171 Commercial Road, Koroit, VIC 3282 | House for sale | OnTheHouse
 
FOR SALE
$540,000

171 Commercial Road
Koroit VIC 3282

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 506m2
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Investment Opportunity in Central Koroit

Positioned in the heart of Koroit's charming and tightly held main street, this remarkable heritage building offers a rare chance to secure a piece of the town's rich history while unlocking exciting future opportunities. Containing three parcels on one title and Zoned Commercial 1, there is so much opportunity to utilise this corner site now, or in the future.
Originally constructed around 1880, the former Robinson Brothers Grain Store stands proudly among Koroit's historic streetscape. The building retains many of the beautiful characteristics of its era, including high ceilings, solid stone walls and timber floorboards - features that create a unique atmosphere rarely found in modern properties.
Set on a generous 506m2 block, the property provides outstanding flexibility for those looking to renovate, restore or reimagine the space. Whether your vision is a distinctive residence, boutique retail space, cafe, holiday accommodation or an investment project, the size of the land and central location present exceptional opportunity.
The building is currently arranged to include a kitchen (with original solid fuel stove), lounge area with potbelly fire, three bedrooms, hallway and combined laundry/bathroom, along with an additional outdoor room. Outside, the property features a shed, small rainwater tank, carport and enclosed yard, leaving plenty of scope to further enhance the site.
Location is key, and this property delivers. Just steps from local pubs, cafes, restaurants, boutique shops and supermarket, everything Koroit has to offer is right at your doorstep.
For those seeking a property with character, history and exciting potential, this is a rare opportunity to secure a landmark building in one of Koroit's most prominent locations. Arrange your inspection today with Jeremy and discover the possibilities that await - ph. 5564 4555.
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Property Details for 171 Commercial Rd, Koroit

171 Commercial Rd, Koroit is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 506m2. The place is currently for sale with Gleeson Real Estate .

Building Type
House
Land Size
506m2
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About Koroit 3282

The size of Koroit is approximately 42.0 square kilometres. There are 2 parks, covering nearly 0.6% of the total area. The population of Koroit in 2016 was 2055 people. By 2021 the population was 2184 showing a population growth of 6.3% in the area during that time. The predominant age group in Koroit is 60-69 years. Households in Koroit are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Koroit work in a professional occupation.In 2021, 79.40% of the homes in Koroit were owner-occupied compared with 77.90% in 2016.

Koroit has 1,313 properties. Over the last 5 years, Houses in Koroit have seen a 25.95% increase in median value, while Units have seen a 9.15% increase. As at 30 June 2026:

  • The median value for Houses in Koroit is $669,382 while the median value for Units is $396,655.
  • Houses have a median rent of $620.
There are currently 23 properties listed for sale, and 2 properties listed for rent in Koroit on OnTheHouse. According to Cotality's data, 65 properties were sold in the past 12 months in Koroit.

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Jeremy Gleeson
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