4161 Us Hwy 50 Highway, Mitchell, IN 47446
Local realty services provided by:ERA Crossroads
Listed by: chelsea kieffnerCell: 812-322-5818
Office: ck realty homes
MLS#:202604456
Source:Indiana Regional MLS
Price summary
- Price:$169,000
- Price per sq. ft.:$130.4
About this home
Exceptional 4-acre investment opportunity featuring four well-maintained buildings with incredible versatility and income potential. Three of the buildings share a cohesive exterior design while offering distinct interior layouts and functionality. One structure, previously used as a homestead, was originally built as two separate units and has been modified to include a central sitting area while still maintaining a kitchen, bathroom, and living space on each side, making it ideal for multi-generational living or conversion back to a duplex configuration. The second building remains configured as two separate one-bedroom, one-bathroom units, each with private entrances and individual living spaces, providing immediate rental potential. The third building has been converted to include a full kitchen, two bathrooms, and a communal laundry area at the rear, offering flexibility for shared housing, commercial use, or service-oriented operations. The fourth building was constructed and utilized as a church and features two restrooms with two stalls in each, with pew seating included in the sale, presenting an excellent opportunity for continued community use, retail conversion, event space, or redevelopment. A major capital improvement includes new metal roofs installed on all buildings, adding long-term durability and value. With ample acreage and multiple structures, this property is well suited for multi-unit rental development, mixed-use concepts, a much-needed neighborhood convenience store, or a customized vision aligned with your real estate investment goals. Shed not included in sale....
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Home facts
- Year built:1945
- Listing ID #:202604456
- Added:482 day(s) ago
- Updated:May 15, 2026 at 02:51 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:6
- Full bathrooms:6
- Rooms Total:20
- Basement Description:Slab
- Living area:1,296 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Roof:Metal
- Year built:1945
- Building area:1,296 sq. ft.
- Lot area:4 Acres
- Lot Features:Level, Partially Wooded
- Architectural Style:One Story
- Construction Materials:Brick, Metal
- Levels:1 Story
Schools
- High school:Mitchell
- Middle school:Mitchell
- Elementary school:Burris/Hatfield
Utilities
- Water:Public
- Sewer:Septic
Finances and disclosures
- Price:$169,000
- Price per sq. ft.:$130.4
- Tax amount:$1,258
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