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Mixed-Use Duplex with Acreage
For Sale
$699,900

5380 North 450 West, Angola, IN 46703

Two-unit property combines a loft-style rental with a private two-bedroom residence.

Property Size60,113 SF
Lot Size1.38 Acres
Price / SF$11.64
Days on Market301

Property Features for 5380 North 450 West

General Information

Standard status Active
Size 60,113 SF
Lot size 1.38 Acres
Property subtype Commercial / Mixed Use
Zoning commercial/agricultural

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,701

Amenities

Central Air
2
No
Carpet, Laminate, Tile
Propane, Forced Air
Slab
Yes
Gravel
Stone, Vinyl
Metal

Building Details

Year Built 1996
Buildings 1
Listing Agency: RE/MAX Results
Listed By: Tracey Musser
Source: Compass
Added: Nov 3, 2025 Changed: Aug 30 Last Checked: Aug 30 at 3:25PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results

Investment Insights

Based on property information with market context.

This mixed-use duplex occupies a converted commercial building and contains two distinct living arrangements. One unit is a loft-style short-term rental with sleeping capacity for 5–6 guests, while the other is a private two-bedroom residence suited to owner occupancy or long-term rental. The property includes 4,000 square feet of building area on 1.38 acres, with recent upgrades noted throughout.

Commercial/agricultural zoning supports flexible use options, subject to buyer verification. The site is located in Angola, Indiana, near Jimmerson Lake, and offers gravel-surfaced access with space across the acreage. Interior systems include central air, propane-fired forced air, and a slab foundation. The building was constructed in 1996 and features stone and vinyl exterior materials with a metal roof.

Key Highlights

  • 4,000‑square‑foot duplex on 1.38 acres
  • Two‑unit layout with loft‑style and two‑bedroom residences
  • Loft unit accommodates sleeping for 5–6 guests

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Electrical Service Storage Facility HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

257
Businesses Nearby

Demographics for 46703, IN

18,837
Population
9,755
Households
1.9
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
121.1 sq mi
ZIP Area
156
Density / Sq Mi
$69,940
Median Household Income
$31,554
Median Earnings
$892
Median Rent
$221,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-unit property combines a loft-style rental with a private two-bedroom residence.
Where is this mixed-use property located?
The property is located at 5380 North 450 West Angola, IN.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 4,000‑square‑foot duplex on 1.38 acres; Two‑unit layout with loft‑style and two‑bedroom residences; Loft unit accommodates sleeping for 5–6 guests
More about this property
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