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Map

Directions

North on State Road 1 to the 4 way stop in Leo. Continue on 1 and the building will be on the left right before you leave Leo.

Description

Unique Mixed-Use Opportunity in the Heart of Leo! Located in the town center of Leo, 15027 State Road 1 offers a versatile property with endless possibilities for an investor, business owner, or owner-occupant. The second floor features a two-bedroom, one-full-bath apartment with cathedral ceilings, providing immediate residential use or rental income potential. The main level offers flexible commercial space ideal for retail, professional office, studio, or service-based use. For those looking to maximize the property’s residential potential, the main floor could also be renovated into an additional apartment, creating a potential multi-unit investment opportunity. Outside, the property includes a detached two-car garage and a small side yard, adding valuable storage, parking, and outdoor space. With its central Leo location and combination of residential and commercial possibilities, this property offers a unique opportunity to create a space that fits a variety of needs!

Details

  • Property Details

  • MLS #:
    202632418
  • Price
    $210,000
  • Bedrooms
    2
  • Baths Total
    2
  • Full Baths
    1
  • Half Baths
    1
  • Approx. Lot Size Acres
    0.08
  • Approx. Lot Size SqFt
    3,375
  • Class
    Residential
  • DOM
    7
  • Lot Dimensions
    35x75
  • New Construction
    No
  • Parcel ID#
    02-03-15-380-006.000-082
  • Property Sub-Type
    Site-Built Home
  • State
    IN
  • Style
    Two Story
  • Subdivision
    None
  • Total Finished SqFt
    2,060
  • Total SqFt
    2,060
  • Year Built
    1900
  • Zip
    46765-9323

  • Interior Features

  • Amenities
  • Below Grade Finished SqFt
    0
  • Cooling
    Central Air
  • Fireplace
    None
  • Heating
    Gas, Forced Air

  • Other Features

  • Exterior
    Metal
  • Fenced
    None
  • Foundation
    Cellar
  • Garage
    2 car
  • Garage Type
    Detached
  • Pool Y/N
    No
  • Water Utility
    Well
  • Sewer
    City
  • Waterfront Y/N
    No

Last updated: September 9 2026, 3:05 PM

Listing courtesy of: Brandon Schueler, Mike Thomas Assoc., Inc

IDX information provided by the Indiana Regional MLS. IDX information is provided 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. Data is deemed reliable but is not guaranteed accurate by the MLS. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

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