70 Ems T16 Ln Leesburg, IN 46538
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.
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Lighthouse LIVE Nightclub DJ & Entertainment
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.