4161 US-50

Mitchell IN 47446

1296 sq. ft.

174240 sq. ft.

Single-Family

Last sold for $155,000

Chelsea Kieffner, last sold this property on 07 July 2026 after 144 days on market.

Overview

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.

Features

4 bedrooms

6 bathrooms

1296 sq. ft. floor area

174240 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Mitchell over the last 12 months, the estimated median property value of 4161 US-50 is $257.5k.

Median value

$257.5k

Estimated value range

$67.5k - $430k

Median days on market

Estimated value trend

11%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Mitchell. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 4161 US-50

2026

Sold

$155,000

07 Jul 2026 by Chelsea Kieffner, of CK Realty Homes

Happy sellers in Mitchell

We have insufficient information to provide an overview of customer satisfaction for Mitchell. Viewing the agent profiles, reviews and sales for Mitchell can provide insights for this location.