# 2 Lots Morgan Street, Spencer, IN 47460

> **TL;DR:** land, $295,000. Est. $1,578/mo. Listed 49 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $295,000 |
| Lot Size | 17,424 sqft (0.40 acres) |
| Property Type | Land (Other) |
| Status | Pending |
| Days on Market | 49 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,492 |
| Estimated Insurance | $86 |
| **Total** | **$1,578** |

## Nearby Schools

- **Elementary:** Spencer
- **Middle:** Owen Valley
- **High:** Owen Valley

## Property Highlights

- 0.40 acre lot

## Description

### Agent Description
Excellent commercial opportunity in Spencer! This approximately 0.42-acre parcel offers a highly visible location along Morgan Street/SR 46/SR 67/US Hwy 231, providing strong traffic exposure and easy access for a variety of commercial uses. The property offers excellent potential for retail, office, service-based businesses, or other commercial development. Water, sewer, natural gas, and electric are available on or at the street. With its prominent location, highway visibility, available utilities, and convenient access, this property provides an excellent opportunity for an owner-user, investor, or business looking to establish a presence in Spencer.

## Location

- **Address:** 2 Lots Morgan Street, Spencer, IN 47460
- **County:** Owen County
- **Coordinates:** 39.2855, -86.7736
- **Google Maps:** https://www.google.com/maps?q=39.2855,-86.7736

## Listing Agent

- **Name:** Chris Wesley
- **Brokerage:** Peek & Associates RE & Mgt Co LLC
- **Broker Phone:** (812) 325-5638

## Photos

![2 Lots Morgan Street - Photo 1](http://lh.rdcpix.com/aaabebbab1243eb3363d291a1b951ffel-f2044682178r.jpg)

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**MLS#:** 202637905 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/2-lots-morgan-street-spencer-in-47460-32ebf9ea375145e0a055cf5f9aa57264)

---

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