3960 E Bellefontaine Road Hamilton, IN $ 599,900
3960 E Bellefontaine Road
$ 599,900
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3960 E Bellefontaine Road

Hamilton, IN, 46742
$ 599,900
Baths6.0 Sq 3,710

Monthly Estimate*

$ 3,987

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Studio

Commercial Property for sale in Hamilton, IN

for $599,900 with 6 full baths. This 3,710 square foot building was built in 1885 on a lot size of 0.2.

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.

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Commercial Active

Price

$ 599,900

Bedrooms

Studio

Full Bath

6

Property Type

Commercial

Taxes

$ 4,233

Style

Mixed Use

Lot Size

0.2

Year Built

1885

Town/City

Hamilton

County/Region

Steuben

MLS | Web ID

202406134

Features
General
Heating Electric Gas Baseboard Forced Air
Cooling Window
Ceiling Height 8
Roof Flat Metal
Parking Yes Gravel Off-Street Public
Water Access Type Lakefront
Sewer City
# of Buildings 3
Status Active Active
Bathrooms 6
Year Built 1885
New Construction No
Subdivision None
Stories 3
Township Otsego
Class COMMERCIAL
Present Use Investment Property
Type Mixed Use
Age 139
Special Features Basement Office Space
REO No
Area Steuben County
Location City
City Hamilton
Street Name Bellefontaine
Legal Description OP LOT 5 BLK 14 & 11 X60' WALL ON LOT 6 BLK 14 TOWN OF HAMILTON
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202406134
Agent First Name Scott
Agent Last Name Marker
DOM 97
Tax Year 2023
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Exterior
Road Access City
Exterior Brick Vinyl
Water Frontage 60
Driveway Gravel
Number of Parking Spaces 3
Waterfront Lake
Lot Size Area 8712
# of Docks 2
Lot Dimensions 60 X 146
Parking Type Off street Street Public
Fence None
Water Features Pier/Dock
Lake Ski Lake
Waterfront Y/N Yes
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Interior
Flooring Mixed
Basement/Foundation Walk-Out Basement
Walls Drywall
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* Excluded Features
List By
Scott Marker

Listing Agent

Anchor Realty

Broker

scott@anchorrealty101.com

Email

Affordability Calculator

$4,340
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,987
Monthly Property Taxes
$353
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/29/2024$599,900 -4.00% Price Down
2/27/2024$624,900 Listed Price

Map


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3960 E Bellefontaine Road, Hamilton, IN, 46742 is a Commercial Property for sale at $599,900 with 3,710 sqft and a lot size of 0.2. 3960 E Bellefontaine Road is a studio with 6.0 baths and was built in 1885. The property's zip code is 46742 which is in Hamilton, IN