204 Killen Rd Memphis, IN 47143
Estimated payment $2,623/month
Highlights
- Deck
- Covered Patio or Porch
- Formal Dining Room
- Mud Room
- First Floor Utility Room
- 2 Car Detached Garage
About This Home
This isn't just a home — this is a COMMERCIALLY ZONED income opportunity on 5+ acres, with a turnkey residence and a 2,400 sqft (40x60) concrete block pole barn built for business. The massive structure is B2-zoned, spray-foamed, and on its own dedicated electric and Wi-Fi, making it ideal for a home-based business, rental income, or tax-write-off work space that offsets your mortgage.
Inside the 3 bed, 3 bath home, you’re welcomed by an open living room that connects to the dining space and updated kitchen featuring white cabinetry, newer appliances, and a large center island. A full bathroom and mudroom/laundry off the back adds daily function, while the main floor primary suite boasts two oversized closets and a private bath. Upstairs are two additional bedrooms and another full bathroom.
Outside, enjoy peaceful views from the large back deck, the flexibility of a 2-car garage, and endless room to breathe or build. Whether you’re dreaming of a mini-farm, a small business headquarters, or passive rental income, this property is zoned and ready to make it happen. And for the right buyer, the seller is open to offering seller financing.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,580
Year Built
- Built in 1945
Lot Details
- 5.22 Acre Lot
- Landscaped
- Property is zoned Commercial
Parking
- 2 Car Detached Garage
- Garage Door Opener
- Driveway
Home Design
- Frame Construction
Interior Spaces
- 2,071 Sq Ft Home
- Blinds
- Mud Room
- Formal Dining Room
- First Floor Utility Room
- Utility Room
- Crawl Space
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
Outdoor Features
- Deck
- Covered Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Propane
- Electric Water Heater
- On Site Septic
Listing and Financial Details
- Assessor Parcel Number 10000050930
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $428 | $27,700 | $27,700 | $0 |
| 2023 | $360 | $23,100 | $23,100 | $0 |
| 2022 | $229 | $18,200 | $18,200 | $0 |
| 2021 | $216 | $15,600 | $15,600 | $0 |
| 2020 | $216 | $15,500 | $15,500 | $0 |
| 2019 | $286 | $18,900 | $18,900 | $0 |
| 2018 | $292 | $19,500 | $19,500 | $0 |
| 2017 | $349 | $22,500 | $22,500 | $0 |
| 2016 | $374 | $23,800 | $23,800 | $0 |
| 2014 | $1,486 | $91,300 | $91,300 | $0 |
| 2013 | -- | $82,400 | $82,400 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/21/2025 11/21/25 | Price Changed | $475,000 | -4.0% | $229 / Sq Ft |
| 11/10/2025 11/10/25 | For Sale | $495,000 | 0.0% | $239 / Sq Ft |
| 11/05/2025 11/05/25 | Pending | -- | -- | -- |
| 10/17/2025 10/17/25 | For Sale | $495,000 | -- | $239 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $50,000 | -- | |
| Warranty Deed | -- | None Available |
Source: Southern Indiana REALTORS® Association
MLS Number: 2025011843
APN: 10-10-18-500-006.000-032
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