Date
Details
Price
Change
Source
1/24/2026
Listed
$950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$950,000 Just Listed
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Property Description
Prime Commercial Property With Home on 5.35 Acres Along US 20 A rare opportunity to own a well established 3,585 sq ft restaurant property -- formerly the iconic Bob's Barbecue -- perfectly positioned along US Highway 20 with over 400 feet of high visibility frontage. This expansive 5.35 acre parcel offers exceptional commercial potential, ample parking, and room for future expansion or redevelopment. The main building provides a spacious restaurant layout with dining areas, kitchen infrastructure, and flexible space ready for your next concept. Whether you're launching a new venture or expanding an existing brand, the location and footprint offer tremendous upside. Adding even more value, the property includes a 3 bedroom, 2 bathroom single family home, ideal for on site living, staff housing, or additional rental income.
Full Property Details
Full Property Details for 5201 E US Hwy 20
General
- Price: $950,000
- Taxes: $7,534 (2025)
- Status: Active
- Type: Commercial
- Source: GNIAR
- MLS ID: 833211
- Updated: 1/24/2026
- Added to Site: 4 day(s) ago
Parking
- Parking Features: Gravel
Location
- County: La Porte
- Township: Wills
- Driving Directions: Near the 2 and 20 Dogbone, on the corner of Wiley Rd and US Highway 20
School Information
- High School District: New Prairie United
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 3,585
- Year Built: 1933
Lot Features
- Lot Size (Acres): 5.35
- Lot Size (Sq. Ft.): 233,046
Financial Considerations
- Tax Amount: $7,534
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- 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. .518 A. & 78-07-12-300-011 SE COR SW1/4 NW1/4 & NE COR NW1/4 SW1/4 S12 T37 R2 1.4177 AC & 78-07-12-100-032 PCE S EPT SW1/4 NW1/4 S12 T37 R2 3.42 AC
- Property ID: 460712300012000068
Listed by REMAX County Wide 1st
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— 5201 E US Hwy 20 —
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NMLS#: 1598647
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Schools
Schools serving 5201 E US Hwy 20
School District:New Prairie United School Corporation
| Name | Grades | Distance |
|---|---|---|
Rolling Prairie Elementary School 605 East Michigan Street, Rolling Prairie, IN 46371 | PK-5 | 0.8 mi |
New Prairie Middle School 5325 North Cougar Road, New Carlisle, IN 46552 | 6-8 | 2 mi |
New Prairie High School 5333 North Cougar Road, New Carlisle, IN 46552 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5201 E US Hwy 20
Tax History
Tax History for 5201 E US Hwy 20
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,652
-7%
$132,800
—
2023
$2,854
-35%
$132,800
-2%
2022
$4,423
42%
$136,000
6%
2020
$3,113
—
$128,200
—
2019
$3,113
15%
$128,200
—
2018
$2,709
1%
$128,200
—
2017
$2,672
-3%
$128,200
—
2016
$2,760
—
$127,600
-3%
2015
$2,760
—
$131,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5201 E US Hwy 20
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- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 1Total Bath
- 1,034Sq. Ft.
Listed by Listing Leaders Northwest
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
- 3,010Sq. Ft.
Listed by Realest.com
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 2Total Baths
- 2,926Sq. Ft.
Listed by Listing Leaders
- Lots/Land
- Active
- Updated 4 days ago
- 22.59Acres
Listed by Addresses Unlimited, LLC, Angela Pritchard
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- Lots/Land
- Active
- Updated 6 days ago
- 0.72Acres
Listed by Blackrock Real Estate Services
- Single Family
- Active
- Updated 13 hours ago
- 3Beds
- 1Total Bath
- 960Sq. Ft.
Listed by REMAX County Wide 1st
- Lots/Land
- Active
- Updated 4 days ago
- 26.67Acres
Listed by Addresses Unlimited, LLC, Angela Pritchard
- Lots/Land
- Active
- Updated 4 days ago
- 29.7Acres
Listed by Addresses Unlimited, LLC, Angela Pritchard
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- Single Family
- Closed
- 3Beds
- 3Total Baths
- 1,824Sq. Ft.
Listed by REMAX County Wide 1st
Sold by Jessup Real Estate Services
Sold by Jessup Real Estate Services
- Single Family
- Closed
- 3Beds
- 3Total Baths
- 2,422Sq. Ft.
Listed by Blackrock Real Estate Services
Sold by LaPorte County Realty, Inc.
Sold by LaPorte County Realty, Inc.
- Single Family
- Closed
- 4Beds
- 5Total Baths
- 5,595Sq. Ft.
Listed by Realty Executives Premier
Sold by Coldwell Banker 1st Choice
Sold by Coldwell Banker 1st Choice
5201 E US Highway 20, Rolling Prairie, IN 46371 (MLS# 833211) is a Commercial property. 5201 E US Highway 20 is currently listed for $950,000 and was received on January 24, 2026. Want to learn more about 5201 E US Highway 20? Do you have questions about finding other Commercial real estate for sale in Rolling Prairie? You can browse all Rolling Prairie real estate or contact a Coldwell Banker agent to request more information.