3045 State Road 8Albion, IN 46701

  • Commercial real estate
  • 0.84 AC
For Sale
$385,000 View listing

Property Details for 3045 State Road 8

Year built
1950
Lot size
0.84 AC
Property type
Commercial real estate

Description

This exceptional commercial property presents a unique investment opportunity in Albion, Indiana. Situated on 0.84 acres, the property features a former restaurant building, previously operating as a lakeside establishment known as the Lake House restaurant. The sale includes all existing restaurant equipment, offered in "as-is" condition. This provides a blank canvas for a new culinary venture or the potential for repurposing the space for a different commercial use. The property's prime location on Skinner Lake in Noble County offers stunning views and high visibility, attracting potential customers and tenants. Adding significant value to this offering are six (6) mobile home properties currently generating rental income. This diversified income stream provides a stable return on investment, supplementing the potential revenue from the restaurant building. The property's size and existing infrastructure offer considerable flexibility for future development or expansion. This is a rare chance to acquire a multifaceted commercial property with significant income potential and a desirable lakeside location. The property is priced at $385,000 and is ready for a new owner to capitalize on its numerous possibilities. Serious inquiries are encouraged.

Location Insight

City
Albion
County
Noble
State
Indiana
Latitude
41.3966
Longitude
-85.366

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