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Former Adams Lake Pub Restaurant 5365 E County Road 620 S

6,720 SF Retail Building Wolcottville, IN 46795 £693,220 (£103/SF)

Investment Highlights

  • Freestanding turn-key waterfront restaurant with 63’ of lake frontage on Adams Lake
  • 2019-building repairs, improvements and equipment updates
  • All licenses and state inspections are renewed and up-to-date

Executive Summary

Sale includes: utility shed (16’x26’), 2 gas fireplaces, 2 bars, a passenger elevator, upstairs private facility, 1 men’s & 1 women’s rest room upstairs with the same downstairs plus one employee rest room downstairs, service deck and bar with additional outdoor seating, 24 point security system with 14 camera surveillance, and a Cummins V-8 natural gas generator. Numerous renovations were complete in 2009, 2012, 2018, and 2021.
Densely populated with lake cottages, seasonal homes, and recreational enthusiasts, Adams Lake offers boaters, jet skiers, campers, and weekenders a fun, safe environment to enjoy the outdoors. Public and private boat docks are available at numerous locations around the 308-acre lake.
This is a place where the quiet lifestyles of a Mid-Western community and the bustle of small-town America come together in a peaceful co-existence. Close to 32,000 people live in this small rural farming community bordered on the north by Michigan, by Steuben County on the east, Elkhart County on the West, and Noble County to the south.
Aquatic activities are a major pastime for residents and visitors to LaGrange County. The 64 lakes dotting the county offer activities such as water skiing, swimming, boating and fishing. The population increases in the summer months as people from nearby cities travel in search of a relaxing, quiet summer retreat.
Within a 10-mile radius are the following lakes: Atwood, Barr, Big Long, Big Turkey, Blackman, Cree, Dallas, Eve, Hackenburg, Lake of Woods, Latta, Little Turkey, Martin, McClish, Messick, Moore, Nauvoo, Olin, Oliver, Pretty, Spectacle, Spring, Steinbarger, Sylvan, Tamarack, Taylor, Waldron, West, Westler and Witmer.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,720 SF
Building Class
B
Year Built/Renovated
2004/2009
Price
£693,220
Price Per SF
£103
Tenancy
Single
Number of Floors
2
Building FAR
0.11
Lot Size
1.39 AC
Zoning
Variance

Amenities

  • Waterfront

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 44-10-25-100-030.001-010
  • 44-10-25-100-050.000-010
Land Assessment
£221,439
Improvements Assessment
£351,623
Total Assessment
£573,062
  • Listing ID: 25715557

  • Date on Market: 16/05/2022

  • Last Updated:

  • Address: 5365 E County Road 620 S, Wolcottville, IN 46795

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