Address
15027 State Road 1 Road, Leo, IN
Price
$ 210,000
Property Attributes
- MLS#202632418
- TypeSingle Family
- Listing Status Active
- CountyALLEN
- CityLeo
- AreaCedar Creek
- Zip46765
- StyleHistoric
- Year Built1900
- Taxes$ 2061
- Price$ 210,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms1
- Sqr Footage2060
- Lot Size0.08 Acres
Data Source:
Indiana Regional MLS (IRMLS)
Property Description
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 propertys 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!
| Elementary School | Middle School | High School |
|---|---|---|
| Cedarville Elementary School | Leo Middle School | Leo High School |
| Price History | |
|---|---|
| 8/10/2026 | Listed $210,000 |
General Features
| Sewer | City |
|---|---|
| Heating | Gas,Forced Air |
| Cooling | Central Air |
| Laundry Y/N | Upper |
| Fireplaces | No |
| Garage | Detached |
| Status | Active |
| Full Baths | 1 |
| Half Baths | 1 |
| Bathrooms | 2 |
| Year Built | 1900 |
| New Construction | No |
| Subdivision | None |
| Style | Two Story |
| Township | Cedar Creek |
| Class | RESIDENTIAL |
| Type | Site-Built Home |
| Age | 126 |
| FIPS Code | 18003 |
| REO | No |
| Status | Active |
| Auction Y/N | No |
| Annual Taxes | 2061.48 |
| Area | Allen County |
| Location | City/Town/Suburb |
| High School | Leo |
| City | Leo |
| School District | East Allen County |
| Assoc. Dues Frequency | Not Applicable |
| Architectural Style | Historic |
| Total Sq Ft | 2060 |
| Elementary School | Cedarville |
| Middle School | Leo |
| Legal Description | E1/2 LOT 30 HAMILTON |
| Virtual Tour | https://www.propertypanorama.com/instaview/irmls/202632418 |
| Agent First Name | Brandon |
| Agent Last Name | Schueler |
| DOM | 12 |
| Tax Year | 2026 |
| PROPOSED FINANCING | Cash,Conventional |
Interior Features
| Basement | Cellar |
|---|---|
| Flooring | Carpet,Vinyl |
| Other Room 1 Level | Main |
| Beds | 2 |
| Total Rooms | 7 |
| Other Room 2 Level | Main |
| Fireplace | None |
| Living Room Width | 13 |
| Other Room 2 Length | 17 |
| Other Room 2 Width | 17 |
| Other Room 1 Description | Office space/living room |
| Other Room 2 Description | Kitchenette |
| Living Room Length | 17 |
| Full Baths Upper | 1 |
| Total Finished SqFt | 2060 |
| Basement Y/N | Yes |
| Other Room 1 Length | 22 |
| Other Room 1 Width | 17 |
| Above Grade Bedrooms | 2 |
| Half Baths Main | 1 |
| 1st Bedroom Level | Upper |
| 1st Bedroom Width | 12 |
| 2nd Bedroom Length | 12 |
| 2nd Bedroom Level | Upper |
| 2nd Bedroom Width | 10 |
| Above Grade Finished SqFt | 2060 |
| Living/Great Rm Level | Upper |
| Basement Material | Block |
Exterior Features
| Exterior | Metal |
|---|---|
| Driveway | Concrete |
| Pool | No |
| Garage Length | 22 |
| Garage Width | 27 |
| Lot Size Area | 3375 |
| Lot Dimensions | 35x75 |
| Lot Description | Corner |
| Fence | None |
| Garage SqFt | 594 |
| Well Type | Private |
| Approx. Lot Size Acres | 0.08 |
| Garage Capacity | 2 |
| Off Street Parking Y/N | No |
| ROOF MATERIAL | Asphalt,Shingle |
| Waterfront Y/N | No |
| Garage Y/N | Yes |
Amenities
- Foreclosure
- Views
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on September 11, 2026 12:38 PM UTC
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