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Mariah Cressy

mariahcressy@cressyeverett.com +1(574) 339-4941

Listed by Williams Carpenter Realtors

$275,000

Est. payment - /mo

3 Beds

3 Baths

3,325 SqFt

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Key Details

Property Type Single Family Home

Sub Type Site-Built Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,325 sqft

MLS Listing ID IRM202630510

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1928

Annual Tax Amount $2,502

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 80 x 142

Property Sub-Type Site-Built Home

Property Description

VERSATILE. SPACIOUS. FUNCTIONAL. Exceptional mixed-use investment opportunity featuring a café, a spacious three-bedroom apartment, and a studio apartment, offering multiple income streams and outstanding versatility. The main-level café features a spacious dining area, a separate commercial kitchen, a restroom, and plenty of storage, providing a functional layout for continued restaurant or café operations. Whether you're looking to continue the current business or introduce a new concept, this space offers excellent potential. The three-bedroom, one-bath apartment provides comfortable living accommodations with a spacious layout. Step inside to a bright living room, creating a welcoming atmosphere. To the right, you'll find the kitchen and laundry area, while straight ahead is one bedroom. To the left are two additional bedrooms and a full bathroom. The apartment also features a fenced-in front yard, offering a private outdoor space to enjoy. Also included is a spacious studio apartment filled with natural light. The studio features a well-designed open living area, a kitchen with ample cabinet storage, and a bathroom with a stand-up shower, making it ideal for rental income, owner occupancy, or guest accommodations. Some of the most recent updates include a fire suppression system installed in the kitchen, all new electrical completed in 2021, all new plumbing completed in 2021, and new flooring. Additional improvements include sealed concrete and brick. Utilities are provided by Duke, Midwest Natural Gas, and Town of Medora Water. Whether you're an investor seeking multiple income opportunities or an entrepreneur looking to operate a business while generating residential rental income, this unique property offers outstanding flexibility and long-term potential. With three distinct spaces under one property, this exceptional investment offers the rare opportunity to combine business ownership with multiple residential income streams.

Location

State IN

Rooms

Basement Crawl Space

Interior

Interior Features Cable Available, Ceiling Fan(s), Countertops-Laminate, Landscaped, Main Floor Laundry

Heating Gas, Forced Air

Inclusions Refrigerator, Cooktop-Electric, Oven-Electric

Fireplace N

Exterior

View Y/N true

Building

Lot Description Irregular Lot

Story One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

Elementary Schools Medora

Middle Schools Medora

High Schools Medora

School District Medora Community School Corp.

Others

Pets Allowed No

Tax ID 36-53-34-104-071.000-004

Acceptable Financing IRM202630510

Listing Terms IRM202630510

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202630510

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Mariah Cressy

+1(574) 339-4941

Broker

22 W Main ST Medora, IN 47260

Mariah Cressy

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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