Commercial Real Estate (Indiana State Definitions)

"Commercial real estate" means a parcel of real estate other than real estate containing one (1) to four (4) residential units. This term does not include single family residential units such as: condominiums; townhouses; manufactured homes; or homes in a subdivision; when sold, leased, or otherwise conveyed on a unit-by-unit basis, even if those units are part of a larger building or parcel of real estate containing more than four (4) residential units.