# 1.54 ac 5th Avenue, Spencer, IN 47460

> **TL;DR:** land, $57,500. Est. $308/mo. Listed 89 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $57,500 |
| Lot Size | 67,082 sqft (1.54 acres) |
| Property Type | Land (Other) |
| Status | Active |
| Days on Market | 89 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $291 |
| Estimated Insurance | $17 |
| **Total** | **$308** |

## Nearby Schools

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

## Property Highlights

- 1.54 acre lot

## Description

### Agent Description
Strategically located on the west end of Spencer, this 1.54-acre parcel offers excellent visibility and accessibility. Zoned BLM1 (Business Light Manufacturing), the property sits adjacent to well-known national retailers Wendy's and O'Reilly Auto Parts, making it an ideal site for retail, service, or light industrial development. High traffic area with strong potential for growth.

## Location

- **Address:** 1.54 ac 5th Avenue, Spencer, IN 47460
- **County:** Owen
- **Neighborhood:** No Subdivision
- **Coordinates:** 39.28651583, -86.77424673
- **Google Maps:** https://www.google.com/maps?q=39.28651583,-86.77424673

## Listing Agent

- **Name:** Christopher Wesley
- **Brokerage:** RE/MAX SELECT ASSOCIATES (SPENCER)
- **Broker Phone:** (812) 828-5310
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/5th-Ave_Spencer_IN_47460_M32441-55118?f=listhub&s=MIBORIN&m=22118229&c=propsimple)

## Photos

![1.54 ac 5th Avenue - Photo 1](http://lh.rdcpix.com/5f8b916f59d57dd31596b189e83d77cfl-f3065411385r.jpg)

---

**MLS#:** 22118229 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Broker Listing Cooperative®. 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://staging.propertysimple.ai/listing/1-54-ac-5th-avenue-spencer-in-47460-d4e952c81a114453864d9dd90c6e0ec6)

---

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