291 Ems T25, Leesburg, IN 46538 | MLS 201600445 | Listing Information | Real Living Homes & Beyond | Real Living Real Estate
Real Living Homes & Beyond
260-463-2881

291 Ems T25,  Leesburg IN, 46538

2 baths
Status: Active
MLS#: 201600445
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Real Living Homes & Beyond
260-463-2881

Listing Provided Courtesy Of: Coldwell Banker Roth Wehrly Graber
Last Updated: 12/10/2016 9:32 PM
Description for 291 Ems T25 Leesburg, IN 46538
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.
Price
$4,500,000
None
Kosciusko County
2
201600445
Active
Description
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.
Listing Information
Property Type: Mixed Use, Other
2 1900
Plain//
None
Well
Septic
Neighborhood
Room Information
Interior Features
None
Exterior / Lot Features
Gravel
None
0X0
C-1 Gener>
Beach-Private, Lake, Other, Rural, Country Road, Gravel Road
Driving Directions
Armstrong Rd. (500 N.) to EMS T25 Ln. to lakefront
Financial Considerations
43-07-12-300-267.000-016
$0
Listing Price History

Leesburg Real Estate

Leesburg is located in Indiana. Leesburg, Indiana 46538 has a population of 643.

The median household income in Leesburg, Indiana 46538 is $49,554. The median household income for the surrounding county is $50,822 compared to the national median of $53,046. The median age of people living in Leesburg 46538 is 34.8 years.

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Courtesy: Coldwell Banker Roth Wehrly Graber Deb Paton Showley
Information is provided exclusively for consumers' personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2016, Kosciusko Multiple Listing Service, Inc.
Information is deemed reliable but is not guaranteed.

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