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1055 State Road ## 37

Mitchell, IN 47446

ActiveListed Jan 19, 2026 · 236 days on market

Key facts

Living area
864 sqft
Lot
10.07 acres
Year built
1957
Type
Commercial Sale · Retail
MLS #
22080872
County
Lawrence
Total building area
864 sqft

About this home

ARE YOU A DREAMER READY TO FLY?! CONSIDER THIS 10.07 AC PRIME COMMERCIAL REAL ESTATE W/526 FEET OF SR 37 ROAD FRONTAGE READY FOR DEVELOPMENT & CONVENIENTLY SITUTATED APPROX 2 MILES SOUTH OF SR 60 IN MITCHELL * CURRENTLY OPERATING AS THE BELOVED "HOLIDAY DRIVE-IN THEATRE" THIS BEAUTIFUL PIECE OF PROPERTY IS SURROUNDED BY ROLLING FARMLAND * 864 SF CEMENT BLOCK BUILDING W/RESTROOMS * IMAGINE THE POSSIBILITIES THIS PRIME REAL ESTATE HAS TO OFFER WITH FANTASTIC ROAD FRONTAGE, VISIBILITY & ACCESSIBILITY * ELECTRIC, WELL & SEPTIC ON SITE * THE DEVELOPMENT OPPORTUNITIES & POSSIBLITIES ARE ENDLESS - RV PARK? * ALL THEATRE EQUIPMENT & CARPORT ARE EXCLUDED UNLESS OTHERWISE NEGOTIATED * DREAMS DO COME TRUE!

Description provided by the listing brokerage.

Exterior

Roof
Metal

Systems

Water
Well
Utilities
Cable AvailableElectricity ConnectedSeptic System

Lot and HOA

Zoning
Commercial

Schools

Middle school
Mitchell Jr High School
High school
Mitchell High School
School district
Mitchell Community Schools

Taxes

Estimated annual tax
$2,070 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$2,571per month, estimated
Principal and interest $2,243Property tax $173Insurance $156
20% · $89,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$445,000
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