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For sale: Undeveloped piece of Hilbert property

January 17, 2007
Conseco Inc. has put up for sale 49 undeveloped acres in Carmel once owned by former CEO Stephen Hilbert and his wife, Tomisue.
 
The property at the southwest corner of 116th Street and Spring Mill Road was snagged by the Carmel financial services company in a legal settlement with its co-founder. It does not adjoin the Hilbert mansion, which Conseco also is trying to sell. The mansion’s value has been estimated at $20 million.
 
The field, where Indianapolis Colts owner Jim Irsay has landed his helicopter, will be sold by sealed bid as quickly as possible, said the listing brokers, Tom Osborne, R.J. Rudolph, both of whom are principals in the Indianapolis brokerage Resource Commercial Real Estate LLC. A date has not been set for receiving bids.
 
Osborne and Rudolph said they would be disappointed if the property doesn’t fetch at least $10 million.
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