5540 Rolling Run

Leo, IN 46765

$150,000
Price
49,502 / 1.14
Lot Size / Acres

Description

IMAGINE - this lot, along with a small number of others available, are wonderfully unique in so many ways. There are so many people who aspire to build a home in the country – hoping to have a larger amount of land, some privacy, perhaps an outbuilding for many different reasons. Unfortunately, the process to accomplish this feat is long, expensive, and a daunting task, with most applications being rejected. With septic system requirements so stringent and the cost of infrastructure improvements...IMAGINE - this lot, along with a small number of others available, are wonderfully unique in so many ways. There are so many people who aspire to build a home in the country – hoping to have a larger amount of land, some privacy, perhaps an outbuilding for many different reasons. Unfortunately, the process to accomplish this feat is long, expensive, and a daunting task, with most applications being rejected. With septic system requirements so stringent and the cost of infrastructure improvements becoming so cost prohibitive, we created Whisper Creek – we’re trying to bridge that gap! The development is open to all builders; so whether you have your builder chosen or not, we’re here to assist you, every step of the way. Drive-by the development and see for yourself how beautiful these lots literally are. You can find this two-street neighborhood off Tonkel Rd roughly 4 miles north of Dupont Rd between Hosler Rd (to the south) and Schlatter Rd (to the north). Need financing, ask us about that as well, and we’ll connect you with the best options available for your situation. We were fortunate enough to create a similar type of subdivision back in the late 1990’s on a smaller scale and it was a great hit. It’s time once again to have a repeat scenario with this new luxury micro-community. If you’re looking for large lot sizes, picturesque, and natural views, plus the option to have an approved outbuilding - give us a visit.
  1. Listed by Ken Steury • Coldwell Banker Real Estate Group • Cell: 260-417-5777

Property Details for 5540 Rolling Run

Subdivision
Whisper Creek
Waterfront
No
Water Features
None
LISTING UPDATED: 02/02/2026 07:31 PM

Property Details for 5540 Rolling Run

StatusActive
MLS #202603257
Days on Market6
Taxes$25 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLots & Lands / Residential Land
Year Built-
Lot Size1.14 AC
CountyAllen County

Location

Listing Courtesy of Coldwell Banker Real Estate Group
Add your commute

Building Information for 5540 Rolling Run

Building Size-Lot Size1.14 AC

Payment Calculator

$733 per month

30 year fixed, 6.15% Interest

Principal and Interest

$731

Property Taxes

$2

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5540 Rolling Run

Summary
Location and General Information
  • Area: Allen County
  • City: Leo
  • Zip Code: 46765
  • State: IN
  • Township: Cedar Creek
  • Geo Latitude: 41
  • Geo Longitude: -85
  • Section Number: 1
  • Road Access: State
  • Fips Code: 18003
  • Directions To Property: Tonkel Rd between Hosler Rd and Schlatter Rd on east side - Rolling Run Ct is the new south entrance of a new development known as Whisper Creek.
  • Sea Wall Type: None
  • Location: Subdivision
  • Road Frontage: County
Taxes and HOA
  • Parcel Description: Slope
  • Annual Taxes: $25
  • Association Dues $: $.00
  • Assoc Dues Frequency: Annually
  • Year Taxes Payable: 2025
  • Parcel Number Id: 02-03-18-160-010.000-042
School Information
  • School District: East Allen County
  • Elementary: Cedarville
  • Middle School: Leo
  • High School: Leo
Parking
  • Parking: Private
Property
Lot Information
  • Class: LOTS AND LAND
  • Property Subtype: Residential Land
  • Approx Lot Size Acres: 1.138
  • Lot Dimensions: 145x310x160x290
  • Lot Number: 20
  • Approx Lot Size Sqft: 49502.0
  • Date Lots Available: Day of Close
Property and Assessments
  • Can Property Be Divided?: No
  • Curb: No
  • Documents Available: Plat Map
  • Easements: Yes
  • Improvements: Storm Sewers, Underground Service
  • Planned Unit Development: No
  • Platted Development: Yes
  • Side Of Road: South
  • Structure/Building Improvements: No
  • Type Use: Residential
Green Features
  • Exemptions: No Exemptions
Utilities
  • Cable Company: Frontier
  • Electric Company: AEP/I&M
  • Electricity Type: Available
  • Fuel Type: Gas
  • Gas Company: NIPSCO
  • Sewer Type: City
  • Water Utility: Private, Well
Interior and Exterior Features
Exterior Features
  • Fence: None
  • Platted: Yes
  • Rail Siding: No
  • Road Surface: Paved
Rental
Rental Information
  • Leased Acres: No

Property History for 5540 Rolling Run

DateEvent & SourcePriceAppreciation
Feb 2, 2026

Listed (Active)

Indiana Regional MLS #202603257

$150,000—
Jan 1, 2026

Expired

Indiana Regional MLS #202432693

—
Aug 26, 2024

Listed (Active)

Indiana Regional MLS #202432693

$150,000—
DateEvent & SourcePrice
02/02/2026

Listed (Active)

Indiana Regional MLS #202603257

$150,000
01/01/2026

Expired

Indiana Regional MLS #202432693

—
08/26/2024

Listed (Active)

Indiana Regional MLS #202432693

$150,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5540 Rolling Run

This home is within East Allen County Schools.
Rating
School
Type
Grades
Distance
Cedarville Elementary School
Public - K to 3
Leo Elementary School
Public - 4 to 6
Leo Junior/Senior High School
Public - 7 to 12
Woodlan Intermediate
Public - K to 6
Rating
School
Distance
Cedarville Elementary School
PublicK to 3

Leo Elementary School
Public4 to 6

Leo Junior/Senior High School
Public7 to 12

Woodlan Intermediate
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5540 Rolling Run, Leo, IN 46765

5540 Rolling Run is a 1.14 ac of land for sale in Leo, IN 46765. This property was listed for sale on February 2, 2026 by Coldwell Banker Real Estate Group, it's currently listed at $150,000. This listing's school district is East Allen County Schools. Nearby schools include Cedarville Elementary School, Leo Elementary School and Leo Junior/Senior High School. 5540 Rolling Run is a 0-bed, 0.5-bath, 1.14 ac of land on a 49,502 sq. ft. / 1.14 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Real Estate Group

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.