4161 US HWY 50 Highway, Mitchell, IN 47446

• 4 beds |
• 6 baths |
• 1,296 sqft

Property Description

Exceptional 4-acre investment opportunity featuring four well-maintained buildings with incredible versatility and income potential. Three of the buildings share a cohesive exterior design while offering distinct interior layouts and functionality. One structure, previously used as a homestead, was originally built as two separate units and has been modified to include a central sitting area while still maintaining a kitchen, bathroom, and living space on each side, making it ideal for multi-generational living or conversion back to a duplex configuration. The second building remains configured as two separate one-bedroom, one-bathroom units, each with private entrances and individual living spaces, providing immediate rental potential. The third building has been converted to include a full kitchen, two bathrooms, and a communal laundry area at the rear, offering flexibility for shared housing, commercial use, or service-oriented operations. The fourth building was constructed and utilized as a church and features two restrooms with two stalls in each, with pew seating included in the sale, presenting an excellent opportunity for continued community use, retail conversion, event space, or redevelopment. A major capital improvement includes new metal roofs installed on all buildings, adding long-term durability and value. With ample acreage and multiple structures, this property is well suited for multi-unit rental development, mixed-use concepts, a much-needed neighborhood convenience store, or a customized vision aligned with your real estate investment goals. Shed not included in sale.

Listing Status:

Active

Date Added:

February 12, 2026

Data Last Updated:

February 17, 2026 at 10:01PM

Listing Office:

CK Realty Homes : 812-322-5818

Listing Agent:

Chelsea Kieffner : 812-322-5818

MLS ID:

202604456

Interior

• Basement: Slab
• A/C: Central Air
• Heating: Forced Air

Exterior

• General: BrickMetal
• Style: One Story

Construction

• Roofing: Metal

Location

• School District: Mitchell Community Schools

Lot

• Zoning: SEC 34 TWP 4 R 2W 4A TOTAL PT E 1/2 SW TR15 -3.25A TR47 -.75A47-12-34-300-015.000-013

Utilities

• Water: Public
• Sewer: Septic