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OFF-MARKET
Specialty properties

70 Ems T16 Ln Leesburg, IN 46538

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
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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