171 Commercial Road, Koroit, VIC 3282 | Property Value & History | OnTheHouse
FOR SALE

171 Commercial Road
Koroit VIC 3282

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 143m2
Land area: 506m2
This property is currently on the market
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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 and was built in 1900. The property has a land size of 506m2 and floor size of 143m2.This Property is currently listed for sale with Gleeson Real Estate

Building Type
House
Year Built
1900
Floor Size
143m2
Land Size
506m2
Local Government
Moyne
Lot/Plan
1/TP257644

Last Listing description (March 2026)

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.

Property History for 171 Commercial Rd, Koroit, VIC 3282

A timeline of how this property has performed in the market
Last Sold
$255,000
17 Nov 2016
Listed for Rent
$270/w
06 Mar 2018
  • 15 Mar 2026
    Listed for Sale Not Disclosed
  • 03 Dec 2024
    Listed for Sale $510,000 - $540,000
  • 26 Jul 2024
    Listed for Sale $560,000
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About Koroit 3282

The size of Koroit is approximately 42.0 square kilometres. It has 2 parks covering nearly 0.6% of 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 1,307 properties. Over the last 5 years, Houses in Koroit have seen a 34.00% increase in median value, while Units have seen a 67.39% increase. As at 28 February 2026:

  • The median value for Houses in Koroit is $640,471 while the median value for Units is $459,524.
  • Houses have a median rent of $600.
There are currently 17 properties listed for sale, and 1 property listed for rent in Koroit on OnTheHouse. According to Cotality's data, 65 properties were sold in the past 12 months in Koroit.

Suburb Insights for Koroit 3282

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.