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Property profile & analytics
OFF-MARKET
Commercial real estate

70 Ems T16 Ln Leesburg, IN 46538

2.17 ac lot Built 1957
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 70 EMS T16 Lane in Leesburg, Indiana, presents a unique investment opportunity. Spanning 18,872 square feet on a 2.17-acre lot, this building, constructed in 1955, offers immense potential for a variety of special purpose uses. Currently zoned Commercial, its prime location ensures high visibility and accessibility. The property boasts a rich history as a successful restaurant and bar, featuring both indoor and outdoor entertainment spaces. The expansive layout includes open patios directly on the waterfront, previously utilized for live music and other community events. The property's previous use as a combined lake marina and entertainment venue highlights its versatility and adaptability. This substantial building provides ample space for creative redevelopment, catering to a wide range of commercial ventures. The significant square footage, combined with its desirable waterfront location and established entertainment infrastructure, makes this a truly exceptional opportunity for an investor seeking a unique and high-impact property in the Leesburg area. The asking price is $1,950,000. Serious inquiries only.

Property profile
Verified
Property type Commercial real estate
Year built 1957
Lot 2.17 ac (94,525 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lighthouse LIVE Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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