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Mixed-Use Building with Residence

118 S Elizabeth St, Angola, IN 46703

For Sale
$399,900

The property combines an operating ground-floor business, additional kitchen and rear space, and a four-bedroom residence above.

Property Size4,790 SF
Price / SF$83.49
Days on Market15

Property Features for 118 S Elizabeth St

General Information

Standard status Active
Size 4,790 SF
Property subtype Residential Income

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $1.00
Listing Agency: RE/MAX Results
Listed By: Christy Thomson
Source: Exprealty
Added: Oct 23 Changed: Nov 6 Last Checked: Nov 6 at 2:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results

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Investment Insights

Based on property information with market context.

This 4,790-square-foot mixed-use property pairs ground-floor commercial space with an upper-level residence. Cork N' Barrel occupies part of the main floor, while the kitchen and rear section remain in the owners’ use. The residence has four bedrooms, two bathrooms, and a separate entrance. The owners currently live there and plan to vacate upon sale.

The commercial and residential components offer distinct spaces within one building at 118 S Elizabeth St in Angola, Indiana. The retained kitchen and rear area are part of the property, alongside the space occupied by the existing business.

Key Highlights

  • 4,790‑square‑foot mixed‑use property
  • Cork N' Barrel currently occupies part of the main floor
  • Four‑bedroom, two‑bath upper‑level residence

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Bakery Electrical Service Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

720
Businesses Nearby
38k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 67% Dining 33%
Dollar General Shops & Services
8,662 visits/mo 0.1 miles
Marathon Petroleum Shops & Services
7,657 visits/mo 0.3 miles
Wings Etc. Dining
4,637 visits/mo 0.1 miles
SUBWAY Dining
4,478 visits/mo 0.4 miles
AutoZone Shops & Services
4,403 visits/mo 0.4 miles

Demographics for 46703, IN

18,837
Population
9,755
Households
1.9
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
121.1 sq mi
ZIP Area
156
Density / Sq Mi
$69,940
Median Household Income
$31,554
Median Earnings
$892
Median Rent
$221,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines an operating ground-floor business, additional kitchen and rear space, and a four-bedroom residence above.
Where is this mixed-use property located?
The property is located at 118 S Elizabeth St Angola, IN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 4,790‑square‑foot mixed‑use property; Cork N' Barrel currently occupies part of the main floor; Four‑bedroom, two‑bath upper‑level residence
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