Listed with Chelsea Kieffner, CK Realty Homes, Cell: 812-322-5818

Price $189,000
Status Active
Beds 4
Baths 6 Baths
Home size 1,296 sqft
Lot Size 4.00 ac
Days on Market 3
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.
Property Type(s): Single Family
Last Updated 2/12/2026 Tract None
Year Built 1945 County Lawrence

SCHOOLS

School District Mitchell Community Schools
Elementary School Burris/Hatfield
Jr. High School Mitchell
High School Mitchell

Additional Details

AIR Central Air
AIR CONDITIONING Yes
CONSTRUCTION Brick, Metal Siding
HEAT Forced Air
LOT 4 acre(s)
LOT DESCRIPTION Level, Wooded
LOT DIMENSIONS 4 acres
SEWER Septic Tank
STORIES 1
STYLE 1 Level
SUBDIVISION None
TAXES 1258.6
WATER Public
Listed with Chelsea Kieffner, CK Realty Homes, Cell: 812-322-5818
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 2/15/26 9:36 PM PST
Walk Score provided by walkscore.com

This IDX solution is (c) Diverse Solutions 2026.

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Metzger Auction to contact you even if your name is on a Federal or State "Do not call List".
Email a Friend