This 11 acres was once an ultralight airplane landing strip complete with hangers! The runway is still intact and the hangers are still there and rented. There are several barns of various sizes on the property that are also rented out. There are 4 house trailers of which 3 are currently rented.The back half of the property is wide open to whatever your heart desires! Great for building your dream home, or more storage rental buildings to increase the income! The potential is only limited by your imagination. The income in the data sheet is from last year's tax returns and actual income may vary. Great location and Price! once in a lifetime opportunity awaits!
Pending
$249,900
7721-7731 Nation Rd, Mount Vernon, IN 47620
6beds
3,182sqft
Est.:
Multi Family
Built in 1980
-- sqft lot
$247,100 Zestimate®
$--/sqft
$-- HOA
What's special
Ultralight airplane landing stripBarns of various sizes
- 12 days
- on Zillow |
- 1,601 |
- 100 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: April 17, 2025 at 01:54pm
Listed by:
William L Long stephanie.freemanrealestate@gmail.com,
HELFRICH REALTY CO
Source: IRMLS,MLS#: 202512708

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric, Conventional, Floor Furnace, Forced Air, Multiple Heating Systems
Cooling
- Central Air, Multi Units, Window Unit(s)
Features
- Ceiling Fan(s)
- Flooring: Carpet, Mixed, Other, Vinyl, Vinyl Tile
- Basement: None
Interior area
- Total structure area: 3,182
- Total interior livable area: 3,182 sqft
- Finished area above ground: 3,182
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 25
- Parking features: Off Street Parking
Features
- Stories: 1
- Waterfront features: Lake
Lot
- Size: 11.05 Acres
- Features: Few Trees, Rolling Slope, 10-14.999
Details
- Additional structures: None
- Parcel number: 651332100003.000019
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Block, Concrete, Metal Siding, Shingle Siding, Vinyl Siding, Wood Siding
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Private Sewer, Septic Tank
- Water: Cistern
Community & HOA
Community
- Subdivision: None
Location
- Region: Mount Vernon
Financial & listing details
- Tax assessed value: $211,600
- Annual tax amount: $3,300
- Date on market: 4/14/2025
- Inclusions: Building, Land
- Lease term: Negotiable
- Total actual rent: 30000
- Tenant pays: Cable TV, Electricity
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