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15026 Center St
Leo-Cedarville, IN 46765
Leo, Indiana Mixed-Use Investment · Retail Property For Sale

Investment Highlights

  • Versatile Live/Work Space – Perfect for entrepreneurs, this property offers a unique blend of residential and commercial opportunities.
  • Dual Tenant Income with a 1-bed, 1-bath apartment and commercial space rental.
  • Historic Charm & Prime Location – Late 1800s hardwood floors, small-town character, and a prime spot along the main road through downtown
  • Restaurant Potential – Existing tenant has brought the building up to code for a 2-way liquor license, making it ideal for a dining establishment.
  • Ample Storage with 1,100 sq. ft. of additional basement storage for business or personal use.
  • Ample parking with private parking lot to building rear and street parking

Property Facts

Property Type
Retail
Property Subtype
Storefront
Building Size
2,071 SF
Building Class
B
Year Built/Renovated
1876/2017
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.16 AC
Zoning
DC - Downtown Core
Parking
6 Spaces (2.9 Spaces per 1,000 SF Leased)
Frontage
179’ on Walnut Street

Amenities

  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Property Taxes

Property Taxes

Parcel Number
02-03-15-381-001.000-082
Land Assessment
$15,700
Improvements Assessment
$108,400
Total Assessment
$124,100
  • Listing ID: 35479007

  • Date on Market: 4/14/2025

  • Last Updated:

  • Address: 15026 Center St, Leo-Cedarville, IN 46765

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