Catylist ID:
#30835730
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. |
Attachments & Media
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 |
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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