Listing courtesy of Great Plains Land Company, LLC · Listing agent: Michael Sorrells

Virtual tour
ActiveSite-Built Home

940 Newby Street

$37,700

$29.90 / sq ft

Est. $319/mo

Mitchell, IN 47446

Original price $48,000 · Price reduced on October 4, 2026

  • 1-car garage
Bedrooms
3
Bathrooms
2
Living area
1,261 sq ft
Lot
0.28 ac
Year built
1939
Type
Site-Built Home
Listed
August 27, 2026
MLS #
202635263

About this home

Uncover an exceptional investment or sweat-equity opportunity in the heart of Mitchell, Indiana! Offered strictly as-is, this 3-bedroom, 2-bathroom residence presents a classic canvas ready for your vision, custom repairs, and full personal restoration. The home’s interior floor plan features three generously sized bedrooms, two full bathrooms, and open living spaces waiting to be redesigned to fit your specific needs. Whether you are looking to complete a full flip, build a strong addition to your rental portfolio, or custom-craft your next primary home, this property provides the foundational structure to bring your project ideas to life. Serious buyers are strongly encouraged to verify all square footage, lot boundaries, and room dimensions independently. A major exterior highlight of the property is the substantial pole barn situated in the deep backyard. This versatile outbuilding provides immense value, offering ample space for secure vehicle storage, boat or trailer parking, a functional workshop, or vast extra equipment storage. The surrounding grounds offer plenty of room for outdoor recreation, gardening, or outdoor living expansion. Owned by a Licensed Real Estate Agent licensed in Indiana. Cash buyers only.

Monthly payment estimate

$319/mo

Principal & interest
$206
Property taxes
$102
Homeowners insurance
$11
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: the seller's 2026 bill as reported to the MLS. Yours may differ once your own deductions apply.
  • Insurance: estimated at 0.35% of the price per year.
  • An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
Change taxes, insurance and more in the full calculator

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Property details

Interior

Levels
Two
Total rooms
3
Total area
1,261 sq ft
Finished area above grade
1,261 sq ft
Bedrooms above grade
3
Full baths, main level
2
Basement
Crawl Space
Heating
Natural Gas
Cooling
Central Air
Laundry
Main Level

Exterior & parking

Style
Traditional
Construction
Shingle Siding
Garage spaces
1
Attached garage
Yes
Garage type
Attached
Garage sq ft
240 sq ft
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot size (acres)
0.28 ac
Lot dimensions
80x152.46
County
Lawrence County
Township
Marion
Platted
Yes
Planned unit development
No
Directions
Turn off of 37 unto south Stevens Street, then turn onto Newby Street

Schools

Elementary school
Burris/Hatfield
Middle school
Mitchell
High school
Mitchell
School district
Mitchell Community Schools

Taxes & terms

Annual taxes
$1,219
Tax year
2026
Possession
DOC
Parcel number
47-14-01-321-016.000-005

Utilities

Water
City
Sewer
Public Sewer

Location

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