$244,900 13640 Morse Street Cedar Lake, IN

MLS: 429527   Type: Commercial   County: Lake   City: Cedar Lake   Zip: 46303   Style: Retail  

Mortgage $1,150 /mo



Half Baths

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Just steps away from the lake, you will find this rare income opportunity. If you've ever wanted to own a home, plus have income property, here's your chance to do just that! Live in the house and rent out the adjacent commercial property...no problem! Live in the house and run your own business...again, no problem! Rent out both the home and the commercial property...yet again, no problem! The possibilities are endless. The home consists of two bedrooms (with the possibility of a third), spacious living room, eat in kitchen, bath, laundry, rear deck, and fenced yard. The commercial space is ideal, with ample storage and office area. Let's not forget about the 40x40 pole barn with large overhead doors. All this is situated on an over half acre lot, within walking distance to the lake. Both properties are currently rented (business is not included in sale) with long term tenants. The ease of accessibility, highly visible location, and return on investment make this a must see!

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Price History

2/19/2018 Listed $259,900
3/19/2018 1% - $257,400
3/26/2018 1% - $254,900
4/23/2018 2% - $249,900
5/9/2018 3% - $244,900

Property SubType Retail
Property Type Commercial
Subdivision N/A
Year Built 1950

Exterior Features

Lot Size Square Feet 22259.00
Parking Spaces 0

Property Schools

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Property vs Zip Code Avg (46303)

Price 244K Avg 630K

Sqr Feet 1,368 Avg 4,423

Cost / Sqr Ft $179 Avg $142

Acres 0.51 Avg 3.16

Visits 7 Avg 12

Days on Site 124 Avg 136

Walkscore® 27 Avg 26

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Location & Address

Debbie Rasala
310 E Lincolnway
Valparaiso, IN

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