Land for Sale - 1518 South 250 West, Albion, IN 46701 - 36.46 acres

LAKE FRONT PROPERTY AUCTION - 36.45+/-ACRES - IN 3 TRACTS IN NOBLE CO, IN

1518 South 250 West, Albion, IN | Lat/Lng:  41.3314, -85.4710

Auction
36.46 ac.
08/13/2026
ACTIVE
Main Listing ImageMain Listing Image

Description

PROPERTY DESCRIPTION Lake access lots on the undeveloped Marl Lake! This 36.45+/- acre property is offered in 3 tracts along South 250 West, just minutes from Wolf Lake, Indiana, & presents an outstanding combination of lake access, rolling farmland, timber & build site potential. Tracts 1 & 2 offer access to Marl Lake an undeveloped 29/- acre natural lake that provides a rare & peaceful setting for those looking to build a lakeside retreat or country home, w/driveway permits already approved through the Noble County Highway Department for all 3 tracts. Tract 3 rounds out the offering w/access to 5+/- acres of timber, creating excellent hunting & recreational opportunities. The property carries 26.4+/- FSA tillable acres currently in cash crop production, offering income potential & farming rights transferring to the new owner beginning in 2027. Whether you are a farmer looking to acquire tillable land, an investor seeking land w/long-term upside, or a buyer ready to build your dream property on the water, this offering has something for everyone. Do not miss your chance to bid on the tract or combination that fits your goals! TRACT DESCRIPTIONS Tract 1: 16.4± ac Featuring access to Marl Lake & a peaceful setting along South 250 West. This is the largest tract in the offering & presents an outstanding opportunity for the buyer looking to secure a potential scenic lakeside build site w/ productive tillable land. A driveway permit has been approved through the Noble County Highway Department, making this tract nearly ready for your build timeline. Consider combining w/Tract 2 for a contiguous 26.45+/- acre lakeside holding. Tract 2: 10± ac Offering exceptional Marl Lake access & providing a more manageable parcel for the buyer seeking a potential lakeside build site. The tract is currently in cash crop production. A driveway permit has been approved through the Noble County Highway Department. Tract 2 sits directly adjacent to Tract 1, making it an ideal addition for the buyer looking to maximize their lake frontage & overall acreage. Consider combining w/Tract 1 for a contiguous 26.45+/- acre lakeside parcel. Tract 3: 10± ac Offering a mix of tillable land & natural recreational land, w/access to 5+/- acres of timberland. The wooded acreage provides excellent hunting potential & natural habitat, w/Indiana DNR property bordering the tract to the east, adding a layer of privacy. As an added bonus, Williams Lake public access is located directly across the road, putting additional water recreation right at your doorstep. A driveway permit has been approved through the Noble County Highway Department. Consider combining w/Tract 2 for a larger contiguous holding w/lake access.

Details

CountyNoble
Zipcode46701
Property Type OneFarms
Property Type TwoRecreational Property
Property Type ThreeHunting Land
BrokerageSchrader Real Estate and Auction Company, Inc
Brokerage Linkwww.schraderauction.com
Apn571910400002000009
Land Listing Agent Photo
Schrader Inc
Schrader Real Estate and Auction Company, Inc
(800) 451-2709
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