Whitetail Properties Real Estate

Property Details for 0 State Road 3

Subdivision
None
Waterfront
Yes
LISTING UPDATED: 03/21/2025 03:30 PM

Property Details for 0 State Road 3

StatusActive
MLS #202504201
Days on Market47
Taxes$2,832 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeFarm/Ranch / Outbuildings Only
Year Built2000
Lot Size182.00 AC
CountyRush County

Building Information for 0 State Road 3

Lot Size182.00 AC

Property Information for 0 State Road 3

Summary
Location and General Information
  • Area: Rush County
  • City: Milroy
  • Zip Code: 46156
  • State: IN
  • Township: Anderson
  • Geo Latitude: 39
  • Geo Longitude: -85
  • Fips Code: 18139
  • Directions To Property: for GPS use 9183 State Road 3, Milroy, IN, 46156. When turning west off of 3 take the gravel lane until it dead ends through a home and barns to a gate.
  • Water Frontage: 3000.0
Taxes and HOA
  • Annual Taxes: $2,832
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 70-14-23-400-001.000-001
School Information
  • School District: Rush County Schools
  • Elementary: Milroy
  • Middle School: Benjamin Rush
  • High School: Rushville
Property
Lot Information
  • Class: FARM/RANCH
  • Property Subtype: Outbuildings Only
  • Approx Lot Size Acres: 182.0
  • Lot Dimensions: 1x1
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 0.0
  • Approx Lot Size Sqft: 7927920.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 0.0
  • Lot Description: Irregular, Partially Wooded, Rolling, 15+, Pasture, Water View, Wooded
  • Number of Tillable Acres: 131.0
  • Number of Wooded Acres: 51.0
  • Type Of Farm: Multi-Purpose
Property and Assessments
  • New Construction: No
  • Year Built: 2000
  • Possession: at closing
  • Planned Unit Development: No
Utilities
  • Water Type: River
  • Water Access: Riverfront
  • Water Utility: Well Needed
  • Sewer: None
Interior and Exterior Features
Exterior Features
  • Outbuilding 1: None
  • Platted: Yes
Interior Features
  • Number of Below Grade Baths: 0
  • Total Number of Bedrooms: 0
  • Total Number of Full Baths: 0
  • Total Number of Half Baths: 0
  • Total Baths: 0
Multi Family
Income & Expenses Information
  • Gross Monthly Rent: $2,500
Rental
Rental Information
  • Leased Acres: Yes

Property History for 0 State Road 3

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 0 State Road 3

This home is within Rush County Schools.
Rating
School
Type
Grades
Distance
Milroy Elementary School
Public - K to 6
Benjamin Rush Middle School
Public - 7 to 8
Rushville Consolidated High School
Public - 9 to 12
Rushville Elementary School West
Public - PK to 6
Rating
School
Distance
Milroy Elementary School
PublicK to 6

Benjamin Rush Middle School
Public7 to 8

Rushville Consolidated High School
Public9 to 12

Rushville Elementary School West
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 0 State Road 3, Milroy, IN 46156

0 State Road 3 is a 182 ac of land for sale in Milroy, IN 46156. This property was listed for sale on February 10, 2025 by Whitetail Properties Real Estate, it's currently listed at $2,200,000. This listing's school district is Rush County Schools. Nearby schools include Milroy Elementary School, Benjamin Rush Middle School and Rushville Consolidated High School. 0 State Road 3 is a 0-bed, 0-bath, 182 ac of land built in 2000 on a 7,927,920 sq. ft. / 182 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Whitetail Properties Real Estate

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.