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$725,000 Just Listed
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Property Description
A unique opportunity with endless possibilities! This versatile property includes three separate parcels totaling approximately 5.36 acres, offering an incredible combination of commercial, residential, and land opportunities! The centerpiece is a nearly 3,600-square-foot, turnkey restaurant situated on 0.52 acres, featuring multiple dining areas, a spacious kitchen, walk-in freezer, three restrooms, abundant storage, and a full basement. With ample parking and excellent visibility, this property offers a fantastic opportunity to bring your restaurant vision to life! Also included is a 3-bedroom, 2-bath home situated on 1.42 acres, perfect for an owner-operator looking to live close to their business or an investor seeking potential rental income. Rounding out the package is an additional 3.42-acre parcel across the street, which also houses the restaurant's well. Whether you're an entrepreneur ready to launch your next venture or an investor looking for a unique opportunity with multiple possibilities, this one-of-a-kind property is full of potential!
Full Property Details
Full Property Details for 5201 US 20 Hwy E
General
- Price: $725,000
- Taxes: $6,900 (2026)
- Status: Active
- Type: Commercial
- Source: GNIAR
- MLS ID: 847292
- Updated: Today (10/23/2026)
- Added to Site: Today
Interior
- Interior Features: Other
- Appliances: Dishwasher, Stainless Steel Appliance(s), Range Hood, Refrigerator, Range, Microwave, Gas Range, Gas Cooktop, Freezer
Exterior
- Exterior Features: Other, Rain Gutters
Parking
- Parking Features: Additional Parking, Gravel, Asphalt
Location
- County: La Porte
- Township: Wills
- Driving Directions: Highway 20 to just West of the Dogbone
School Information
- High School District: New Prairie United
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 6,369
- Year Built: 1933
Lot Features
- Lot Size (Acres): 5.43
- Lot Size (Sq. Ft.): 236,530.8
- Lot Features: Corner Lot
- Zoning: Commercial
Financial Considerations
- Tax Amount: $6,900
- Tax Year: 2026
- 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 .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
- Property ID: 460712300012000068
Listed by MTM Realty Group
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Schools
Schools serving 5201 US 20 Hwy E
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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5201 US 20 Hwy E
Date
Details
Price
Change
Source
10/23/2026
Listed
$725,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5201 US 20 Hwy E
5201 US 20 Highway E, Rolling Prairie, IN 46371 (MLS# 847292) is a Commercial property. 5201 US 20 Highway E is currently listed for $725,000 and was received on October 23, 2026. Want to learn more about 5201 US 20 Highway E? 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.

