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!
Active
$210,000
15027 State Road 1 Rd, Leo, IN 46765
2beds
2,060sqft
:
Get pre-qualified$1,337/mo
Single Family Residence
Built in 1900
3,484 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Detached two-car garageTwo-bedroom one-full-bath apartmentCathedral ceilingsSmall side yard
- 2 days |
- 730 |
- 36 |
Zillow last checked:
Listing updated:
Listed by:
Brandon W Schueler 260-489-2000,
Mike Thomas Assoc., Inc
Source: IRMLS,MLS#: 202632418
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom 1
- Level: Upper
Bedroom 2
- Level: Upper
Living room
- Level: Upper
- Area: 221
- Dimensions: 17 x 13
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Features
- Flooring: Carpet, Vinyl
- Basement: Cellar,Block
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,060
- Total interior livable area: 2,060 sqft
- Finished area above ground: 2,060
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached, Concrete
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Fencing: None
Lot
- Size: 3,484 Square Feet
- Dimensions: 35x75
- Features: Corner Lot, City/Town/Suburb
Details
- Parcel number: 020315380006.000082
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Metal Siding
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Gas: NIPSCO
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Leo
Financial & listing details
- Annual tax amount: $2,061
- Date on market: 8/10/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Listed for sale | $210,000 |
Source:  IRMLS #202632418 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 46765
Nearby schools
GreatSchools rating
- 9/10Leo Elementary SchoolGrades: 4-6Distance: 0.2 mi
- 7/10Leo Junior/Senior High SchoolGrades: 7-12Distance: 0.5 mi
- 10/10Cedarville Elementary SchoolGrades: K-3Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Cedarville
- Middle: Leo
- High: Leo
- District: East Allen County
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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