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375 W North

Anderson, IN 46012

PendingListed Oct 10, 2026 · 5 days on market

Key facts

Lot
11.69 acres
Type
Land · Farm
MLS #
22130938
County
Madison
Subdivision
No Subdivision

About this home

Here's a flexible piece of Madison County land in the Frankton-Lapel Community School district. The offering is two parcels totaling 11.69 acres in Lafayette Township, with frontage on N 300 W and W 375 N just northwest of Anderson. Both parcels are level, open, and currently classified as farmland, so you have options from day one. Keep the ground in production and collect income from a cash rent or farming arrangement. You can also hold it as a long-term land investment, or plan for the future. With proper zoning approval, this acreage could become a homesite with room to breathe, a hobby farm with space for gardens, animals, and outbuildings, or a combination of the two. Good road frontage and level topography make it easy to picture a driveway and a building pad, and electricity and water are noted along the 300 W parcel. Tillable land with frontage in this school district rarely comes to market. Whether you're an investor looking for steady returns or a buyer ready to build a rural lifestyle, these 11.69 acres give you room to do both. Parcel details 6.05 acres, 0 N 300 W (48-08-27-200-005.000-017) 5.64 acres, 0 W 375 N (48-08-27-200-003.000-017) Buyer to verify zoning, permitted uses, utilities, well and septic feasibility, and any building requirements with Madison County.

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Sewer
Not Applicable

Lot and HOA

Zoning
ag

Schools

Middle school
Lapel Middle School
School district
Frankton-Lapel Community Schools

Taxes

Estimated annual tax
$478 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,010per month, estimated
Principal and interest $907Property tax $40Insurance $63
20% · $36,000
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$180,000
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