291 EMS T25 Lane, Leesburg IN 46538 Photo 1 291 EMS T25 Lane, Leesburg IN 46538 Photo 2 291 EMS T25 Lane, Leesburg IN 46538 Photo 3 291 EMS T25 Lane, Leesburg IN 46538 Photo 4 291 EMS T25 Lane, Leesburg IN 46538 Photo 5 291 EMS T25 Lane, Leesburg IN 46538 Photo 6 291 EMS T25 Lane, Leesburg IN 46538 Photo 7 291 EMS T25 Lane, Leesburg IN 46538 Photo 8 291 EMS T25 Lane, Leesburg IN 46538 Photo 9 291 EMS T25 Lane, Leesburg IN 46538 Photo 10 291 EMS T25 Lane, Leesburg IN 46538 Photo 11 291 EMS T25 Lane, Leesburg IN 46538 Photo 12 291 EMS T25 Lane, Leesburg IN 46538 Photo 13 291 EMS T25 Lane, Leesburg IN 46538 Photo 14 291 EMS T25 Lane, Leesburg IN 46538 Photo 15 291 EMS T25 Lane, Leesburg IN 46538 Photo 16 291 EMS T25 Lane, Leesburg IN 46538 Photo 17 291 EMS T25 Lane, Leesburg IN 46538 Photo 18 291 EMS T25 Lane, Leesburg IN 46538 Photo 19 291 EMS T25 Lane, Leesburg IN 46538 Photo 20 291 EMS T25 Lane, Leesburg IN 46538 Photo 21 291 EMS T25 Lane, Leesburg IN 46538 Photo 22 291 EMS T25 Lane, Leesburg IN 46538 Photo 23 291 EMS T25 Lane, Leesburg IN 46538 Photo 24 291 EMS T25 Lane, Leesburg IN 46538 Photo 25 291 EMS T25 Lane, Leesburg IN 46538 Photo 26 291 EMS T25 Lane, Leesburg IN 46538 Photo 27 291 EMS T25 Lane, Leesburg IN 46538 Photo 28 291 EMS T25 Lane, Leesburg IN 46538 Photo 29 291 EMS T25 Lane, Leesburg IN 46538 Photo 30 291 EMS T25 Lane, Leesburg IN 46538 Photo 31 291 EMS T25 Lane, Leesburg IN 46538 Photo 32 291 EMS T25 Lane, Leesburg IN 46538 Photo 33
Listing Courtesy of Deb Paton Showley of Coldwell Banker Roth Wehrly Graber

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291 EMS T25 Lane - Unique opportunity with lake frontage of nearly 400 ft. on Lake Tippecanoe. This historical and popular landmark, Tippy Ballroom Gardens, has been a focal point on Tippy for nearly 115 years. There are several parcels included in this property. 4 community docks that are rented seasonally, 5 summer cottages as well as area for gas pumps and boat ramp. Tenants currently lease gas docks and cottages as well as Tippy Ballroom through the summer months. There is also nearly 15 acres of wooded area currently zoned and used as a campground. Ingress and egress options are where there are some rental cottages that could be removed for this purpose. Parking lot is located in between Tippy Ballroom and lake frontage. Site is ideal for restaurant or conference center, possibly condominiums on the acreage and have access for pier spaces. Rare and unique opportunity for investors and Tippy residents at this location. Many locals have grown up visiting the "Dance Hall" for teen dances which is what the location is known for. Tremendous potential for many options here. Qualified buyers only please. Virtual Tour

Listing information

  • MLS® ID: 201600445
  • Status: Active
  • Foreclosure: No
  • Subdivision: None
  • Style: Mixed Use
  • Stories: 1
  • Lot Size: 0x0
  • Year Built: 1900
  • New Construction: No
  • Body of Water: Tippecanoe Lake

Features

Auction Y/N No
BASEMENT/FOUNDATION Slab
Burglar Alarm Y/N No
COOLING None
Currently Leased Y/N Yes
DOCUMENTS AVAILABLE Aerial Photo, LBP Form, Sellers Disclosure
Equipment Y/N No
EXISTING FINANCING Other
EXTERIOR Aluminum
FENCE None
Fire Doors Y/N No
FIRE PROTECTION Public
FLOORING Concrete
HEATING/FUEL None
INTERIOR WALLS Drywall
INTERNAL ROOMS Storage, Workroom
LAKE TYPE Access to Ski Lake, Ski Lake
Lease Available Y/N No
LOCATION Other, Rural
Other Bldg1 Above Grd SqFt - 6852, Bldg1 Below Grd SqFt - 0, Bldg1 Fin. Office SqFt - 0, Bldg1 Story - 1, Bldg2 Above Grd SqFt - 920, Bldg2 Below Grd SqFt - 230, Bldg2 Fin. Office SqFt - 0, Bldg2 Story - 1, Bldg3 Above Grd SqFt - 100, Bldg3 Below Grd SqFt - 0, Bldg3 Fin. Office SqFt - 0, Bldg3 Story - 1, Ceiling Height - 18, Channel Frontage - 0, Interior Height - 12, Number of Buildings - 10, Parking Type - Lot, Water Frontage - 378
PARKING Gravel, Yes
Planned Unit Dev. Y/N No
PRESENT USE Gas Station, Other
Property SubType Mixed Use
PROPERTY USE Investment Property
PROPOSED FINANCING Cash, Conventional
PUBLIC UTILITIES Gas Hook-Up
REO Y/N No
Road Access County
Road Surface Gravel
ROOF MATERIAL Metal
SALE INCLUDES Building, Land
Security Gate Y/N No
Security Light Y/N Yes
SEWER Septic
Signs Y/N Yes
Smoke/Fire Alarm Y/N Yes
SPECIAL FEATURES Other
Sprinkler System Y/N No
Water Access Lakefront
WATER FEATURES Pier/Dock, Private Beach
Water Heater Y/N Yes
Water Softener Y/N Yes
Water Type Lake
WATER UTILITY Well
Waterfront Y/N Yes
Listing Courtesy of Deb Paton Showley of Coldwell Banker Roth Wehrly Graber