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    10794 N State Rd 1 Hwy Ossian, IN 46777

    For Sale
    $500,000

    Other/Unknown, Other - Ossian, IN

    Lot size:
    1.97 Acres
    Days on Market:
    527
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 10794 N State Rd 1 Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Kitchen, Office
    Bathrooms
    4
    APN
    90-02-09-100-004.000-008
    Parking
    150
    Parking features
    Paved or Surfaced
    Interior features
    Drywall, Wood, Handicap Access, Delivery Door, Office Space, Reception Area, Refrigeration/Freezer
    Exterior features
    Handicap Access, Delivery Door, Office Space, Reception Area, Refrigeration/Freezer
    Accessibility
    Accessible Approach with Ramp
    Lot size
    1.97 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1961
    Floors in Building
    1
    Flooring type
    Carpet, Concrete, Wood
    Roof type
    Metal, Rubber
    Architectural style
    Other

    BKM Real Estate (260) 824-3982 [email protected]

    Listing agent Samual Haiflich (260) 622-1000 License #RB14049250

    Listing date Jun 27, 2024

    MLS# 202304666 Listing URL

    Copyright © 2025 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Reception Hall and Catering

    This well-established business, operating since 1961, is located minutes from I-469. The property includes a commercial kitchen, liquor license, complete book of business, catering and reception equipment, and two vehicles. A list of equipment and supplies is available upon request. The business opportunity includes a lighted gardens reception hall and catering service. The ice machine is leased, and the coffee machine is owned by the company with coffee purchased from them for free machine use. The property is located in Ossian, IN, in Wells County, and has a lot size of 1.97 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wedding venues

    Map

    City
    Ossian
    County
    Wells
    State
    Indiana
    Longitude
    -85.167497
    Latitude
    40.899563

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    FAQs

    What type of property is this?
    Wedding venue - Well-established business opportunity with commercial kitchen and liquor license.
    Where is this wedding venue located?
    The property is located at 10794 N State Rd 1 Hwy Ossian, IN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Established business since 1961 with a complete book of business.; - Includes a commercial kitchen, liquor license, catering & reception equipment, and 2 vehicles.; - Located just minutes from I-469.
    (260) 622-1000
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10794 N State Rd 1 Hwy Ossian, IN 46777
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