3188 Frontage Rd

Greensburg, IN 47240

$1,499,999
Price
2,698,106 / 61.94
Lot Size / Acres
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Description

Premier Development Opportunity - 62 Acres with Approved Building Sites and Private Lake This exceptional 62-acre property offers a rare investment and development opportunity just minutes from Interstate 74. With rezoning completed and infrastructure planning already in place, the property is positioned for immediate development. The property includes 10 approved building sites, each exceeding two acres and served by a private road, creating an ideal setting for an upscale rural residential development....Premier Development Opportunity - 62 Acres with Approved Building Sites and Private Lake This exceptional 62-acre property offers a rare investment and development opportunity just minutes from Interstate 74. With rezoning completed and infrastructure planning already in place, the property is positioned for immediate development. The property includes 10 approved building sites, each exceeding two acres and served by a private road, creating an ideal setting for an upscale rural residential development. The large lot sizes meet today's demand for estate-style homesites that provide privacy, recreation, and convenient access to nearby employment centers. A key feature is the professionally engineered 15-acre lake, designed to maintain consistent water levels and enhance both lot values and marketability. An additional 15.38 acres surrounding the lake is designated as common area, providing shared ownership and recreational access for all 12 lot owners. Established trails, abundant wildlife, and a scenic half-acre pond further enhance the property's appeal. The location provides excellent access to Interstate 74 and is conveniently situated near Greensburg, Indianapolis, Cincinnati, and major regional employers. Demand in the area remains strong among professionals seeking larger homesites and a rural lifestyle without sacrificing convenience. Also included is a well-maintained 2-bedroom, 1-bath home with an attached three-car garage, workshop, storage building, and shipping containers. These improvements offer potential for rental income, project headquarters, or caretaker housing during development. This property presents a unique opportunity to develop premium estate lots, create a private residential community, or hold as a long-term investment.
  1. Listed by Eric Richards • Landproz of Indiana, LLC
    P: (812)-662-3276 C: (317)-557-1376 ericrichards@landproz.com

Property Details for 3188 Frontage Road

Subdivision Name
No Subdivision
Township
Adams
Waterfront Features
Lake Privileges, Lake Front, Pond, Water Access, Water View, Waterfront
Waterfront
Yes
Zoning
A-2
LISTING UPDATED: 06/18/2026 06:21 PM

Property Details for 3188 Frontage Road

StatusActive
MLS #22108684
Days on Market8
Taxes$1,650 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand / Residential Lots
Year Built-
Lot Size61.94 AC
CountyDecatur County
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Location

Listing Courtesy of Landproz of Indiana, LLC
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Building Information for 3188 Frontage Road

Building Size-Lot Size61.94 AC

Payment Calculator

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$7,750 per month

30 year fixed, 6.36% Interest

Principal and Interest

$7,475

Property Taxes

$275

HOA Dues

$0

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Property Information for 3188 Frontage Road

Summary
Location and General Information
  • City: Greensburg
  • County Or Parish: Decatur
  • Directions: GPS Friendly
  • Postal Code: 47240
  • Road Access: County Rd
  • Road Frontage Type: County Road
  • State Or Province: IN
  • Topography: Pond,Sloping,Wooded
  • View: Yes
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 160620440001040001
  • Semi Annual Property Tax Amt: 1649.5
  • Tax Year: 2025
  • Additional Parcels Description: 16-06-20-440-001.020-001 16-06-20-440-001.030-001 16-06-20-440-001.040-001
  • TaxLot: 160620440001040001
  • Tax Block: 20
School Information
  • School District: Decatur County Community Schools
Property
Lot Information
  • Acreage: >20 Acres
  • Land Characteristics: Cul-de-Sac,Irregular Lot,Lake Front,Mature Trees,On Pond,Platted Subdivision,Rural,Rural In Subdivsion,Small Trees,Water Acces,Water View,Wooded
  • Lot Size Square Feet: 2698106.4
  • Lot Size Acres: 61.94
  • New Construction: False
  • Other Structures: Equipment Shed
  • Soil Type: Not Applic
Property and Assessments
  • Affected by Disclosures: No
  • Development Status: Plat Designed, Plat Recorded, Surveyed
  • Divisible: Yes
  • DPRYN: No
  • Legal Subdivision: Lots 1-12 Wisdom Lake Sub. PT NE 1/4 20-11-9 6.70 A. PT NE 1/4 SE 1/4 20-11-9 27.38A
  • Photos Count: 44
  • Present Zoning: Single Family
  • Property Sub Type: Residential Lots
  • Property Type: Land
  • Road Surface Type: Asphalt
  • Type: Undeveloped
  • Transaction Type: Sale
Utilities
  • Facilities Near: Electric
  • Facilities On: None
  • Sewer: Septic Needed
  • Solid Waste: No
  • Water: Well Required
Interior and Exterior Features
Exterior Features
  • Horse Amenities: None

Property History for 3188 Frontage Road

DateEvent & SourcePriceAppreciation
Jun 18, 2026

Listed (Active)

MIBORMLS #22108684

$1,499,999—
Aug 1, 2024

Expired

MIBORMLS #21962273

—
Feb 2, 2024

Listed (Active)

MIBORMLS #21962273

$1,650,000—
DateEvent & SourcePrice
06/18/2026

Listed (Active)

MIBORMLS #22108684

$1,499,999
08/01/2024

Expired

MIBORMLS #21962273

—
02/02/2024

Listed (Active)

MIBORMLS #21962273

$1,650,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3188 Frontage Road

Taxable ValueLand$36,700Additions$100,900Total$137,600
Tax Record2025$594 ($50 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,120 SqFtAbove Grade Finished SqFt1,120 SqFtStories2Lot Size108,464 SqFtStyleSingle Family ResidenceYear Built2005CountyDECATURAPN16-06-20-440-001.040-001Fireplace TypeHas Fireplace

Schools near 3188 Frontage Road

This home is within Decatur County Com Schools.
Rating
School
Type
Grades
Distance
North Decatur Elementary School
Public - K to 6
North Decatur Jr-Sr High School
Public - 7 to 12
Rating
School
Distance
North Decatur Elementary School
PublicK to 6

North Decatur Jr-Sr High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3188 Frontage Road, Greensburg, IN 47240

3188 Frontage Road is a 61.94 ac of land for sale in Greensburg, IN 47240. This property was listed for sale on June 18, 2026 by Landproz of Indiana, LLC, it's currently listed at $1,499,999. This listing's school district is Decatur County Com Schools. Nearby schools include North Decatur Elementary School and North Decatur Jr-Sr High School. 3188 Frontage Road is a 0-bed, 0-bath, 61.94 ac of land on a 2,698,106 sq. ft. / 61.94 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Landproz of Indiana, LLC

Based on information submitted to the MLS GRID as of 06/18/2026 06:21 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.