Here is a unique opportunity hitting the market. This partially wooded +/- 42 acre plot, houses a commercial building, a 5-bedroom farmhouse, a private stream running through the property, uncapped natural gas wells, and many desirable tree species including oak, ash, maple, cherry oak and more! This property has been contacted many times for oil companies to come and drill/extract the oil on the property. No drilling has been done, but the opportunity still awaits for the next buyer to take advantage of. The farmhouse has updated electrical service and is move-in ready with only preferred renovations on the list. The commercial building has opportunity galore waiting for the entrepreneur to get back up and running. Once home to a local favorite ice cream shop, the equipment and interior is still available/suited for a similar venture, or one of your own! It is a rarity to have a property have so many income potentials practically paying for the property itself. Between logging, fracking, local businesses, room for farm animals, and a 5-bedroom home to live in or rent out, the income this property has the potential to generate is just about limitless! Who will take advantage of this opportunity? Located on 417 just outside of Addison, there is no shortage of traffic flow passing this property every day. Schedule a tour of this unique property today and start creating generational wealth with your next real estate purchase!
2,100 Sq Ft
40.5 Private Acres Lot Size
single family home
$4,080 Annual Tax
Built in 1860
MLS/Listing ID R1648925
2 Stories
Style - Farmhouse
Refrigerator
Gas Water Heater
Electric Range
Electric Oven
Upper Level
Main Level
Main Level Primary
Country Kitchen
Entrance Foyer
Heating - Forced Air
Heating - Baseboard
Heating - Gas
Vinyl
Tile
Hardwood
Cooling - Window Units
Construction - Vinyl Siding
Style - Two Story
Parking - Driveway
Parking - No Garage
Lot - Wooded
Lot - Irregular Lot
Lot - Flood Zone Lot
TOTAL MONTHLY COST
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