About This Home

This 2-bedroom, 1-bathroom single family at 7404 W 1400 N in Silver Lake, IN is listed for $2,000,000 ($1,835 per sqft). Built in 1900, the home offers 1,090 sqft of living space on a 215.00 acres lot.

Key Features

  • Built in 1900
  • 215.00 acre lot
  • Waterfront

Property Details

1 story
1 full
1-car garage
1900

Amenities

WaterfrontA/C
Listing Description

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.

Monthly Cost Estimate

$10,696/mo

20% down · 6.5% · 30 years

Principal$1,446
Interest$8,667
Insurance$583

Estimates only. Actual payments may vary.

Location

7404 W 1400 N

Silver Lake, IN 46982

Property Details

Cooling

Central Air

Questions & Answers

This 2-bedroom, 1-bathroom single family at 7404 W 1400 N is listed at $2,000,000 ($1,835/sqft). The estimated monthly payment is $10,696 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 215.00 acre lot, Waterfront.

This property is listed by Andrew Malott.

AM

Andrew Malott

Agent at William Minor

Listed by William Minor · Broker phone: (317) 446-9500

MLS# 202634549· Source: Indiana Uplands Realtor® Association· 67 days on PropertySimple

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.

7404 W 1400 N, Silver Lake, IN 46982

Open this listing in: