70 Ems T16 Ln Leesburg, IN 46538
This exceptional commercial property in Leesburg, Indiana, presents a unique investment opportunity. Located at 70 EMS T16 Ln, 46538, this 18,872 square foot property boasts a prime location on Tippecanoe Lake within a centralized lake community. Built in 1955 and zoned Commercial, the property offers significant flexibility for a variety of special purpose uses. The layout includes three main buildings: a 476 square foot bar building, a 7,260 square foot building, and a 4,512 square foot building, plus an additional 7,000 square foot building. Previously operating as a successful restaurant and bar, the property features extensive indoor and outdoor entertainment spaces, including open patios directly on the lakefront. The property's history includes live music and other entertainment offerings. Note that the property includes underground gas tanks. The asking price is $1,950,000. This substantial property offers a rare chance to acquire a large, established commercial space with significant lakefront access in a desirable Indiana community. Its adaptable design and prime location make it ideal for a wide range of specialized ventures.
-
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.