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15027 State Road 1 Road, 
Leo, IN 46765

$210,000


2

Beds


2

Baths


2,060

Sq Ft


Single Family


Virtual Tour

Pending

Listed by

Brandon Schueler

Mike Thomas Assoc., Inc

Last updated:

October 15, 2026, 07:59 AM

MLS#

202632418

Source:

Indiana Regional MLS

About This Home

15027 State Road 1 Road

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!

Home Facts

Single Family

2 Baths

2 Bedrooms

Built in 1900

Subdivision & Development:

None

Price Summary

210,000

$101 per Sq. Ft.

MLS #:

202632418

Last Updated:

October 15, 2026, 07:59 AM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

1

Interior

Living Area:

2,060 Sq. Ft.


Structure

Structure

Architectural Style:

Historic, Two Story

Building Area:

2,060 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

3,375


Finances & Disclosures

Finances

Price:

$210,000

Price per Sq. Ft:

$101 per Sq. Ft.

Source:Indiana Regional MLS
IRMLS 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. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.