58 Acres with Income and Opportunity – Offered at Appraised Value of $631,684 – Center Point, Indiana (Clay County)
Located just south of State Road 46 on County Road 300 East, this 58-acre property in Clay County offers the perfect combination of income production, natural beauty, and investment stability. With a balance of 36 acres of productive tillable ground and timbered acreage, this land provides multiple sources of income and long-term potential.
The property features active oil wells generating approximately $12,000 per year, with expected increases in production, plus an additional $7,200 per year in farm rent from the tillable acres. The wooded portions provide excellent hunting, recreation, and future timber value, adding even more appeal.
A very recent appraisal values the property at $631,684, and it is being offered at that appraised value, making this an exceptional opportunity to purchase a proven, income-producing investment. Conveniently located near Center Point and just minutes from State Road 46, this property combines accessibility with a peaceful country setting.
Property Highlights:
• 58 total acres in Clay County
• 36 acres of productive tillable ground
• Active oil wells producing approx. $12,000/year (with growth potential)
• $7,200/year in farm rent income
• Balance in wooded acreage offering recreation and timber value
• Recently appraised at $631,684 and offered at appraised value
• Great location just south of SR 46 near Center Point
A rare opportunity to own a diverse, income-producing property with verified market value—ready to add to your portfolio or make your own.
For additional information, contact Land Specialists at or at .
Lot/land
$590,000
0 State Road 46, Centerpoint, IN 47840
--beds
0baths
58Acres
Unimproved Land
Built in ----
58 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Wooded portionsProductive tillable groundActive oil wells
- 186 days |
- 136 |
- 5 |
Zillow last checked: 7 hours ago
Listed by:
Caleb Emrick,
Mossy Oak Properties Indiana Land and Lifestyle 765-505-4155
Source: REALSTACK,MLS#: 91493
Facts & features
Interior
Property
Lot
- Size: 58 Acres
Details
- Parcel number: 0110027100
Community & HOA
Location
- Region: Centerpoint
Financial & listing details
- Date on market: 10/9/2025
- Lease term: Contact For Details
Estimated market value
Not available
Estimated sales range
Not available
$1,795/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/17/2025 | Price change | $590,000-6.6% |
Source: REALSTACK #91493 Report a problem | ||
| 10/9/2025 | Listed for sale | $631,684+134% |
Source: REALSTACK #91493 Report a problem | ||
| 7/20/2021 | Sold | $270,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 47840
Nearby schools
GreatSchools rating
- 8/10Jackson Township Elementary SchoolGrades: K-5Distance: 6.3 mi
- 7/10Clay City Jr-Sr High SchoolGrades: 7-12Distance: 7.8 mi
- 8/10Clay City Elementary SchoolGrades: K-6Distance: 7.9 mi
Local experts in 47840
- Indiana
- Clay County
- Center Point
- 47840
- 0 State Road 46






