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$2,000,000

2 Beds 1 Baths 1,090 SQFT 215.00 Acres
Type: Single Family

7404 W 1400 N
Silver Lake, IN 46982

MLS#: 202634549
Steve Smith
Steve Smith
Irish Realty
Managing Broker
Phone: 574.210.5800
Office: 574.891.8311
Presented by: Andrew Malott with Whitetail Properties Real Estate; Cell: 574-225-2699

Property Description

 

Rarely does a property offering this combination of size, income potential, recreational value, and improvements become available. This 215 acre property features income-producing acreage, quality wildlife habitat, multiple structures, and a comfortable country home, making it an excellent opportunity for a land investor, outdoorsman, or buyer seeking a private rural retreat. The property includes a 2-bedroom, 1-bath country home with recent updates including a new roof, siding, and windows. The Morton barn features small living quarters, providing additional space for guests, a hunting lodge, or a convenient basecamp. Multiple barns and outbuildings offer substantial storage and workspace for equipment, livestock, hobbies, and agricultural uses. Nearly the entire property is enrolled in the Conservation Reserve Program (CRP), generating more than $30,000 annually while providing excellent wildlife habitat. An additional 6.55 acres are tenant farmed in a corn and soybean rotation, adding another productive income component. Recreational opportunities are abundant. Approximately 7.5 acres are dedicated to food plots and strategic hunting locations, allowing for hunting opportunities across various wind directions and seasonal patterns. Multiple ponds and water sources are found throughout the property, including a stocked main pond. A secluded wetlands area provides excellent waterfowl habitat while also offering quality deer bedding cover. A natural drainage ditch adds additional cover and wildlife travel habitat. Boat access to the lake provides another recreational feature. The diverse habitat supports whitetail deer, turkey, quail, pheasant, ducks, geese, dove, and rabbits. CRP, food plots, mature cover, wetlands, ponds, agricultural ground, and varied terrain create an environment capable of attracting and holding wildlife throughout the year. A mowed trail system provides convenient access for hunting, recreation, maintenance, and property management while helping minimize disturbance to key areas. A mature walnut grove adds further diversity and appeal. With established food plots, wetlands, ponds, mature cover, trails, agricultural income, significant CRP income, and substantial improvements, this property offers a rare combination of income and recreation. Whether your goal is a private hunting destination, dependable land income, country lifestyle, or versatile investment, this 215 acre offering deserves serious consideration.


 

Interior Features

Bedrooms

1st Bedroom LevelUpper
1st Bedroom Width12 sqft
2nd Bedroom Length10 sqft
2nd Bedroom LevelMain
2nd Bedroom Width10 sqft
Above Grade Bedrooms2
Beds2
Below Grade Bedrooms0

Bathrooms

Below Grade Baths0
Full Baths Below Grade0
Full Baths Main1
Full Baths Upper0
Half Baths Below Grade0
Half Baths Main0
Half Baths Upper0

Kitchen

Kitchen Length10 sqft
Kitchen Width10 sqft

Other Interior Features

Total Finished SqFt1,090 sqft
Basement Y/NYes
Above Grade Finished SqFt1,090 sqft
Above Grade Unfin. SqFt0 sqft
Below Grade Finished SqFt0 sqft
Below Grade Unfin. SqFt80 sqft
Living/Great Rm LevelMain
BasementPartial Basement
Basement MaterialBlock

Other Rooms

Laundry Room Width6 sqft
Laundry Room Length6 sqft
Dining Room Length10 sqft
Dining Room Width10 sqft
Living Room Length10 sqft
Living Room Width10 sqft
Total Rooms8

General

Age126
Agent First NameAndrew
Agent Last NameMalott
Annual Taxes5925.86
AreaWabash County
Assoc. Dues FrequencyNot Applicable
Associated Document Count4
Auction Y/NNo
Bathrooms1
CitySilver Lake
ClassRESIDENTIAL
CoolingCentral Air
DOM37
Dining Room LevelMain
Elementary SchoolManchester
FIPS Code18169
FireplacesNo
Full Baths1
GarageDetached
Half Baths0
HeatingPropane, Forced Air
High SchoolManchester Jr/Sr
Kitchen LevelMain
Laundry Y/NMain
Legal DescriptionNW1/2 SW1/4 23-50-5 215AC DITCH 637
LocationRural
Middle SchoolManchester Jr/Sr
New ConstructionNo
REONo
School DistrictManchester Community
SewerSeptic
StatusActive
StatusActive
Status Detail0
StyleOne and Half Story
SubdivisionNone
Tax Year2026P2027
Total Sq Ft1,170 sqft
TownshipPleasant
TypeSite-Built Home
Virtual TourClick here
Water Access TypeLakefront
Year Built1900

Exterior

Approx. Lot Size Acres215 acre
DrivewayGravel
ExteriorAluminum, Metal, Shingle, Vinyl, Wood
FenceBarb Wire, Woven Wire
Garage Capacity1
Garage Length30 sqft
Garage SqFt420 sqft
Garage Width14 sqft
Garage Y/NYes
LakeOther
Lot DescriptionPartially Wooded, Rolling, Waterfront, Flood Plain, 15+, Lake, Waterfront-Level Bank, Waterfront-Medium Bank
Lot Dimensions3560 x 2650
Lot Size Area9,365,400 sqft
Off Street Parking Y/NYes
PoolNo
ROOF MATERIALMetal, Shingle
Road AccessCounty
Road SurfacePaved
Water FeaturesWalk to Lake Access
Water Frontage1
Water NameFlat Lake
WaterfrontLake
Waterfront Y/NYes
Well TypePrivate

Additional Details

Price History

Schools 

Elementary School Manchester Elementary School
High School Manchester Jr/Sr High School
Middle School Manchester Jr/Sr Middle School

  

Similar Properties

$2,000,000

2 Beds 1 Baths 1,090 SQFT 215.00 Acres
Type: Single Family

7404 W 1400 N
Silver Lake, IN 46982

MLS#: 202634549
Steve Smith
Steve Smith
Irish Realty
Managing Broker
Phone: 574.210.5800
Office: 574.891.8311

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