Elwood Land for Sale

Welcome to Elwood, Indiana—a charming city nestled in the heart of Madison County, where small-town charm meets modern convenience. Known for its rich history and vibrant community spirit, Elwood offers a unique blend of friendly neighbors, scenic landscapes, and a welcoming atmosphere that makes it an ideal place to call home.

Elwood is steeped in heritage, with its roots tracing back to the late 1800s. The city is renowned for its historical architecture, including the iconic Elwood Opera House and beautifully preserved homes that tell stories of yesteryear. With a population that values community and connection, residents enjoy a variety of local events, parks, and recreational activities that foster a tight-knit community feel.

For those looking to invest in land, Elwood presents exciting opportunities. With parcels of land for sale, you can create your dream home or develop a project that contributes to the growth of this thriving city. The available land is situated in a prime location, offering easy access to local amenities, schools, and parks, making it perfect for families and individuals alike. Whether you envision a spacious backyard for your family or a cozy retreat surrounded by nature, Elwood’s land options cater to diverse needs and aspirations.

Embrace the chance to become part of this delightful community. With its rich history, friendly atmosphere, and promising land opportunities, Elwood, Indiana, is ready to welcome you home. Explore the possibilities today and start your journey in this hidden gem of Madison County!

Newest Elwood Land for Sale

$125,000

Commercial lot: 1.75 acres, L-shaped. Land has been leveled and is ready for construction. The property boundaries extend straight back to the railroad track. The full concrete pad at the back of the land is owned by the seller and included; however, the block building behind the property is excluded, as it belongs to another owner.

501 S A Street, Elwood

Listing courtesy of Diana Dunham. Keller Williams Indy Metro NE

$15,000

The property comprises two city lots, which are being sold together as a single offering. These lots are positioned at the corner of North 11th Street and North "N" Street, providing a prominent and accessible location within the city. Together, the two lots encompass a combined area of 8,400 square feet, which equates to approximately 0.20 acres. This generous amount of space presents various possibilities for non-residential use. The corner location of the property is advantageous, as it allows for easier access. This feature is especially beneficial for those looking to construct a garage, barn, or personal storage structure. The space may also be used for equipment storage or as a workspace, making the property a practical choice for individuals seeking utility and convenience. It is important to note that building a home on this lot is not permitted. The prohibition is due to low water pressure in the area, which prevents residential construction. As a result, the property is best suited for non-residential purposes.

849 N 11th Street N, Elwood

Listing courtesy of Diana Dunham. Keller Williams Indy Metro NE

$99,900

Unlock the potential of this prime 1.83-acre parcel perfectly situated along State Road 28. Located just east of State Road 37 and minutes from downtown Elwood, this vacant lot offers an exceptional development opportunity with a steady, continuous flow of traffic. Whether you are looking to establish a new business footprint, store equipment, or capitalize on strategic highway frontage, this parcel delivers the exposure and accessibility your project demands.

State Road, Elwood

Listing courtesy of Jonathan Ash. Arc Realty

$724,900

Prime Development Opportunity! Exceptional corner location featuring 3 parcels totaling 22.214 scenic acres. This property is not being sold simply as farm ground. The true value lies in its immense development potential and close proximity to the city. Boasting excellent road frontage and optimal visibility on a high-potential corner, this acreage offers a blank canvas for future growth, residential partitioning, or a signature estate. Don't miss out on a strategic land investment positioned directly in the path of progress!

N STATE ROAD 13, Elwood

Listing courtesy of Jonathan Ash. Arc Realty

$20,000

Great location to build your next home. Quiet area close to town and schools. The lot has municipal water, sewer and gas available at the lot. Minimum size home that can be built is 1500 square feet for a one story home and 2200 square feet for a 2-story home. Home to be constructed by Custom Design Homes, Inc. Other lots are available to choose from.

1301 N 8th Street, Elwood

Listing courtesy of Randy Gerber. Premier Properties of IN, Inc.

$20,000

Great location to build your next home. Quiet area close to town and schools. The lot has municipal water, sewer and gas available at the lot. Minimum size home that can be built is 1500 square feet for a one story home and 2200 square feet for a 2-story home. Home to be built by Custom Design Homes, Inc. Other lots are available to choose from.

1305 N 8th Street, Elwood

Listing courtesy of Randy Gerber. Premier Properties of IN, Inc.

$20,000

Great location to build your next home. Quiet area close to town and schools. Lot has municipal water, sewer and gas available at the lot. Minimum size home to be 1500 square feet for a one story and 2200 square feet for a 2-story. Home to be constructed by Custom Design Homes, Inc. Other lots are available to choose from.

1313 N 8th Street, Elwood

Listing courtesy of Randy Gerber. Premier Properties of IN, Inc.

$62,000

Build your dream home on the last vacant lot on the front 9 of Elwood Golf Links! Sitting at just under an acre, this property offers the perfect blend of country and convenience. Enjoy the peaceful setting while still being just minutes from everything Elwood has to offer. The backyard adjoins directly to Elwood Golf Links, giving you scenic views with no rear neighbors. Opportunities like this don't come around often - secure your slice of land in a prime location and start planning your future build today!

W 1050 N, Elwood

Listing courtesy of London Leavell. Greenside Realty Group

$15,000

This platted lot offers approximately 40x147 in size and is located in Elwood Community School District. The property is situated within a FEMA-designated AE flood zone (Special Flood Hazard Area). Development may be possible with proper planning, elevation, and compliance with local and state requirements. Buyers are encouraged to verify floodplain requirements, utility availability, and building potential with the city and appropriate authorities. Property is being sold as-is. Buyer to perform all due diligence.

N 14th Street, Elwood

Listing courtesy of Angela Remter. Keller Williams Indy Metro NE

$15,000

Versatile 0.21-acre residential lot available in an established Elwood neighborhood! Featuring 65.4' of frontage and 140' of depth, this level parcel offers a paved-access site with electricity available at the street. Please note: Due to city infrastructure limitations, there is currently insufficient water pressure for residential home construction. This makes the lot a perfect opportunity for non-residential creative uses. It is an ideal site for a private garden, a spacious secondary yard for a nearby neighbor, or the construction of a detached garage or hobby workshop (buyer to verify local zoning and permitting requirements for accessory structures). Whether you need extra storage or a personal outdoor retreat, this affordable lot provides excellent potential. Sold as-is.

N E Street, Elwood

Listing courtesy of Angela Remter. Keller Williams Indy Metro NE

$15,000

Build opportunity in Elwood! This flat 0.13-acre residential-zoned lot is currently being farmed and will require a flag survey to clearly mark boundaries. The parcel has been verified as buildable by the county, making it a great option for new construction. Previously improved with a home removed around 2014, utilities were historically present at the site. Buyer to verify current availability, connection status, locations, and any associated tap or hookup fees. Conveniently located near schools, parks, and downtown amenities. Ideal for a single-family home. Concept rendering shown for inspiration only-home not currently constructed. Bring your own builder or explore build-to-suit options.

N Eighth Street, Elwood

Listing courtesy of Angela Remter. Keller Williams Indy Metro NE

$15,000

VACANT LOT WITH ALLEY ACCESS - FLOOD PLAIN - DEVELOPMENT OPPORTUNITY Vacant 40' x 147' lot with rear alley access, offering potential for new construction with proper planning. Property is located within the 100-year flood plain and is best suited for buyers experienced with flood zone development, elevation requirements, or alternative land use. Ideal for elevated construction such as raised crawlspace or fill-pad design.

N J Street, Elwood

Listing courtesy of Angela Remter. Keller Williams Indy Metro NE

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Elwood Land for Sale

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