Current Use by Public Records
- Commercial real estate
Property Details for 10794 State Rd 1 Hwy
- Year built
- 1961
- Lot size
- 1.97 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ossian
- County
- Wells
- State
- Indiana
- Longitude
- -85.1675
- Latitude
- 40.8996
