3960 E Bellefontaine Road Hamilton, IN 46742

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Mixed Use • 139Y Old

$575,000

3960 E Bellefontaine Road

0.20 Acres
Property Description

Discover a rare investment opportunity in the heart of Hamilton, Indiana – a 6-unit mixed-use property with 60 feet of lake frontage on Hamilton Lake. Nestled in a thriving lake community, this property presents a variety of potential uses. The current setup includes three 1-bedroom apartments for stable long-term rentals, and a fully furnished 3-bedroom apartment catering to the burgeoning demand for turnkey short-term rentals. Two storefront commercial spaces situated ideally at the main hub of Hamilton's activity offer prime visibility for businesses. Not to mention 4 dock slips that you can rent to others and use for yourself! Convenience is key with a private off-street driveway and a 1-car detached garage for added storage. Currently cash flowing, this property holds the promise of increased returns. Imagine running a multi-unit short-term rental business, leasing out office spaces, and enjoying a dock slip for your boat. Hamilton Lake, an all-sports lake spanning 800 acres, offers fishing, boating, and water recreation. Nearby golf courses and lakefront restaurants accessible by boat add to the appeal. Abundant options make this property a great setup for several use scenarios. Run a multi-unit Short Term Rental business and rent the commercial spaces to local businesses. Live in one unit, use a commercial space for your business, and let the remaining units contribute to covering your investment. Within walking distance to the public beach, adjacent to the popular Howie's on Hamilton restaurant, and part of a golf cart community, this property embodies value in a growing lake town. Seize the opportunity to own a piece of Hamilton's lakeside charm – where imagination knows no bounds, and the potential for this value-add property is as vast as the lake itself.

Directions

Second building on the Northeast corner of Bellefontaine Rd and Wayne St. in Hamilton, IN.

Map to 3960 E Bellefontaine Road, Hamilton, IN 46742

Property
MLS # 202406134
Date Listed 2024-02-27
Status Active
Property Type Commercial
Property SubType Mixed Use
New Construction No
Type Mixed Use
Basement Yes
Annual Taxes $4,233.88
Year Taxes Payable 2023
Year Built 1885
Virtual Tour propertypanorama.com »
Days on Market 119
Room Dimensions
Den 3 × 3000 Level
Master Bedroom 1500 × 596 Level
2nd Bedroom 336 × 0 Level
3rd Bedroom 6 × 3 Level
4th Bedroom 1 × 1 Level
External Features
Construction Mixed Use
Lot Size 8,712 sq ft
Acreage 0.20 Acres
Lot Dimensions 60 X 146
Fence None
Location
Area Steuben County
County Steuben
Subdivision None
Township Otsego
City Hamilton
State IN
Zip 46742
Financial
Assoc. Dues $0.00

MLS# 202406134
Listing Provided Courtesy of Scott Marker
Anchor Realty

Listing updated June 25, 2024 at 2:30 pm
Last checked 4 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Learn More About 3960 E Bellefontaine Road

Presented By
Schueler + Beckstedt Real Estate Group
(260) 301-4399
Email
Agent to Contact

By clicking "Message Agent", you agree to be contacted by Schueler + Beckstedt Real Estate Group about your request. Please see our Privacy Policy.