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    118 Maumee St Angola, IN 46703

    For Sale
    $350,000

    Versatile Commercial Building w/ Apartments

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property, located at 118 W Maumee Street in Angola, Indiana, presents a unique investment opportunity. The main floor offers ample space, ideal for a variety of businesses, featuring six individual offices, a dedicated conference room perfect for meetings and presentations, a convenient break room for staff, and separate restrooms for men and women. The layout is flexible and adaptable to suit diverse business needs. Upstairs, the property boasts three apartments, two of which are virtually move-in ready, providing immediate rental income potential. The third apartment requires some remodeling, offering a chance to increase the property's value and rental income further. The presence of a dry basement adds significant storage capacity, valuable for any commercial operation. The property sits on a sizable 0.88-acre lot, providing ample outdoor space and potential for future expansion or development. The asking price for this versatile commercial building is $350,000. This property is well-suited for a variety of uses, from professional offices to a mixed-use development, offering a strong return on investment. The combination of commercial space and rental apartments makes this a truly unique and attractive opportunity in the thriving Angola market. The existing infrastructure and layout provide a solid foundation for immediate occupancy and potential for long-term growth. Serious inquiries are encouraged to explore this exceptional property further.

    Property Features for 118 Maumee St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    38,333 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Angola
    County
    Steuben
    State
    Indiana
    Longitude
    -85.00026
    Latitude
    41.63515

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Commercial Building w/ Apartments
    Where is this commercial real estate located?
    The property is located at 118 Maumee St Angola, IN.
    What is the asking price?
    The asking price for this property is $350,000.
    (260) 665-3151
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    118 Maumee St Angola, IN 46703
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    Angola, IN 46703
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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
    118 Maumee St Angola, IN 46703
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