Adams Lake Pub

Retail-Commercial for Sale
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: 11/22/2023

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.

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
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

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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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