3158 S State Road 2, Valparaiso, IN 46385

$900,000
Property Type: Commercial Sale Square Footage: 10,050 Lot Size (sq. ft.): 26,572 Status: Closed
Current Price: $900,000 List Date: 2/02/2023 Last Modified: 2/22/2024

Overview

Description

An opportunity to own The Abbey. A Valparaiso landmark restaurant, lounge, and Inn located in the upscale neighborhood of Aberdeen. The restaurant has a fully equipped modern kitchen, Three (3) dining areas and a full bar can accommodate 100 people. The outdoor seats 50 people. The Abbey comes with a 3 way liquor license. The kitchen, restaurant, bar and patio are all new. Almost everything from the restaurant, bar, and Inn remains with the sale. The Inn features 11 private suites with baths. 8,000 autos per day travel past the Abbey on IN Road 2 providing excellent exposure. However, once inside, guests and patrons are secluded amongst the mature oak tress surrounding the property. the Links at Aberdeen, one of Indiana's premier 18 hole golf course is less than a quarter mile away. Call for an appointment to view one of the best dining and lodging experiences located in Northwest Indiana.

Listing Details MLS# 525612

General Property Information

Living Area
10050
Building Area Source
Assessor
Accessibility Features YN
Yes
Year Built
1949
Lot Size Acres
0.61
Lot Size Square Feet
26572
Lot Size Dimensions
228 x 138
Waterfront YN
No
Stories
2

Property Features

Building Features: Atrium; Balcony; Business District Location; Courtyard; Exterior Lighting; Patio; Private Restrooms; Sheet Rock Ceiling(s); Suspended Ceiling(s) Construction Materials: Block; Brick; Frame; Stone Cooling: Central Air Current Use: Commercial Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Flooring: Carpet; Tile; Wood; Other Foundation Details: Block; Concrete Perimeter Heating: Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Lot Features: Corner Lot Parking Features: Private Possession: Negotiable Possible Use: Commercial; Medical/Dental; Office; Place of Worship; Other Rail Availability: None Road Frontage Type: State Road Roof: Aluminum; Composition Security Features: Fire Escape Special Licenses: Liquor Tenant Pays: None Utilities: Cable Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected Water Source: Public Showing Requirements: Appointment Only

Contract Information

Original List Price
1690000
Property Sub Type
Retail
Property Attached YN
No
Listing Agreement
Exclusive Agency
Common Interest
Planned Development
Occupant Type
Owner

Location Tax and Legal

Street Number
3158
Street Direction Prefix
S
Street Name
State Road 2
County
Porter
State
IN
Postal Code
46385
Subdivision Name
Aberdeen Ph A

Remarks and Miscellaneous

Public Remarks
An opportunity to own The Abbey. A Valparaiso landmark restaurant, lounge, and Inn located in the upscale neighborhood of Aberdeen. The restaurant has a fully equipped modern kitchen, Three (3) dining areas and a full bar can accommodate 100 people. The outdoor seats 50 people. The Abbey comes with a 3 way liquor license. The kitchen, restaurant, bar and patio are all new. Almost everything from the restaurant, bar, and Inn remains with the sale. The Inn features 11 private suites with baths. 8,000 autos per day travel past the Abbey on IN Road 2 providing excellent exposure. However, once inside, guests and patrons are secluded amongst the mature oak tress surrounding the property. the Links at Aberdeen, one of Indiana's premier 18 hole golf course is less than a quarter mile away. Call for an appointment to view one of the best dining and lodging experiences located in Northwest Indiana.

Status Change Information

Major Change Timestamp
2024-02-16T20:52:31Z
Major Change Type
Price Reduced
Price Change Timestamp
2024-02-16T20:52:31Z
Status Change Timestamp
2024-01-05
Offer Acceptance Date
2023-11-29
Close Date
2024-01-05
Close Price
900000
Concessions
No
Buyer Financing
Conventional

More Information

Building Features

Building Dimensions
120 x 51

Exemption Information

Exemption YN
N

Frontage Type

Frontage Length
228

Income and Expenses

New Taxes Expense
10791
Trash Expense
1200

Showing Requirements

Showing Instructions
Call 48 Hours in Advance of Showing. Not Available Wednesday

Historical Information

Public Historical Remarks
Zoning: BUSO, Utilities: On, Roof Structure: Gable, Fire Protect: Fire Extinguishers
Listing Office: Century 21 Alliance Group
Last Updated: February - 22 - 2024
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