Listing courtesy of Mike Thomas Assoc., Inc · Listing agent: Brandon Schueler
15027 State Road 1 Road
$210,000
$101.94 / sq ft
Leo, IN 46765-9323
- 2-car garage
- Basement
- Bedrooms
- 2
- Bathrooms
- 1.5
- Living area
- 2,060 sq ft
- Lot
- 0.08 ac
- Year built
- 1900
- Type
- Site-Built Home
- Listed
- August 10, 2026
- MLS #
- 202632418
About this home
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!
Property details
Interior
- Levels
- Two
- Total rooms
- 7
- Total area
- 2,060 sq ft
- Finished area above grade
- 2,060 sq ft
- Bedrooms above grade
- 2
- Full baths, upper level
- 1
- Half baths, main level
- 1
- Basement
- Cellar
- Flooring
- Carpet, Vinyl
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
- Laundry
- Upper Level
Exterior & parking
- Style
- Historic
- Construction
- Metal Siding
- Roof
- Asphalt, Shingle
- Foundation
- Block
- Garage spaces
- 2
- Attached garage
- No
- Garage type
- Detached
- Garage sq ft
- 594 sq ft
- Parking
- Concrete
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Corner Lot
- Lot size (acres)
- 0.08 ac
- Lot dimensions
- 35x75
- Location type
- City/Town/Suburb
- County
- Allen County
- Township
- Cedar Creek
- Platted
- Yes
- Planned unit development
- No
- Directions
- North on State Road 1 to the 4 way stop in Leo. Continue on 1 and the building will be on the left right before you leave Leo.
Schools
- Elementary school
- Cedarville
- Middle school
- Leo
- High school
- Leo
- School district
- East Allen County
Taxes & terms
- Annual taxes
- $2,061
- Tax year
- 2026
- Listing terms
- Cash, Conventional
- Possession
- At Closing
- Parcel number
- 02-03-15-380-006.000-082
Utilities
- Water
- Well
- Well
- Private
- Sewer
- Public Sewer
- Electric provider
- AEP/I&M
- Gas provider
- NIPSCO
Location
Area guide
Living in Leo-Cedarville
Neighborhoods, schools, cost of living and local housing trends — our guide to life in Leo-Cedarville.
Read the Leo-Cedarville guide