6500 1170Hudson, IN 46747

Property Details for 6500 1170

Year built

2006

Construction

WOOD

Lot size

0.72 AC

Property size (Sq ft)

5,140 SF

Property type

Turn key restaurants

APN

44-09-25-200-000.001-013

APU

440925200000001013

Description

Exceptional opportunity to acquire a thriving, turnkey restaurant located on the shores of Lake of the Woods in Hudson, Indiana. This Class A property, built in 2006 and completely renovated in 2007, boasts 5,140 square feet on a 0.82-acre lot (APN: 44-09-25-200-000.001-013). The single-story building is zoned L-1 (Lake District) and features ample parking to accommodate its busy clientele. Currently operating at 100% occupancy, this established business includes all equipment, booths, and furnishings, representing a seamless transition for the new owner. Its iconic status within the community and excellent reputation are further testaments to its success. The property's prime location benefits from strong demographics, with 157 households within a one-mile radius spending over $5 million annually on discretionary goods and services. Average household income exceeds $91,000, and home values surpass $260,000 in this desirable area. This is a rare chance to own a successful, established restaurant with significant growth potential in a highly sought-after lakeside community. The asking price is $465,000 ($90.47/sq ft).

• CAP approach

  CAP return

  Valuation

  6%

  $1,421,102

  6.5%

  $1,311,787

  7%

  $1,218,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $255,041

  Geo Method

  $255,041

• Alternative Use

  Use

  Valuation

  Residential

  $1,106,541

  Hospitality

  $1,013,586

  Educational

  $843,292

  Medical

  $872,294

  Retail

  $1,311,787

Location Insight

City

Hudson

County

Lagrange

State

Indiana

Latitude

41.5484

Longitude

-85.2001

Property Tax & Assessments

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