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5501 N 200 W, Lebanon, IN 46052

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For Sale
Sale Pending

$499,000

18.21 acres

Estimated Payment

$ 2,563 /mo. †

6.65% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • 18.2 acres
    Lot size

Explore this Property

Impressive investment opportunity located less than 2 miles from the new Eli Lilly production facility in Lebanon, IN. Approx 18 acres of tillable land, currently leased to a farmer through 2025. Adjacent 9 acre parcel is also for sale. Don't wait for this area to appreciate as Lilly and the LEAP Lebanon Innovation District develop, now is the time to acquire farm land at an affordable price.
MLS# 22023180

Courtesy Of CENTURY 21 Scheetz

(317) 844-5111

Property Features

  • Architecture Style
    Other
  • Lot Size
    18.21 Acres

Map and Directions

Directions to 5501 N 200 W, Lebanon, IN 46052

Home seller CENTURY 21 Scheetz

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Scheetz

(317) 844-5111
Learn More About Us

Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $2,563
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $2,563

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Thorntown Elementary School

Grades PK-6 Public School

Thorntown, IN 46071 5.5 miles
200 w mill st

452 total students
21:1 Student teacher ratio

School Rating: B+

School Details

Western Boone Jr-sr High School

Grades 7-12 Public School

Thorntown, IN 46071 7.3 miles
1205 n state road 75

840 total students
18:1 Student teacher ratio

School Rating: C

School Details
Other Nearby Schools Distance Type Grades School Rating
Harney Elementary School 4.4 miles Public KG-5 C-
Lebanon Middle School 4.7 miles Public 6-8 C+
James E Davis School 4.7 miles Private 8-12
Lebanon Senior High School 4.8 miles Public 9-12 B+
Central Elementary School 5.3 miles Public KG-5 B

Harney Elementary School

Distance: 4.4 miles

Type Public

Grades: KG-5

C-

Lebanon Middle School

Distance: 4.7 miles

Type Public

Grades: 6-8

C+

James E Davis School

Distance: 4.7 miles

Type Private

Grades: 8-12

Lebanon Senior High School

Distance: 4.8 miles

Type Public

Grades: 9-12

B+

Central Elementary School

Distance: 5.3 miles

Type Public

Grades: KG-5

B

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Lebanon, IN 46052

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Lebanon, IN 46052

This community’s employment is highest in the transportation and administrative support industries. The area’s overall household expenses are above the national average.

86° July
Hottest Average Month
17° January
Coldest Average Month
10,376 Total Households in Area
5.4% Increase in population since the year 2010
30.8%
of households
have children
22 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Lebanon, IN 46052

Lebanon, IN 46052 has a population of 24,699 people in 10,376 households with a median age of 39.6 years old.

5.4%
Increase in population
since the year 2010
Population is Trending up
9,678
Total households as of 2010
7.7%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 39.6 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 90%
Hispanic 4%
Other 1%
Black 1%
Asian <1%
Native American <1%
The most prevalent ethnicity is White at 90%, followed by Hispanic at 4%, Other at 1%, and Black at 1%.

Economics
for Lebanon, IN 46052

143 /sq mi
Population Density
$69,928 /yr
Median Household Income
$275,312
Median Sales Price
22 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 20.13% of the households.

Transportation to Work

  • Drive 85%
  • Work from Home 11%
  • Walk or Bike 5%
  • Public Transit 0%

Occupancy by Type

Owned 7,730 70%
Rented 2,646 24%
Vacant 717 6%

White vs Blue Collar Jobs







White Collar 69%
Blue Collar 32%

Family & Education Facts
for Lebanon, IN 46052

39.6 Median Age

Average Household Size

2.3
persons per
household

51.4%

Married Households

Community Population By Education

High School Graduate 29%
Bachelors Degree 21%
Some College 20%
Associates Degree 13%
Some High School 9%
Graduate Degree 7%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 29.26% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
30.8% of households have children

Weather
for Lebanon, IN 46052

The weather for this area ranges from a high of 86° F in July to a low of 17° F in January

86° July
Hottest Average Month
17° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
17°
34°
Feb
20°
38°
Mar
29°
49°
Apr
39°
62°
May
50°
73°
Jun
59°
82°
Jul
62°
86°
Aug
60°
84°
Sep
53°
78°
Oct
41°
66°
Nov
31°
50°
Dec
22°
38°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Lebanon, IN 46052!
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An Equal Opportunity Company

Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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