Mixed-Use Property with
New
For Sale
$725,000
5201 Us 20 Highway E, Rolling Prairie, IN 46371
Commercial Sale, Rolling Prairie, IN
Property Size6,369 SF
Lot Size5.43 Acres
Price / SF$113.83
Days on Market3
Property Features for 5201 Us 20 Highway E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking
30
Security features
Security System
Exterior features
Rain Gutters
Basement
Storage Space, Full, Unfinished
Appliances
Dishwasher, Stainless Steel Appliance(s), Range Hood, Refrigerator, Range, Microwave, Gas Range, Gas Cooktop, Freezer
Lot features
Corner Lot
Middle school
New Prairie Middle School
High school
New Prairie High School
Elementary school district
New Prairie United
Middle school district
New Prairie United
High school district
New Prairie United
Directions
Highway 20 to just West of the Dogbone
Standard status
Active
APN
460712300012000068
Size
6,369 SF
Lot size
5.43 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
78-07-12-300-012 PCE IN SE COR SW 1/4 NW 1/4 & NE COR NW 1/4 SW 1/4 S12 T37 R2 .518A 78-07-12-300-011 SE COR SW 1/4 NW 1/4 & NE COR NW 1/4 SW 1/4 S12 T37 R2 1.4177AC 78-07-12-100-032 PCE S EPT SW 1/4 NW1/4 S12 T37 R2 3.42 AC
Tax Annual Amount
6900
Legal Description
78-07-12-300-012 PCE IN SE COR SW 1/4 NW 1/4 & NE COR NW 1/4 SW 1/4 S12 T37 R2 .518A 78-07-12-300-011 SE COR SW 1/4 NW 1/4 & NE COR NW 1/4 SW 1/4 S12 T37 R2 1.4177AC 78-07-12-100-032 PCE S EPT SW 1/4 NW1/4 S12 T37 R2 3.42 AC
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Water source
Well
Building Details
Year built
1933
Listing Agency:
MTM Realty Group
(219) 324-4640
Listed By:
Mike Liberatore
(219) 363-2944
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 1:06PM
MLS# 847292
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The offering combines a restaurant, a three-bedroom, two-bath home, and a separate parcel across the street. The restaurant occupies 0.52 acres and contains nearly 3,600 square feet, with multiple dining areas, a kitchen, walk-in freezer, three restrooms, storage, and a full basement. Restaurant equipment includes a dishwasher, refrigerator, range, microwave, and freezer.
The residence sits on 1.42 acres. Across the street, a 3.42-acre parcel is also included and contains the restaurant’s well. The property is served by a septic tank, and the restaurant has on-site parking.
The residence sits on 1.42 acres. Across the street, a 3.42-acre parcel is also included and contains the restaurant’s well. The property is served by a septic tank, and the restaurant has on-site parking.
Key Highlights
- Restaurant building offers nearly 3,600 square feet on 0.52 acres
- Multiple dining areas, kitchen, walk‑in freezer, three restrooms, storage, and full basement
- Separate 3‑bedroom, 2‑bath home on 1.42 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,134
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,680
$862.7K
Cap Rate 7%
$616,200
$616.2K
Cap Rate 9%
$479,267
$479.3K
Market Conditions
NOI Build-Up for 6,369 SF
Gross rent
$76.4K $12.00/SF
− Vacancy
−$7.4K −$1.16/SF
EGI
$69.0K $10.84/SF
− OpEx
−$25.9K −$4.06/SF
NOI
$43.1K $6.77/SF
Area
LaPorte County, IN
Vacancy
9.70%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,680
Cap Rate 7%
$616,200
Cap Rate 9%
$479,267
Alternative Uses
Best Use
Specialty Retail
$1.77M
$1.55M – $2.07M
NOI $123,942 @ 7.0% cap · market cap 17.10%
Second Best
Mixed Use
$616.2K
$539.2K – $718.9K
NOI $43,134 @ 7.0% cap · market cap 5.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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Business Placement
Demographics for 46371, IN
3,680
Population
1,622
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
96%
High-School Grad
37.6 sq mi
ZIP Area
98
Density / Sq Mi
$95,154
Median Household Income
$47,460
Median Earnings
$1,694
Median Rent
$245,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A restaurant, separate residence, and additional land are offered together across three parcels.
Where is this mixed-use property located?
The property is located at 5201 Us 20 Highway E Rolling Prairie, IN.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Restaurant building offers nearly 3,600 square feet on 0.52 acres; Multiple dining areas, kitchen, walk‑in freezer, three restrooms, storage, and full basement; Separate 3‑bedroom, 2‑bath home on 1.42 acres
