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    11650 County Road 87 Lakeview, OH 43331

    For Sale
    $375,000

    Prime Lakeview location, multiple income streams.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity in Lakeview, Ohio, presents a unique blend of commercial and residential income potential. Situated on a spacious 2.8-acre lot (125,017.2 sq ft, APN 43-017-10-01-009-000), the property boasts a substantial barn featuring an office, workshop, and garage space, ideal for various business ventures. The barn also offers ample covered storage, capable of accommodating approximately 250+ boats, reflecting its previous use as Pontoon Man Marine. Adding to the property's versatility is a three-bedroom, one-and-a-half-bathroom house currently occupied by long-term tenants, providing a consistent rental income stream. The property's prime location near Indian Lake offers excellent visibility and accessibility, making it an attractive proposition for a wide range of businesses. This single-story building presents a rare chance to acquire a well-established property with significant expansion potential. The asking price is $375,000. Further details are available upon request.

    Property Features for 11650 County Road 87

    General Information

    Property type
    Specialty properties

    Building Details

    Stories
    1

    HighLights

    • Exceptional investment opportunity in Lakeview, Ohio, combining commercial and residential income.
    • 2.8‑acre lot (125,017.2 sq ft, APN 43‑017‑10‑01‑009‑000) with substantial barn including office, workshop, and garage.
    • Barn offers ample covered storage (approx. 250+ boats).
    • Includes a three‑bedroom, 1.5‑bathroom house with long‑term tenants.
    • Prime location near Indian Lake offers high visibility and accessibility.
    • Asking price: $375,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Auto Repair Shop Hotel & Motel Kitchen & Bath Bar & Pub Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeview
    County
    Logan
    State
    Ohio
    Longitude
    -83.9223378
    Latitude
    40.4995357

    Nearby Comparable

    • $375,000
      2,336 SF

      Lakeview Commercial Property Investment

      Prime Indian Lake location, multiple buildings, high potential.
      11650 Co Rd, Lakeview, OH 43331
      View Details
    • Contact for pricing
      0.06 Acres

      Land in Lakeview, Ohio

      40x60 ft lot with utilities available, suitable for RV living.
      1124 N Oak St, Lakeview, OH 43331
      View Details

    Nearby Similar for Sale

    • $278,000
      2,918 SF

      Lakeview Commercial Property For Sale

      Commercial property in Lakeview, OH, suitable for church or business.
      13699 Oh-235, Lakeview, OH 43331
      View Details
    • $375,000
      2,336 SF

      Lakeview Commercial Property Investment

      Prime Indian Lake location, multiple buildings, high potential.
      11650 Co Rd, Lakeview, OH 43331
      View Details

    FAQs

    What type of property is this?
    Specialty property - Prime Lakeview location, multiple income streams.
    Where is this specialty property located?
    The property is located at 11650 County Road 87 Lakeview, OH.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity in Lakeview, Ohio, combining commercial and residential income.; 2.8-acre lot (125,017.2 sq ft, APN 43-017-10-01-009-000) with substantial barn including office, workshop, and garage.; Barn offers ample covered storage (approx. 250+ boats).
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    Lakeview, OH 43331
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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
    11650 County Road 87 Lakeview, OH 43331
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