Catylist ID:
#28658377
| Catylist Listing ID: | 28658377 |
| Property Subtypes: | Restaurant, Tavern/Bar/Nightclub |
| Building Size (RSF): | 6,720 SF |
| Gross Land Area: | 1.39 Acres |
| Sale Price: | See Agent |
| Property Use Type: | Investment |
| Building Name: | Adams Lake Pub |
| Sale Terms: | Cash to Seller, Sale/Leaseback |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/15/2023 |
Overview / Comments
|
Sale includes: utility shed (16’x26’), 2 gas fireplaces, 2 bars, a passenger elevator, upstairs private facility, 1 men’s & 1 women’s rest room upstairs with the same downstairs plus one employee rest room downstairs, service deck and bar with additional outdoor seating, 24 point security system with 14 camera surveillance, and a Cummins V-8 natural gas generator. Numerous renovations were complete in 2009, 2012, 2018, and 2021. Densely populated with lake cottages, seasonal homes, and recreational enthusiasts, Adams Lake offers boaters, jet skiers, campers, and weekenders a fun, safe environment to enjoy the outdoors. Public and private boat docks are available at numerous locations around the 308-acre lake. This is a place where the quiet lifestyles of a Mid-Western community and the bustle of small-town America come together in a peaceful co-existence. Close to 32,000 people live in this small rural farming community bordered on the north by Michigan, by Steuben County on the east, Elkhart County on the West, and Noble County to the south. Aquatic activities are a major pastime for residents and visitors to LaGrange County. The 64 lakes dotting the county offer activities such as water skiing, swimming, boating and fishing. The population increases in the summer months as people from nearby cities travel in search of a relaxing, quiet summer retreat. Within a 10-mile radius are the following lakes: Atwood, Barr, Big Long, Big Turkey, Blackman, Cree, Dallas, Eve, Hackenburg, Lake of Woods, Latta, Little Turkey, Martin, McClish, Messick, Moore, Nauvoo, Olin, Oliver, Pretty, Spectacle, Spring, Steinbarger, Sylvan, Tamarack, Taylor, Waldron, West, Westler and Witmer. |
Attachments & Media
Additional Details
| Nearest MSA: | Fort Wayne |
| County: | LaGrange |
| Tax ID/APN: | 44-10-25-100-030.001-010; 44-10-25-100-050.000-010; 44-10-25-100-030.003-010 |
| Zoning: | VARIANCE |
| Market Type: | Small |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation |
| Property Visibility: | Excellent |
| Area Description: | - Located within close proximity of several lakes and golf courses. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Property Condition: | Excellent |
| Year Built: | 2004 |
| Year Renovated: | 2009 |
| Parking Description: | Ample parking. |
| Zoning Description: | Variance |
| Water Service: | Well |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 2,504 | 8,759 |
| Median Age: | 42.08 | 43.35 |
| Households: | 998 | 3,467 |
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