Key facts
- Lot
- 1.54 acres
- Type
- Land · Unimproved Land
- MLS #
- 22118229
- County
- Owen
- Subdivision
- No Subdivision
About this home
Strategically located on the west end of Spencer, this 1.54-acre parcel offers excellent visibility and accessibility. Zoned BLM1 (Business Light Manufacturing), the property sits adjacent to well-known national retailers Wendy's and O'Reilly Auto Parts, making it an ideal site for retail, service, or light industrial development. High traffic area with strong potential for growth.
Description provided by the listing brokerage.
Exterior
- Other structures
Systems
- Sewer
Lot and HOA
- Zoning
- BLM
Schools
- Elementary school
- Spencer Elementary School
- Middle school
- Owen Valley Middle School
- High school
- Owen Valley Community High School
- School district
- Spencer-Owen Community Schools
Taxes
- Estimated annual tax
- $1,238 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
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