Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3475 W Shoreline Dr Columbia City, IN 46725

    Sponsored
    For Sale
    Pending
    $90,000

    Residential Land - Columbia City, IN

    Lot size:
    0.29 Acres
    Days on Market:
    8
    Last Refresh:
    Feb 6 at 5:06 pm

    Property Features for 3475 W Shoreline Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    92-02-12-308-024.000-005
    Exterior features
    Shed, Pier/Dock
    Dock
    1
    Lot size
    0.29 Acres

    Utilities

    Water front features
    Waterfront Goose Lake, Waterfront, Waterfront Goose Lake, Waterfront Pier/Dock
    Water front
    1

    Building Details

    Architectural style
    Other
    Additional Structures
    Packing Shed, Shed(s)

    We can help!

    Listing Contact
    Adam Ertel
    Adam Ertel

    Coldwell Banker Real Estate Group (260) 489-3336

    Listing agent Adam Ertel (260) 244-7653 License #RB14036597

    Listing date Jan 30, 2026

    MLS# 202601481 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Lakefront Lot on Goose Lake

    This residential land is a lakefront lot on Goose Lake in Northern Whitley County. The level lot is approximately a third of an acre in size, specifically 0.288 acres, with 75 feet of lake frontage. The property is not in a flood plain. There was a structure on the property at one time, and Tri Lakes Sewer has been tapped. A 4-inch well head is present. Goose Lake is an approximately 84-acre fishing lake with a public access boat launch. Goose Lake is also home to the Goose Lake Wetland Conservation Area and is known for fishing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia City
    County
    Whitley
    State
    Indiana
    Longitude
    -85.556646
    Latitude
    41.241241

    Nearby Similar for Sale

    • $495,000
      13,500 SF

      Versatile Commercial Building in Columbia City

      Two-story commercial building with income potential in downtown Columbia City.
      215 E Van Buren St, Columbia City, IN 46725
      View Details
    • New
      $280,000
      5,000 SF

      Adaptable Commercial Building with Strong Infrastructure

      Spacious commercial building with excellent visibility and accessibility.
      550 W Old Trail Rd, Columbia City, IN 46725
      View Details
    • $399,900
      Pending

      Versatile Mixed-Use Property

      Mixed-use property in prime location with parking and operational space.
      505 W Business 30, Columbia City, IN 46725
      View Details
    • $189,000
      0.04 Acres

      Mixed-Use Retail Space with Apartment

      Retail space with apartment in downtown Columbia City, Indiana.
      207 W Van Buren St, Columbia City, IN 46725
      View Details
    • $289,900
      0.20 Acres

      Remodeled Mixed-Use Commercial Building

      Queen Anne-style building in downtown Columbia City with mixed-use zoning.
      126 N Main St, Columbia City, IN 46725
      View Details
    • $1,999,000
      1.70 Acres

      Columbia City Mixed-Use Opportunity

      Versatile commercial/industrial property in thriving business corridor.
      665 W Connexion Way, Columbia City, IN 46725
      View Details
    • $137,500
      2,142 SF

      Columbia City Triplex Investment Opportunity

      Triplex with three units, ideal for savvy investors.
      220 E Van Buren St, Columbia City, IN 46725
      View Details
    • $549,900
      0.17 Acres

      Commercial Property in Columbia City

      Commercial property approved for restaurant with duplex and convenience store potential.
      201 E Chicago St, Columbia City, IN 46725
      View Details
    • $137,500
      2,026 SF

      Columbia City Triplex Investment Opportunity

      Triplex in Columbia City offering investment potential and versatility.
      311 N Walnut St, Columbia City, IN 46725
      View Details
    • $289,900
      3,754 SF

      Columbia City Sixplex Investment Opportunity

      Fully occupied six-unit apartment building near downtown Columbia City.
      208 E Van Buren St, Columbia City, IN 46725
      View Details
    • $1,175,000
      7,920 SF

      Former Grocery and Gas Station

      7,920 SF commercial property on 4.72 acres in Columbia City.
      5418 S State Road 109, Columbia City, IN 46725
      View Details
    • $1,625,000
      22,185 SF

      ALDI Leased Investment Opportunity

      Retail property with long-term lease in a dense retail corridor.
      551 North Line St, Columbia City, IN 46725
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with lake frontage on Goose Lake, Northern Whitley County.
    Where is this residential land & home lot located?
    The property is located at 3475 W Shoreline Dr Columbia City, IN.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: - Lakefront lot on Goose Lake with **75 feet of frontage**.; - Tri Lakes Sewer already tapped and 4 inch well head present.; - Not in a flood plain.
    (260) 417-1132
    Request Owner's contact information
    3475 W Shoreline Dr Columbia City, IN 46725
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3475 W Shoreline Dr
    Columbia City, IN 46725
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3475 W Shoreline Dr Columbia City, IN 46725
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Adam Ertel
    Adam Ertel
    Real Estate License ID: RB14036597
    (260) 417-1132
    Learn more
    Google sign-in failed. Please try again or use another login method.