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Improved Mixed-Use Land for Sale in Rolling Prairie, Indiana

5201 US 20 Hwy E, Rolling Prairie, IN 46371

$725,000
5.43 acres
Active sale
ago
Est $4,551/mo

A unique opportunity with endless possibilities! This versatile property includes three separate parcels totaling approximately 5.36 acres, offering an incredible combination of commercial, residential, and land opportunities! The centerpiece is a nearly 3,600-square-foot, turnkey restaurant situated on 0.52 acres, featuring multiple dining areas, a spacious kitchen, walk-in freezer, three restrooms, abundant storage, and a full basement. With ample parking and excellent visibility, this property offers a fantastic opportunity to bring your restaurant vision to life! Also included is a 3-bedroom, 2-bath home situated on 1.42 acres, perfect for an owner-operator looking to live close to their business or an investor seeking potential rental income. Rounding out the package is an additional 3.42-acre parcel across the street, which also houses the restaurant's well. Whether you're an entrepreneur ready to launch your next venture or an investor looking for a unique opportunity with multiple possibilities, this one-of-a-kind property is full of potential!

6,369
Sq feet
1933
Built

Location

Street address
5201 US 20 Hwy E
Zip code
46371
School district
New Prairie United
Elevation
809 feet
Coordinates
41.6729, -86.598

Directions

Highway 20 to just West of the Dogbone

Property details

Acreage
5.43 acres
Zoning
Commercial
MLS #
GNIAR 847292
Posted

Property taxes

2026
$6,900

Parcels

  • 460712300012000068

Legal description

Details and features

Listing

Type
Commercial Sale

Lot

Features
Corner Lot

Exterior

Parking Spaces
30
Features
Rain Gutters

Structure

Basement
Full, Storage Space, Unfinished
Water
Well
Sewer
Septic Tank
Heating
Forced Air, Natural Gas

Interior

Appliances
Dishwasher, Freezer, Gas Cooktop, Gas Range, Microwave, Range, Range Hood, Refrigerator, Stainless Steel Appliance(s)
Security
Security System

Property utilities

CategoryTypeStatus
GasNatural GasConnected

Nearby schools

NameTypeDistrict
New Prairie Middle SchoolMiddleNew Prairie United
New Prairie High SchoolHighNew Prairie United

Listing history

DateEventPriceChangeSource
Oct 24, 2026New listing$725,000—GNIAR
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This 5.43-acre property is located at 5201 US 20 Hwy E in Rolling Prairie, IN 46371. The property is available for sale, priced at $725,000. It has a 6,369 square foot structure built in 1933.

Listed by MTM Realty Group, (219) 324-4640

Checked 2 hours agoUpdated

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