Dan Rarey Real Estate

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DAN RAREY REAL ESTATE


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4161 US HWY 50 Mitchell, IN 47446 $169,000
Listed by CK Realty Homes
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MLS # 202604456 Residential
Lot Information
Acres:  4
Dimensions:  4 acres
County:  Lawrence
Township:  Spice Valley
Grid:  None
Utilities
Utility Type
Sewage Septic
Gas ---
Water Co Public
Utility Type
Cable ---
Electric ---
Amps ---
Additional Images
 
          
Residential
 
SqFt   Fin   Unfin   Total
Upper 000
Main 129601296
Total 129601296

Basement 1   000
Basement 2 000
Total 000

Total 129601296
 Total Rooms:  20 Yr. Built:  1945 Style: ---
Bedrooms:  4 Foundation: Slab
Study Rooms  0 Fireplaces: ---
Full Baths:  6 Exterior: Brick, Metal
HalfBaths  0 AC: Central Air
Heating: Forced Air Water Heater: -- Street type: ---
HOA Fee: 0 HOA Term: ---
HOA Note: ---
Garage: --- Cap: ----car Sq.Ft.: ---
Garage Note: 
Rooms
 
Type Size Level Floors
Bedroom 10 x 10 Main
Bedroom 10 x 10 Main
Bedroom 10 x 10 Main
Bedroom 10 x 10 Main
Laundry Room 0 x 0 Main
School
 NOTE: Due to school redistricting, schools identified with this listing may be subject to change. Please confirm school district with the school corporation.  
Elementary: Burris/Hatfield Middle: Mitchell High: Mitchell
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.
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IDX information provided by the Indiana Regional MLS

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Data is deemed reliable but is not guaranteed accurate by the MLS.

Listings Last Updated 10/07/2026 03:20:08 PM

Listing 1220 of 1 Results