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Courtesy of Whitetail Properties Real Estate, Andrew Malott, Cell: 574-225-2699
2 Beds
1 Bath
1,090 sqft

$2,000,000

7404 W 1400 N, Silver Lake IN, 46982

Price per sqft$1,834.86
Built in1900
Property size1,090 sqft
Property typeResidential

Overview

Active

Updated 3 weeks ago

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.

$13,306/mo

Est. mortgage payment based on a $2,000,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202634549

Interior Features

Bedrooms
2
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
215 Acres

Other Property Details

Taxes
$5,926
Tax Frequency
Annually
Garage
Yes
Waterfront
Yes
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sandra Ginn shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 8/25/2026. 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.

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Data last updated 3:58 AM UTC, 8/25/2026

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