7404 W 1400 N
Silver Lake, IN, 46982 $ 2,000,000
Bedrooms2 Baths1.0 Sq 1,090 Monthly Estimate*
$ 12,628
for $2,000,000 with 2 bedrooms and 1 full bath. This 1,090 square foot home was built in 1900 on a lot size of 215.
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.
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FeaturesGeneralSewer Septic
Heating Propane Forced Air
Kitchen Level Main
Cooling Central Air
Laundry Y/N Main
Fireplaces No
Water Access Type Lakefront
Garage Detached
Status Active Active
Full Baths 1
Half Baths 0
Bathrooms 1
Year Built 1900
New Construction No
Subdivision None
Style One and Half Story
Township Pleasant
Class RESIDENTIAL
Type Site-Built Home
Age 126
REO No
Status Detail 0
Dining Room Level Main
Area Wabash County
Location Rural
High School Manchester Jr/Sr
City Silver Lake
School District Manchester Community
Total Sq Ft 1170
Elementary School Manchester
Middle School Manchester Jr/Sr
Legal Description NW1/2 SW1/4 23-50-5 215AC DITCH 637
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202634549
Agent First Name Andrew
Agent Last Name Malott
DOM 0
Tax Year 2026P2027
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ExteriorRoad Surface Paved
Road Access County
Exterior Aluminum Metal Shingle Vinyl Wood
Water Frontage 1
Driveway Gravel
Pool No
Waterfront Lake
Garage Length 30
Garage Width 14
Lot Size Area 9365400
Lot Dimensions 3560 x 2650
Lot Description Partially Wooded Rolling Waterfront Flood Plain 15+ Lake Waterfront-Level Bank Waterfront-Medium Bank
Fence Barb Wire Woven Wire
Water Features Walk to Lake Access
Garage Capacity 1
Lake Other
Waterfront Y/N Yes
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InteriorBasement Partial Basement
Beds 2
Total Rooms 8
Dining Room Length 10
Dining Room Width 10
Living Room Width 10
Living Room Length 10
Full Baths Main 1
Full Baths Upper 0
Above Grade Bedrooms 2
Below Grade Baths 0
Below Grade Bedrooms 0
Full Baths Below Grade 0
Half Baths Below Grade 0
Half Baths Main 0
Half Baths Upper 0
1st Bedroom Level Upper
1st Bedroom Width 12
2nd Bedroom Length 10
2nd Bedroom Level Main
2nd Bedroom Width 10
Basement Material Block
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* Excluded FeaturesList ByAndrew MalottListing Agent
Whitetail Properties Real EstateBroker
andrew.malott@whitetailproperties.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $12,628
- Monthly Property Taxes
- $494
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Silver Lake, IN
Average List Price $269,931
Percent of Sale Price 87%
About Silver Lake, IN 775 Population
-7% Since 2002
$ 56,597 Median Income
38.69 Median Age
34% Households with Children
Trends Information provided by ATTOM Data Solutions.
1237305 Elementary School
5381130 Middle School
Manchester Jr/Sr High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/24/2026 | $2,000,000 | | Listed Price |