Listed for sale is nearly 40 acres of quality farmland located on the east side of Lebanon on State Road 32. This farm is made up of productive soils consisting of silt loam & silty clay loam with an average NCCPI (National Commodity Crop Productivity Index) of 73.03. Currently, this farm is in a corn & soybean crop rotation, and there is a tenant in place who manages the farming operations on a year-by-year basis. This cash rent lease arrangement provides the new owner an opportunity for yearly income and to continue the current agreement. In addition to the farmland, the property includes a 3,724 sq. ft. one and a half story home. This home features 3 bedrooms, 3 bathrooms, an attached two car garage, a bonus room, and a loft area that currently acts as an office space, a fenced back yard and a large front porch. The ample amount of space that his home offers, inside and out, provides a comfortable living environment. While the house could benefit from some updates and renovations, it has the potential to become a beautiful and spacious modern farmhouse with an upgraded interior. With some investment and improvements, the house could be transformed in a desirable living space! This home is being sold as is! This property offers great road frontage as it sits right on State Road 32. State Road 32 provides access to major travel routes making your commute to work that much easier! This farm is located just a few miles from Lebanon which offers plenty of amenities such as restaurants, shopping, and entertainment. Overall, this property offers the opportunity to own a size-able piece of quality farmland with productive soils, along with a house that has the potential to be renovated into a charming and spacious modern farmhouse!