About 15013 State Road 1
Prime Investment Opportunity in Downtown Leo! Two income-generating commercial buildings, updated inside and out, totaling 10,814 sq. ft. of versatile retail/commercial space with the two-story section newly constructed. Both buildings and parking lot is located on high-traffic State Road 1 for maximum visibility. Current tenants in Building 1: pizza shop, candle shop, and business offices. Building 2 is a private business tenant. Property taxes and utilities are paid by tenants with triple Net Leases in place. The property is zoned DC. The. upstairs office space features a restroom and kitchenette, with the potential to convert into a residential apartment. Across both buildings, there are 7 restrooms (6 ADA-compliant). This property offers built-in rental income with the added flexibility to establish your own business when a space becomes available. Excellent location, strong visibility, and steady traffic day and night make this a standout investment. Call today for more information or to schedule a tour!
Features of 15013 State Road 1
| MLS® # | 202535030 |
|---|---|
| Price | $960,000 |
| Bathrooms | 7.00 |
| Square Footage | 17,424 |
| Acres | 0.40 |
| Year Built | 1965 |
| Type | Commercial |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 15013 State Road 1 |
|---|---|
| Subdivision | None |
| City | Leo |
| County | Allen County |
| State | IN |
| Zip Code | 46765 |
Amenities
| Features | Overhead Door 1, Display Room, Display Window(s), Office Space, Public Restrooms |
|---|---|
| Parking | Gravel, Lot, Street |
| Is Waterfront | No |
Interior
| Interior | Concrete, Drywall, Metal |
|---|---|
| Heating | Gas |
| Cooling | Central Air |
| # of Stories | 2 |
| Basement | Slab |
Exterior
| Exterior | Block, Brick, Metal |
|---|---|
| Roof | Metal |
| Construction | No |
Additional Information
| Days on Market | 46 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Tamra Stier |
|---|---|
| Office | Rockfield Realty Group |