5200 CR 427 14.62+/- Acres of Divisible Land with Multiple Income Streams - Zoned R1 (Residential) Opportunity awaits on approximately 14.62+/- acres of versatile, divisible land in Auburn, IN. This property offers a unique combination of existing income, potential future development, and a quiet small-town setting, making it an attractive opportunity for investors, developers, or buyers looking for land with income-producing potential. The property currently provides two income streams: existing billboard income and farm income. The billboard offers advertising revenue, while the acreage provides additional income through agricultural use. This combination allows the property to generate income today while offering potential for future development or subdivision. City water and city sewer is available across the street, providing potential access to municipal utilities for future development, subject to verification and approval by the appropriate utility providers and local authorities. Located in Auburn, IN, a quiet community with a strong tourism presence and convenient access to local amenities, shopping, dining, major Rdways, and area attractions, this property offers both a peaceful setting and excellent accessibility. Subject to applicable zoning, development regulations, easements, and approvals. HIGHLIGHTS: 1. DIVISIBLE LAND LOCATED WITHIN AUBURN CITY LIMITS 2. SCHOOL DISTRICT = DEKALB COUNTY CENTRAL UNITED 3. ANNUAL TAXES (INCLUDING DITCH ASSESSMENT) = $371.64 4. 13.37+/- CROPLAND ACRES PER USDA FORM FSA-156EZ 5. CITY WATER AND CITY SEWER IS AVAILABLE ACROSS THE STREET