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    Turnkey Restaurant and Bar on Lake Title is generated by Realmo AI

    7610 S Lake Street, Hamilton, IN 46742

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    For Sale
    $839,900

    Restaurant/Bar, Bar,Restaurant - Hamilton, IN

    Property size:
    3,800 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $221/SF
    Added:
    Apr 6, 2026
    Days on Market:
    56
    Last Refresh:
    May 31 at 1:06 pm

    Property Features for 7610 S Lake Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Kitchen, Office
    Parking features
    Off Street
    Interior features
    Drywall, Wood, 110 Volts, 220 Volts, Single Phase, Three Phase, Handicap Access, Living Space, Basement, Delivery Door, Office Space, Public Restrooms, Ventilating/Exhaust Fans, Refrigeration/Freezer
    Exterior features
    110 Volts, 220 Volts, Single Phase, Three Phase, Handicap Access, Living Space, Basement, Delivery Door, Office Space, Public Restrooms, Ventilating/Exhaust Fans, Refrigeration/Freezer, Pier/Dock, Walk To Lake Access, Deeded
    Dock
    1
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    76-10-33-410-113.000-010
    Size
    3,800 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2558

    Utilities

    Heating system
    Electric (Heating), Forced Air, Heat Pump (Heating), Natural Gas
    Cooling system
    Central Air, Heat Pump, Multi Units
    Water front features
    Waterfront Hamilton Lake, Walk To Lake Access, Waterfront, Waterfront Hamilton Lake, Waterfront Pier/Dock
    Water front
    1

    Building Details

    Year built
    1920
    Floors in Building
    1
    Flooring type
    Laminate, Vinyl
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Christine Kroft

    Listing agent Christine Kroft License #RB1404316

    Listing office CENTURY 21 Bradley Realty, Inc 2928 E Dupont Road, Fort Wayne, IN

    Listing date Apr 6, 2026

    MLS# 202611893 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.

    HighLights

    • Prime waterfront location on Hamilton Lake with 81 feet of lake frontage and six private docks
    • Turnkey restaurant and bar operation with all appliances, furniture, fixtures, dishware, seasonal décor, and catering equipment included
    • Includes a 210‑1 transferable liquor license
    • Expansive 900 sq ft elevated deck with seasonal igloo enclosure and awnings for year‑round use and lake views
    • Nearly 3,800 sq ft of beautifully updated restaurant space
    • Lower level with potential for conversion to residential use, owner's quarters, or expanded business opportunities

    Overview

    This fully renovated, turnkey restaurant and bar, known as Lakers Landing, is located on the shores of Hamilton Lake. The property features 81 feet of lake frontage and six private docks, providing accessibility and visibility for boaters and local patrons. An expansive elevated deck spans approximately 900 square feet and is designed for year-round use, featuring a seasonal igloo enclosure for cooler months and awnings for shade during the summer, all while showcasing lake views. The interior includes nearly 3,800 square feet of updated restaurant space. The sale includes all appliances, furniture, fixtures, dishware, seasonal décor, and catering equipment. A 210-1 transferable liquor license is included. The lower level, previously an apartment, offers potential for conversion back to residential use, private owner quarters, or expanded business opportunities. The property is located in Hamilton, Indiana, in Steuben County. The lot size is 0.12 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Pharmacy Big Box & Wholesale Store Kitchen & Bath Showroom Department Store

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

    Similar Places Nearby

    • Fish and Game — Railroad St, Hamilton, IN 46742
    • Hamilton Fish & Game Club — 110 W Railroad St, Hamilton, IN 46742

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Steuben
    State
    Indiana
    Longitude
    -84.914012
    Latitude
    41.534222

    FAQs

    What type of property is this?
    Bar & Pub - Fully renovated restaurant and bar with lake frontage and docks.
    Where is this bar & pub located?
    The property is located at 7610 S Lake Street Hamilton, IN.
    What is the asking price?
    The asking price for this property is $839,900.
    What are key features of this property?
    This property features: Prime waterfront location on Hamilton Lake with **81 feet of lake frontage and six private docks**; **Turnkey restaurant and bar operation** with all appliances, furniture, fixtures, dishware, seasonal décor, and catering equipment included; Includes a 210‑1 transferable liquor license
    (260) 466-7402
    We can help!
    Listing Contact
    Christine Kroft
    Real Estate License ID: RB1404316
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    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.

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