Property Type: Industrial/Commercial

Status: Active

Price: $3,500,000

MLS 309004

Address: 5445 Behm Road

City: Celina

Zip Code: 45822

Subdivision: Duckfoot Landing

PAD/Unit #:

Parcel ID: 090839000000

County: Mercer

Township: Franklin

Semi-Annual Taxes: $10,972

Tax Year: 2007

Lot Size: 38 Acres

Land Info: Residential Lot, Wooded, Crop Right, Building Restrictions , Survey, Tillable

Directions: ST RT 219 TO BEHM ROAD NORTH ALMOST TO THE END THEN LEFT TO RSTRT/BAR, CMPGRND, COTTAGES, FARM

Current Use: Multiple Uses

Rail Access: No

Interstate Access: No

Parking Spaces: 60

Road Type: Paved/Gravel

Total Expenses: $5160

Net Income: $91,426

Gross Income: $95,100

Occupancy: Negotiated/Tenants Rts

Zoning: Residential Zoning, Agricultural Zoning, Business Zoning

Lease Information: SAL

Possible Use: Restaurant, Bar, Special, Use (See Rmks)

Exterior:Concrete, Block, Oth Exterior (See Rmks)

Utilities: Shared Well, Sanitary Sewer, Propane, Septic, Well

Heating: Propane Heating, Heat Pump Heating

Cooling: Central Cooling

Inside Features: Gas Water Heater

Outside Features: Storage Shed, Handicap Facil, Security Lighting

Special Features: Restroom,Storage, Security Serv, Equip. Included

Parking: Private Parking, Lot Parking, On Site Parking, Gravel Parking

New Financing: Cash, Conventional

REMARKS: DUCKFOOT LANDING. Approx 38 acres of lake front, channel front, lake related investment property being offered in its entirety! D5 & D6 licensed restaurant/bar which is currently leased, 30 campsites, 54 multiple residential lots, some lake front, currently leased to cottage owners and farm land leased for crop share. Dome room added to bar area & patio fenced for enjoyment of Duckfoot guests & bands. Shower house, docks and well onsite. Lessees have access to a boat ramp to launch their boats in the water. Future expansion of the channel to the rear farm land could add more campsites, permanent residential lots or continued crop share leasing. Imagine the possibilities! Current campsite & cottage lot leases are based on a calendar year. (See supplemental info)

Supplemental Information: Sellers ask that current cottage owners have first right to purchase leased land before new development. Sellers maintain current gross income as a choice. An already thriving development waiting for your fresh ideas! New water lines. Cottage owners & bar leesees pay own taxes & county sewer. Sellers state there is a survey on file verifying the 38 acres. Bar leases for approx $1700 and that includes water & sewer. There are 53 lots of cottages, 3 lots go with the bar/restaurant, 2 lots are owned by sellers. Campground has 50 approved lots & 30 of those are leased at $1000 annually for channel front lots and $950 annually for non-channel front lots. New water lines have been installed in the campground.