The Collis Property – Private Auction Opportunity on 3 Acres in Elwood, IN
✨ Private Auction – November 24, 2025 at 4:00 PM
Reference Name: Collis
Have you been waiting for the right opportunity to acquire a versatile country property with room to breathe, space to work, and the potential to shape your future? The Collis Property presents a rare and exciting opportunity to own a 3-acre homestead in Elwood, Indiana, with a combination of residential living space, functional outbuildings, and development potential—all offered through a private auction event on November 24, 2025 at 4:00 PM.
With its rich Midwestern charm, mature acreage, and practical layout, this property would make a fantastic home base for a variety of buyers, including:
- First-time homeowners looking to build equity with a little sweat
- Investors looking for a value-driven acquisition
- Hobby farmers or rural entrepreneurs
- Anyone seeking a home with storage, workspace, or workshop potential
This is not just a home—it’s an opportunity to live, grow, build, and create your own story.
📍 Property At-a-Glance
- Location: Elwood, IN (Subdivision: 500 Park Residences)
- Auction Date: November 24, 2025, beginning at 4:00 PM
- Reference Name: Collis
- Lot Size: 3.00 Acres
- Home Size: 1,274 Sq Ft (built in 1952)
- Bedrooms: 3
- Bathrooms: 1 Full Bath
- Garage: 1-car attached (1952), plus detached garage (built 1969)
- Outbuildings: Pole Barn (built 1979) and Detached Garage
- Price/Sq Ft: $8 (incredible value based on land and structures)
- Parcel Number: 480232300004000008
- No HOA or deed restrictions
- Cumulative Days on Market: 8 (as of October 20, 2025)
🏠 Residential Home Features
Originally constructed in 1952, this classic A-frame aluminum-sided residence reflects the style and simplicity of mid-century rural homes. While the home will require updates and some modernization, the structure offers 1,274 square feet of one-level living space with a functional floor plan, attached garage, and attic access.
Interior Features:
- Total Living Area: 1,274 Sq Ft
- Stories: Single-story ranch layout
- Main Level Bedrooms: 3
- Main Level Bathrooms: 1 Full Bath
- Attic Access: Yes (attic is not finished)
- Basement: None
- Foundation: “See Remarks” – Buyer to verify type and condition
- Heating/Cooling: Listed as “Other” – buyer will need to confirm operational status and systems
- Appliances Included: None – Blank slate for customization
Room Dimensions (all on main level):
- Primary Bedroom: 10×10 (100 sq ft)
- Bedroom 2: 10×10 (100 sq ft)
- Bedroom 3: 10×10 (100 sq ft)
- Living Room: 10×10 (100 sq ft)
- Kitchen: 10×10 (100 sq ft)
- Dining Area: 5×5 (25 sq ft)
- Laundry Nook: 2×2 (4 sq ft)
The home provides a solid structural shell that can be upgraded and customized to suit your lifestyle or investment goals. The rooms are modest in size but offer good flow and potential to open walls or reconfigure. It’s a great candidate for DIY renovation or full modernization.
🛠️ Outbuildings & Workshop Space
One of the most attractive features of the Collis Property is the collection of useful outbuildings that come with the home. These structures dramatically expand the utility and flexibility of the land and make this property ideal for storage, workshops, hobby farming, or even small business use.
🔨 Detached Garage (1969)
- Size: 24′ x 40′ (960 sq ft)
- Structure: Durable build with large bays
- Use: Ideal for parking, storage, or as a potential workshop
🐴 Pole Barn (1979)
- Size: 32′ x 40′ x 12′ (1,280 sq ft)
- Type: Bole barn construction (pole barn)
- Condition: Appears structurally sound; buyer to verify
- Use: Great for machinery, vehicle storage, animal shelter, or conversion into workspace
These buildings add over 2,200 square feet of additional space—a significant value addition. Whether you’re a collector, mechanic, woodworker, or simply need extra storage for vehicles or equipment, you’ll find these structures ready to serve.
🌳 Land, Lot, and Location
Sitting on 3 open acres, this property provides ample room for gardening, livestock, recreation, or future development. It’s a rare balance of privacy and proximity, offering a country setting without sacrificing access to town.
Lot Features:
- Size: 3.00 Acres (approx. 130,680 sq ft)
- Topography: Mostly level with some gentle grade
- Subdivision: Not in a restrictive subdivision despite name (500 Park Residences)
- Zoning: Residential – buyer to verify future uses
- Horse Amenities: None currently, but land could support them with minimal improvement
- Utilities: Water listed as “Other” – buyer to investigate well or city connection
There’s plenty of space for adding onto the home, creating a larger garden, building a greenhouse, installing solar panels, or even starting a home-based business (subject to zoning).
🌆 Community and Surroundings
The Collis Property is located in Elwood, Indiana, a quiet and close-knit community known for its rural charm, small-town pride, and affordability. Elwood offers convenient access to:
- Grocery stores, schools, and parks within 5–10 minutes
- Larger cities like Anderson, Noblesville, and Muncie all within a short drive
- Highways and interstates, allowing for easy commuting to Indianapolis or Kokomo
- Recreational opportunities, including local lakes, walking trails, and public lands
This region continues to attract buyers looking for affordable land, farm-style living, and multi-use properties—especially those with existing infrastructure like this one.
💸 Auction Details – Mark Your Calendar
This property is being offered at a private auction:
📅 Auction Date:
Monday, November 24, 2025
🕓 Time:
Begins promptly at 4:00 PM
📍 Location:
Details provided upon request (pre-registration may be required)
Reference Name: Collis
Parcel ID: 480232300004000008
Note: This auction format means that no prior listing price is published, and the final sale price will be determined based on buyer interest and bidding activity on auction day. Bidders must be pre-approved and may need to submit proof of funds or financing before bidding.
📝 Final Thoughts – A Rare Opportunity with Room to Grow
The Collis Property represents a unique combination of land, livable space, and outbuildings in a desirable rural-urban edge location. Whether you’re dreaming of a home with space to work and play, or you’re an investor looking for a flexible property at a great price, this 3-acre offering in Elwood deserves your attention.
With a solid house, valuable garages, and 3 acres to work with, this property will go to the highest bidder on November 24, 2025. Will it be you?
This is your chance to invest in freedom, land, and potential—not just square footage.
📞 Contact Today to Register for the Auction or Request a Property Walkthrough
Private showings available prior to auction.
All bidders must be approved.
Call or email for full auction terms, bidding instructions, and property reports.
From Zillow
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