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$ 960,000
Est. payment /mo
New
15013 State Road 1 Leo, IN 46765
0.4 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202535030
Year Built 1965
Annual Tax Amount $9,254
Tax Year 2025
Lot Size 0.400 Acres
Property Sub-Type Retail
Property Description
Prime Investment Opportunity in Downtown Leo! Two income-generating commercial buildings, updated inside and out, totaling 10,814 sq. ft. of versatile retail/commercial space with the two-story section newly constructed. Both buildings and parking lot is located on high-traffic State Road 1 for maximum visibility. Current tenants in Building 1: pizza shop, candle shop, and business offices. Building 2 is a private business tenant. Property taxes and utilities are paid by tenants with triple Net Leases in place. The property is zoned DC. The upstairs office space features a restroom and kitchenette, with the potential to convert into a residential apartment. Across both buildings, there are 6 restrooms (5 ADA-compliant). This property offers built-in rental income with the added flexibility to establish your own business when a space becomes available. Excellent location, strong visibility, and steady traffic day and night make this a standout investment. Call today for more information or to schedule a tour!
Location
State IN
County Allen County
Area Allen County
Direction State Road 1 to Downtown Leo
Interior
Flooring Concrete, Vinyl
Appliance Building, Land, Lease
Exterior
Roof Type Metal
Building
Story 2
New Construction No
Others
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202535030
IDX information provided by the Indiana Regional MLS
Listed by Tamra Stier • Rockfield Realty Group