Current Use by Public Records
- Land
Property Details for 6611 Old Sr 63
- Lot size
- 5.44 lot acres
- Property type
- Land
- Property subtype
- Hospitality properties
Description
This exceptional 5.44-acre property in Hillsdale, Indiana, presents a unique investment opportunity in the hospitality sector. Located at 6611 S Old SR 63, Vermillion County, this turnkey business boasts a main building previously operating as "The Beer Cooler," offering a rustic charm ideal for a restaurant or bar. The property also includes three cabins and three campsites, each equipped with water and electric hookups. Currently, the cabins are rented month-to-month, with tenants transitioning to six-month leases starting July 1, 2023. The sale includes all existing equipment, excluding tenant personal belongings, such as a pool table, furniture, security system, commercial kitchen appliances (freezer, pizza oven, prep table, fryer, range, grill), and more. Three separate septic tanks service the property, recently serviced nine months ago. The property features separate electric meters for the commercial building and rental units. Situated near the Wabash River and benefiting from high summer traffic, this location offers significant potential. The extensive wooded area on the property provides additional possibilities, such as expanding the campsites, creating a wedding venue, or developing a hunting lodge. The asking price is $365,000. Pets are allowed on the property, but must be kept leashed. The sale is contingent on the existing leases
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
- Hillsdale
- County
- Vermillion
- State
- Indiana
- Longitude
- -87.4106
- Latitude
- 39.8782
