Exceptional investment opportunity awaits in this expansive 41-acre property, featuring prime commercial frontage in a thriving professional district. This rare offering includes a classic 1940s home with 3 bedrooms and 2 bathrooms, spread across a comfortable 1,700 square feet of living space. The property boasts an impressive 400 feet of road frontage along Dixon Road, perfectly positioned adjacent to Kokomo High School and surrounded by established medical, dental, and financial offices.
The land presents unlimited potential, comprising three separate parcels that extend a half-mile deep, with a desirable corner lot in the Green Tree subdivision. The existing residence offers immediate rental income potential while you plan your development strategy. Currently equipped with a functional well, septic system, and electric service, the property also has the advantage of available city water and sewer connections. The strategic location, combined with the property's substantial acreage and existing infrastructure, makes this an unmatched opportunity for visionary investors or developers looking to make their mark in a rapidly growing area.