Active

$210,000

15027 State Road 1 Rd, Leo, IN 46765

2beds

2,060sqft

$1,479/mo

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Single Family Residence

Built in 1900

3,484 Square Feet Lot

$203,300 Zestimate^®

$--/sqft

$-- HOA

What's special

Detached two-car garageTwo-bedroom one-full-bath apartmentCathedral ceilingsSmall side yard

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!

50 days
1,350
70

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

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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: Well

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

$203,300

$193,000 - $213,000

$1,588/mo

Price history

Date	Event	Price
9/2/2026	Listed for sale	$210,000
Source: IRMLS #202632418 Report a problem
8/14/2026	Pending sale	$210,000
Source: IRMLS #202632418 Report a problem
8/10/2026	Listed for sale	$210,000
Source: IRMLS #202632418 Report a problem