REDUCED! Lake Front Office/Retail Investment

Office for Sale
Catylist Listing ID: 30835730
Property Subtypes: Flex Space, Office Building
Building Size (RSF): 600 SF
Gross Building Area: 4,800 SF
Gross Land Area: 0.20 Acres
Sale Price: $665,000
Unit Price: $1,108 PSF
Ceiling: 8 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Usable Size (USF): 600 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2023

Overview / Comments

PRICE REDUCED (was $700,000).
Owner open to creative financing or contract purchase!
Nearly 65 feet of lake frontage with docks
Situated between a coffee shop and Howie's on Hamilton
All 4 apartments are fully rented, reserved multiple times through Airbnb this year
Apartments have positive income thus far

NE Indiana is well known as a recreational lake area with over 200 lakes! This investment opportunity is nicely tucked in on the main intersection of Bellefontaine Road and SR 427/Wayne Street between a popular restaurant and coffee shop. With nearly 5,000 sq. ft. of space including 4 apartments, one of which is offered as an Airbnb, and 2 office/retail spaces. This is an income-generating property with great potential.

This property offers nearly 65 feet of lake frontage, docks, lakefront views for the apartments and the lower Airbnb, lakeside amenities, and an onsite storage garage. Everything it takes to operate this property.

Additional Details

Nearest MSA: Angola
County: Steuben
Tax ID/APN: 761033410106000010
Property Visibility: Excellent
Highway Access: I69
Site Description: Lake Front
Area Description: Hamilton Lake
Total Number of Buildings: 2
Number of Stories: 3
Year Built: 1885
Year Renovated: 2023
Roof Type: Other
Exterior Description: Good condition
Parking Type: Surface, Other
Parking Description: Street
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Window Unit
Zoning Description: Residential
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 935 2,229 6,705
Median Age: 45.51 47.54 44
Households: 406 946 2,621


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