5201 E Us Highway 20, Rolling Prairie, IN 46371
$875,000
Property Type:
Commercial Sale
Square Footage:
3,585
Lot Size (sq. ft.):
233,046
Status:
Active
Current Price:
$875,000
List Date:
1/24/2026
Last Modified:
4/24/2026
Overview
Description
Listing Details MLS# 833211
General Property Information
- Number Of Units Total
- Yes
- Living Area
- 3585
- Building Area Source
- Assessor
- Accessibility Features YN
- Yes
- Year Built
- 1933
- Parking Total
- 30
- Lot Size Acres
- 5.35
- Lot Size Square Feet
- 233046
- Lot Size Source
- Assessor
- Waterfront YN
- No
- Basement YN
- Yes
Property Features
Accessibility Features:
Accessible Approach with Ramp; Accessible Bedroom; Accessible Doors
Basement:
Unfinished
Building Features:
Exterior Lighting; High Speed Internet; Mixed Use; Public Restrooms
Business Type:
Mixed; Restaurant
Construction Materials:
Wood Siding
Cooling:
Central Air; Other
Current Use:
Commercial; Investment; Mixed Use; Parking Lot; Residential; Single Family
Electric:
200+ Amp Service
Heating:
Forced Air; Natural Gas
Listing Terms:
Cash; Conventional
Owner Pays:
All Utilities
Parking Features:
Gravel
Possession:
Negotiable
Possible Use:
Commercial; Development; Highway/Tourist Service; Investment; Mixed Use; Multi-Family; Office; Recreational; Residential; Retail; Single Family; Warehouse
Rail Availability:
None
Roof:
Shingle
Sewer:
Septic Tank
Special Listing Conditions:
Standard
Tenant Pays:
None
Utilities:
Cable Connected; Electricity Connected; Natural Gas Connected
View:
Rural
Water Source:
Well
Contract Information
- Auction YN
- No
- Original List Price
- 950000
- Property Sub Type
- Mixed Use
- Listing Agreement
- Exclusive Right To Sell
- Seller to consider offering concessions
- Yes
- Occupant Type
- Owner
Location Tax and Legal
- Street Number
- 5201
- Street Direction Prefix
- E
- Street Name
- Us Highway 20
- County
- La Porte
- State
- IN
- Postal Code
- 46371
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Major Change Timestamp
- 2026-04-24T16:44:36Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2026-04-24T16:44:36Z
- Status Change Timestamp
- 2026-01-24
More Information
Exemption Information
- Exemption YN
- Yes
Showing Requirements
- Showing Instructions
- Please call Listing Agent to Schedule around business hours
Location, Tax, and Legal
- School District
- New Prairie United
- Elementary School
- Rolling Prairie Elementary School
- Middle Or Junior School
- New Prairie Middle School
- High School
- New Prairie High School
- Tax Annual Amount
- 7534
- Tax Year
- 2025
- Tax 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
- Parcel Number
- 460712300012000068
- Township
- Wills
- Directions
- Near the 2 and 20 Dogbone, on the corner of Wiley Rd and US Highway 20
- Cross Street
- Wiley Rd
- Census Tract
- 418
Accessibility Features
- Accessible Approach with Ramp
- Yes
- Accessible Bedroom
- Yes
- Accessible Doors
- Yes
Basement
- Unfinished
- Yes
Construction Materials
- Wood Siding
- Yes
Cooling
- Central Air
- Yes
- Other
- Yes
Electric
- 200+ Amp Service
- Yes
Heating
- Forced Air
- Yes
- Natural Gas
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Gravel
- Yes
Possession
- Negotiable
- Yes
Roof
- Shingle
- Yes
Sewer
- Septic Tank
- Yes
Special Listing Conditions
- Standard
- Yes
Utilities
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
View
- Rural
- Yes
Water Source
- Well
- Yes
Owner Pays
- All Utilities
- Yes
Tenant Pays
- None
- Yes
Current Use
- Commercial
- Yes
- Investment
- Yes
- Mixed Use
- Yes
- Parking Lot
- Yes
- Residential
- Yes
- Single Family
- Yes
Possible Use
- Commercial
- Yes
- Development
- Yes
- Highway/Tourist Service
- Yes
- Investment
- Yes
- Mixed Use
- Yes
- Multi-Family
- Yes
- Office
- Yes
- Recreational
- Yes
- Residential
- Yes
- Retail
- Yes
- Single Family
- Yes
- Warehouse
- Yes
Building Features
- Exterior Lighting
- Yes
- High Speed Internet
- Yes
- Mixed Use
- Yes
- Public Restrooms
- Yes
Business Type
- Mixed
- Yes
- Restaurant
- Yes
Rail Availability
- None
- Yes
Listing Office:
REMAX County Wide 1st
Last Updated: April - 24 - 2026
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