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: See Agent
Ceiling: 8 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Usable Size (USF): 600 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/23/2023

Overview / Comments

Investment lake property opportunity
Nearly 65 feet of lake frontage with docks
2 Retail/office opportunities, ground level
4 Apartments with one currently on Air B&B
Lakefront views from apartments
Situated between a coffee shop and Howie's on Hamilton Lake

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 Air B&B, 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 Air B&B, 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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