350 Indian Boundary Road, Chesterton, IN 46304 (MLS# 368904)

350 Indian Boundary Road, Chesterton, IN 46304

$595,000

Presently doing business as the Gray Goose Inn Bed and Breakfast.

Public Entrance. There are two other entrances...one for employees and one for the main floor private residence.

Formal Gathering Area with gas log fireplace. You can burn wood in it if you wish. A comfy gathering area for the guests.

The east facing Sun Room is the most popular room at the Inn. Overlooks Lake Palomara and surrounding woods.

View of the porperty from the north/east side of Lake Palomara.

The Library, or Meeting Room, has a fireplace that has also been converted to a gas ceramic log. This room has been rented out for small local business meetings.

The Beverage Counter in the Meeting Room has an ice maker, small refrigerator, coffee and tea dispenser and more!

Property Type: Commercial Sale Square Footage: 6,320 Lot Size (sq. ft.): 131,725 Status: Closed

Current Price: $595,000 List Date: 4/03/2015 Last Modified: 6/19/2024

Overview

Description

Successful B&B in high traffic tourist area. Within 5 minutes of lake Michigan and Indiana State and National Lakeshore Casinos within 30 min drive. Located on Private Lake Palomara. Formerly the Summer Home of an Auto magnate where family gathered to enjoy holidays.. Property features 8 guest rooms, suites with Fp.and or Jacuzzi. A commercial Kitchen and Butlers pantry for private parties, meetings. Roomy owners quarters on first floor. Three car detached garage with Gift shop could be artist studio or fitness center. A large brick patio and screened Gazebo perfect for small weddings generating additional income. Scenic wooded walking trail around the lake. Most furnishing stay with the exception of a few pieces of furniture some art work and collectibles. Exquisite turn key opportunity.

Listing Details MLS# 368904

General Property Information

Living Area: 6320
Building Area Source: Appraiser
Year Built: 1939
Lot Size Acres: 3.024
Lot Size Square Feet: 131725
Lot Size Dimensions: IRR
Stories: 0

Property Features

Building Features: Business District Location; Concrete Ceiling(s); Exterior Lighting; Meeting Room; Patio; Private Restrooms; Public Restrooms; Strip Mall Location; Other Construction Materials: Brick; Frame Cooling: Central Air Current Use: Single Family Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Flooring: Carpet; Parquet; Tile; Other Foundation Details: Block Heating: Forced Air; Hot Water; Zoned Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Common; Paved Possible Use: Other Rail Availability: None Road Frontage Type: Easement Roof: Composition Security Features: Fire Escape; Other Tenant Pays: None Utilities: Electricity Connected; Natural Gas Connected; Phone Available; Sewer Available; Water Connected View: Water Waterfront Features: Lake Front Showing Requirements: 24 Hour Notice

Contract Information

Auction YN: No
Original List Price: 665900
Property Sub Type: Mixed Use
Listing Agreement: Exclusive Agency
Occupant Type: Owner

Location Tax and Legal

Street Number: 350
Street Name: Indian Boundary
Street Suffix: Road
County: Porter
State: IN
Postal Code: 46304
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: Successful B&B in high traffic tourist area. Within 5 minutes of lake Michigan and Indiana State and National Lakeshore Casinos within 30 min drive. Located on Private Lake Palomara. Formerly the Summer Home of an Auto magnate where family gathered to enjoy holidays.. Property features 8 guest rooms, suites with Fp.and or Jacuzzi. A commercial Kitchen and Butlers pantry for private parties, meetings. Roomy owners quarters on first floor. Three car detached garage with Gift shop could be artist studio or fitness center. A large brick patio and screened Gazebo perfect for small weddings generating additional income. Scenic wooded walking trail around the lake. Most furnishing stay with the exception of a few pieces of furniture some art work and collectibles. Exquisite turn key opportunity.

Status Change Information

Major Change Timestamp: 2015-07-29T12:25:07Z
Major Change Type: Status Change
Status Change Timestamp: 2015-07-29
Offer Acceptance Date: 2015-07-05
Close Date: 2015-07-29
Close Price: 595000
Buyer Financing: Other

More Information

Exemption Information

Exemption YN: Y

Income and Expenses

Expense Year: 2012
Insurance Expense: 4728
New Taxes Expense: 5001
Electric Expense: 0
Gross Income: 0
Gross Scheduled Income: 0
Maintenance Expense: 0
Manager Expense: 0
Net Operating Income: 0
Other Expense: 0
Professional Management Expense: 0
Sewer Expense: 0
Supplies Expense: 0
Total Actual Rent: 0
Trash Expense: 0
Water Expense: 0

Showing Requirements

Showing Instructions: Call Tami Bianco at 508-9703
24 Hour Notice: Yes

Historical Information

Public Historical Remarks: Utilities: On, Frontage Access: Public Road, Roof Structure: Pitched, Utilities: Lift Station

Location, Tax, and Legal

Tax Legal Description: Legal Description: PAR IN NW 31-37-5 S OF IBL DESC DR371 P145 3.024 ACRES TIF
Parcel Number: 640431154001000023
Township: Westchester
Directions: Rt. 49 to west on Indian Boundary to south on the access road right after The Lemon Tree restaurant.

Construction Materials

Brick: Yes
Frame: Yes

Cooling

Central Air: Yes

Electric

100 Amp Service: Yes
150 Amp Service: Yes
200+ Amp Service: Yes

Flooring

Carpet: Yes
Parquet: Yes
Tile: Yes
Other: Yes

Foundation Details

Block: Yes

Heating

Forced Air: Yes
Hot Water: Yes
Zoned: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Common: Yes
Paved: Yes

Road Frontage Type

Easement: Yes

Roof

Composition: Yes

Security Features

Fire Escape: Yes
Other: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Available: Yes
Sewer Available: Yes
Water Connected: Yes

View

Water: Yes

Waterfront Features

Lake Front: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Tenant Pays

None: Yes

Current Use

Single Family: Yes

Possible Use

Other: Yes

Building Features

Business District Location: Yes
Concrete Ceiling(s): Yes
Exterior Lighting: Yes
Meeting Room: Yes
Patio: Yes
Private Restrooms: Yes
Public Restrooms: Yes
Strip Mall Location: Yes
Other: Yes

Rail Availability

None: Yes

Listing Office: McColly Real Estate

Last Updated: June - 19 - 2024

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