100 S Old State Road 15, Leesburg, IN 46538
COMMERCIAL - Leesburg, IN
- Added:
- May 21, 2026
- Days on Market:
- 48
- Last Refresh:
- Jul 7 at 1:06 am
Property Features for 100 S Old State Road 15
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Active
- APN
- 43-07-09-400-376.000-016
- Lot size
- 3.77 Acres
Taxes and HOA fees
- Tax Year
- 51
- Tax Description
- PT SW PT NW 9-33-6 0.82A PER SURVEY, 029-034-014 N PT MDL PT OL 1 NACKE ADD & TR N LOT 2.12A PER SURVEY, 029-034-012 PT N 1/2 OL 1 NACKE ADD, 022-034-001.A1B Pt N Pt Ol 1 Nacke Add 1.23A Per Survey
- Tax Annual Amount
- 3841
Building Details
- Year built
- 1900
- Flooring type
- Wood
- Roof type
- Metal
Listing agent Brian Peterson (574) 268-1899
Listing office Brian Peterson Real Estate 2008 E Center Street, Warsaw, IN (574) 268-1899
Listing date May 21, 2026
Copyright © 2026 Kosciusko Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 3.8‑acre mixed‑use property just outside Leesburg, originally the historic Leesburg Mill
- Zoned for both commercial and residential use
- Main building offers approx. 4,780 SF with updated interiors, spacious dining and gathering areas, and ample storage
- Secondary building includes apartment/living space for owner occupancy or rental/staff housing
- Metal roof; wood flooring; basement included
- Includes abundant on‑site parking and room for future expansion
Overview
Located just outside Leesburg at 100 S Old State Road 15, the property is positioned for everyday customer access given its road frontage and vehicle-oriented parking. The property is also described as zoned for both commercial and residential use, supporting a range of potential operating and redevelopment concepts.
For operators and buyers, the current brewery-and-dining configuration can suit restaurant, brewery, and related hospitality concepts that benefit from gathering and dining space, while the separate living space provides an option for on-site housing. Because the site is presented as compatible with commercial and residential use, it may also fit mixed-use development plans that call for combining a commercial component with living quarters, retail, or event-oriented use, depending on final permitting and approvals.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.7k | $15.00 |
| − Vacancy | −$3.0k | −$0.63 |
| EGI | $68.7k | $14.37 |
| − OpEx | −$17.2k | −$3.59 |
| NOI | $51.5k | $10.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Kosciusko
- State
- Indiana
- Longitude
- -85.844063
- Latitude
- 41.332024
