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12501 N State Road 49

Wheatfield, IN 46392

68 beds
– baths
64,878 sqft
~101 acre lot
$60 per sqft
1985 build
– on site

Rare opportunity to own over 100 acres with 29 structures and nearly 100,000 sq ft under roof, including 8 large homes, gymnasium with regulation basketball court and workout room, chapel, equine facility with indoor riding arena, event/education center, cafeteria with dining hall, activity center/cafe, and so much more! Features include a 3.5-acre sandy bottom stocked pond with pier, trails with ropes/challenge course, sports courts, fenced pastures, and beautiful wooded and open areas (some rolling) with natural wildlife. Significant infrastructure upgrades throughout including fiber internet, hybrid public sewer system, and multiple utilities. Just 20 minutes from Valparaiso, this one-of-a-kind property offers endless potential for retreat center, camp, equine facility, shared living, Airbnb/VRBO, event venue, training center, or private family compound. Must see to appreciate the scale and versatility of this remarkable property. Owner willing to divide for the right buyer! Property is occupied, alarmed and under surveillance. Entry is not permitted without scheduling and receiving confirmation of such in advance.

Listing courtesy of NIRA / Blackrock Real Estate Services

Last checked: Checking… • Last updated Apr 26, 2025 •

MLS# 819726 —

The Building

Year Built:

1985
New Construction:

false
Accessibility Features:

Accessible Approach with Ramp, Accessible Doors, Accessible Bedroom
Security Features:

Fire Alarm, Other, Smoke Detector(s), Security System, Security Lights
Levels:

Other
Basement:

false
Above Grade Finished Area:

64878

Interior

Room Type:

Other Room
Interior Features:

Ceiling Fan(s), Open Floorplan, Other, Entrance Foyer
Fireplace:

true
Fireplaces Total:

2
Fireplace Features:

Family Room, Wood Burning, Other
Laundry Features:

Electric Dryer Hookup, Washer Hookup, Sink, Main Level, Lower Level, Laundry Room, Gas Dryer Hookup

Room Dimensions

Living Area:

64878
Living Area Source:

Estimated

Location

Directions:

Take route 49 to the property, located on east side of Route 49.
Latitude:

41.196047
Longitude:

-87.043968

The Property

Parcel Number:

371730000007000023
Property Subtype:

Single Family Residence
Property Attached:

false
Lot Features:

Few Trees, Paved, Wooded, Private, Landscaped
Lot Size Acres:

101.28
Lot Size Square Feet:

4411757
Lot Size Source:

Assessor
Additional Parcels:

false
View:

Meadow, Trees/Woods, Rural, Pond, Park/Greenbelt
Exterior Features:

Fire Pit, Other, Lighting
Waterfront:

true
Waterfront Features:

Pond

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

338
Tax Assessed Value:

2330900
Tax Legal Description:

PT NW 30 32 5, 101.28A

Beds

Total Bedrooms:

68

Heating & Cooling

Heating:

Central, Zoned, Propane, Hot Water, Forced Air

Utilities

Utilities:

Cable Available, Propane, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
Electric:

Other
Sewer:

Other, Public Sewer, Septic Tank
Water Source:

Well

Appliances

Appliances:

Built-In Gas Range, Water Softener Owned, Washer, Stainless Steel Appliance(s), Refrigerator, Range Hood, Other, Microwave, Gas Water Heater, Gas Cooktop, Freezer, Electric Range, Dryer, Dishwasher

The Community

Subdivision Name:

None
Pool Features:

None
Association:

false

Parking

Garage:

true
Garage Spaces:

7
Parking Features:

Additional Parking, Paved, Detached, Heated Garage, Gravel, Garage Door Opener, Driveway, Attached

Monthly cost estimate

Asking price

$3,899,900

Expense	Monthly cost
Mortgage	$20,882
Taxes	$28
Insurance	$1,072
Utilities	N/A
Total	$21,982/mo.^*
	^*This is an estimate

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This house located in Wheatfield, IN 46392 is currently for sale for $3,899,900. 12501 N State Road 49 is a 64,878 square foot house with 68 beds and – baths that has been on Estately for 5 days. This house is in the attendance area of Kankakee Valley High School.

Listing Courtesy of: NIRA and Blackrock Real Estate Services.

Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS® Association, Inc. All rights reserved. The information provided is exclusively 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. All information provided is deemed reliable but is not guaranteed and should be independently verified.