VERSATILE. SPACIOUS. FUNCTIONAL. Exceptional mixed-use investment opportunity featuring a caf, a spacious three-bedroom apartment, and a studio apartment, offering multiple income streams and outstanding versatility. The main-level caf features a spacious dining area, a separate commercial kitchen, a restroom, and plenty of storage, providing a functional layout for continued restaurant or caf 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.
Based on the average sale price from the South Bend, IN office
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Default based on a 30-year fixed rate of 6.49% 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.
Mortgage calculator provided courtesy of Inside Real Estate.
22 W Main Street Medora, IN is a Single Family Home for sale at $275000 with 3325 sqft and a lot size of 0.26 Acres Acre(s). 22 W Main Street Medora has 3 bedrooms, 3 baths and was built in 1928. The property's zip code is 47260 which is in Medora, IN
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Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.
Mortgage calculator provided courtesy of Inside Real Estate.
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