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    10794 State Rd 1 Hwy Ossian, IN 46777

    For Sale
    $500,000

    Established Business, Prime Location, High Returns

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional commercial property, located at 10794 N State Road 1 Highway in Ossian, Indiana, presents a remarkable investment opportunity. Boasting a 1.97-acre lot, this well-established business has thrived since 1961, offering a rich history and proven profitability. The property includes a fully equipped commercial kitchen, perfect for catering and large-scale events. A significant asset is the existing liquor license, expanding the potential revenue streams. The sale includes a comprehensive inventory of catering and reception equipment, along with two vehicles, ensuring a smooth transition for the new owner. Detailed equipment and supply lists are available upon request. The property's convenient location, just minutes from I-469, provides excellent accessibility and visibility. The business also features a lighted gardens reception hall, creating an elegant and inviting atmosphere for events. Note that the ice machine is leased, while the coffee machine is owned by the business (coffee beans are purchased from the supplier, and the machine is provided at no additional cost). This turnkey operation offers immediate income potential and significant upside for a savvy investor. Priced at $500,000, this is a rare chance to acquire a profitable, established business with substantial growth potential.

    Property Features for 10794 State Rd 1 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    85,813 SF

    Building Details

    Year Built
    1961
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ossian
    County
    Wells
    State
    Indiana
    Longitude
    -85.1675
    Latitude
    40.89956

    Nearby Comparable

    • $500,000
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      Established Reception Hall and Catering

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      10794 N State Rd 1 Hwy, Ossian, IN 46777
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      Retail/Office Building with Divisible Land

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      Well-Maintained Office Building in Ossian

      Highly visible Ossian building with ample parking and state road frontage.
      312 N Jefferson St, Ossian, IN 46777
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    Nearby Similar for Sale

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    • $500,000
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      Established Reception Hall and Catering

      Well-established business opportunity with commercial kitchen and liquor license.
      10794 N State Rd 1 Hwy, Ossian, IN 46777
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    FAQs

    What type of property is this?
    Commercial real estate - Established Business, Prime Location, High Returns
    Where is this commercial real estate located?
    The property is located at 10794 State Rd 1 Hwy Ossian, IN.
    What is the asking price?
    The asking price for this property is $500,000.
    (260) 622-1000
    Request Owner's contact information
    10794 State Rd 1 Hwy Ossian, IN 46777
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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 State Rd 1 Hwy Ossian, IN 46777
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