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Residential Land with Home for Sale in Mitchell, Indiana

4161 US Highway 50, Mitchell, IN 47446

$189,000
4 acres
Active
$31k drop
Est $1,031/mo

New investment opportunity.... 4 buildings on 4 acres! 3 of the 4 buildings are identical from the exterior but offer different floor plans and functionality. One of the buildings have been used as a homestead for many years and although built to be two separate units, it was converted to have an additional sitting area between to the units but still has a kitchen, bathroom, and living space on each side of the converted unit. The second building is still two singular units with one bedroom, one bathroom, and a living space each with their own private entrances. The third building was converted into a full kitchen equipped with two bathrooms and a communal laundry room at the back of the building. The last building was built and used as a church with two bathrooms with two stalls in each. Pew seating include in sale. A major update includes new metal roofs on all the buildings! Shed not included in sale. This property can be transformed into multi-unit rental properties, a convenient store the area wants and needs, both, or whatever you deem fit that match your real estate goals!

1,296
Sq feet
4
Beds
6
Full baths
1945
Built

Location

Street address
4161 US Highway 50
School district
Mitchell Community Schools
Elevation
817 feet
Coordinates
38.7368, -86.6201

Property details

Acreage
4 acres
MLS #
BMLS 202501599
Posted

Property taxes

Recent
$1,259

Parcels

  • 47-12-34-300-015.000-013

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Structure

Stories
1
Heating
Forced Air
Cooling
Central Air
Materials
Brick
Roof
Metal

Interior

Room Count
20
Rooms
Bathroom x 5, Bedroom x 4

Nearby schools

NameLevelDistrictDescription
Burris/HatfieldElementaryMitchell Community Schools
MitchellMiddleMitchell Community Schools
MitchellHighMitchell Community Schools

Listing history

DateEventPriceChangeSource
Oct 7, 2025Price drop$189,000$31,000 -14.1%BMLS
Sept 17, 2025New listing$220,000BMLS
Aug 14, 2025Listing removed$220,000Listing agent
Mar 21, 2025Price drop$220,000$15,000 -6.4%BMLS
Jan 17, 2025New listing$235,000BMLS
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This 4-acre property is located at 4161 US Highway 50 in Mitchell, IN 47446. The property is available for sale for $189,000. It has a 1,296 sq ft 4 bedroom, 6 bath house built in 1945.

Checked 8 hours ago — Updated

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