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000 600 Road S

Waldron, IN 46182

PendingListed Sep 2, 2026 · 38 days on market

Key facts

Lot
160.43 acres
Type
Land · Farm
MLS #
22124038
County
Shelby
Subdivision
No Subdivision

About this home

This exceptional **160.33 acre property in Shelby County, Indiana**, is located just 8 miles from downtown Shelbyville and offers a rare opportunity to purchase the farm as a whole or in **four individual tracts**. The property combines highly productive tillable farmland, excellent road frontage, and a residential homestead with additional agricultural improvements, making it appealing to farmers, investors, recreational buyers, and those looking for a rural property close to Shelbyville. **Tract 1** contains approximately **53.20 acres**, including **47.23 tillable acres**, with an impressive **153.6 WAPI**. The tract has road frontage along both **600 South and 50 West**. Approximately 5 acres, including the residence, will be surveyed off and sold separately as Tract 4, leaving the remaining farmland as an efficient agricultural tract. **Tract 2** consists of **40 deeded acres** in a desirable square configuration at the intersection of **700 South and 50 West**. The tract contains approximately **38.29 tillable acres** and carries a strong **150.9 WAPI**, making it an excellent addition to a farming operation or a quality standalone investment. **Tract 3** offers approximately **60.13 acres**, with approximately **61.08 tillable acres** reported, and a **150.7 WAPI**. The tract has road frontage along **600 South** and provides a highly productive agricultural parcel with an efficient layout and excellent farming potential. **Tract 4** consists of approximately **2 acres**, to be surveyed from Tract 1, and includes the existing farmhouse, older barn, and the well located in the farm field to the west. The approximately **1,138-square-foot farmhouse** features **2 bedrooms and 1 bathroom** and would make a great fixer-upper or rural residence project. The property also includes an older barn that could provide useful space for livestock, equipment, storage, or a variety of other agricultural purposes. Whether purchased as one contiguous property o

Description provided by the listing brokerage.

Exterior

Other structures
Barn(s)

Systems

Sewer
Septic Needed

Lot and HOA

Zoning
Agriculture

Schools

School district
Shelby Eastern Schools

Taxes

Estimated annual tax
$6,252 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$11,303per month, estimated
Principal and interest $10,082Property tax $521Insurance $700
20% · $400,000
6.47%
Loan type
Loan term

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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Listed at$2,000,000
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