$550,000

1045 S West St Angola, IN 46703

Estimated payment $3,074/month

Total Views 135
8 Beds
4 Baths
6,985 Sq Ft
$79 Price per Sq Ft

Highlights

  • 321 Feet of Waterfront
  • Lake, Pond or Stream
  • Beamed Ceilings
  • Access To Lake
  • Wooded Lot
  • Walk-In Closet

About This Home

Auction held onsite, Saturday, October 11th, 2025, 10:00 AM Eastern | Open Houses Saturday, September 27 & Saturday, October 4, 2025, 10:00 - 11:30 AM Eastern | The price stated on this property is the assessed value. | This property may sell for more or less than the assessed value, depending on the outcome of the auction bidding. | $35,000 down day of the auction. | To see all terms, please visit our website. | Once in a lifetime opportunity to own amazing 3 Tract lakefront parcel containing 13,000+ sqft 4 unit (8 bed, 4 bath) apartment building, 10 car garage (all w/ R5 high-density multifamily zoning), beautiful countryside & 321’ of frontage on (skiing) Fox Lake—so much potential! Prime location SE of I-69 & US-20 intersection just outside Angola, easy access to major highways plus convenient shopping, dining & groceries in town w/ all benefits of country—fresh air, surrounded by nature & stunning waterfront views! Note: Tract 1 contains apartments (condo conversion zoned R5) & half acre on lakefront for total 6.9 acres & 321' of gorgeous lakefront. Tract 2 is 1.75 acres to south of apartments. Tract 3 is the combination of Tracts 1 & 2 (8.65 acres total). Fox Lake is picturesque body of water where you can enjoy fishing, boating & swimming. Outside dimensions of center building are 60’ x 50’ netting 2,850 sqft per floor, allowing for 10 vehicles in ground level garage. Space above garage is not finished, just waiting & ready for you to bring it to life! It features a wall of lakefront windows & can be turned into a communal space, office, another apartment—sky’s the limit! Apartments are tidy & well maintained w/ split 2 bedroom floor plan & one bath each. The apartment building is in great shape & has been well maintained from outside in. All 4 apartments are move-in ready w/ some variation in stages of updates. For example, 1 apartment has newer floors, some bathrooms have been updated, one apartment has stainless appliances, etc. All have open concept main living space w/ full waterfront views, full kitchen & bath w/ tub/shower combo. So many options for this property w/ space for new construction or build out, there’s plenty of space to go big! Convert to condos (8-12 units) or build the mega mansion of your dreams with the sparkling blue lake mere steps away, a relaxing & serene setting all year long! Are you ready to carve out a slice of history & make your mark on this lake?

Listing Agent

Tim McCulloch

Scheerer McCulloch Real Estate Listed on: 09/03/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,195

Year Built

  • Built in 1955

Lot Details

  • 8.65 Acre Lot
  • Lot Dimensions are 108 x 272 x 159 x 131 x 682 x 462 x 1138
  • 321 Feet of Waterfront
  • Lot Has A Rolling Slope
  • Wooded Lot

Home Design

  • Slab Foundation
  • Concrete Siding
  • Block Exterior
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Entrance Foyer
  • Water Views
  • Laundry in Kitchen

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Parking

  • 12 Car Garage
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Access To Lake
  • Waterski or Wakeboard
  • Lake, Pond or Stream

Schools

  • Ryan Park Elementary School
  • Angola Middle School
  • Angola High School

Utilities

  • Central Air
  • Space Heater
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Gas Water Heater
  • Water Softener is Owned
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • The owner pays for fuel
  • Assessor Parcel Number 76-06-33-000-001.000-011

Community Details

Building Details

  • Electric Expense $780
  • Fuel Expense $2,400
  • Insurance Expense $420
  • Maintenance Expense $990
  • Trash Expense $672
  • Water Sewer Expense $150

Additional Features

  • 4 Units
  • Community Storage Space

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,195

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Waterfront: Yes
  • Year Built: 1955
  • Age: 70
  • Style: Two Story
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: PT NE 1/4 NE 1/4 SEC 33 4.20A PT NE 1/4 SEC 33 .50A
  • Parcel Number ID: 76-06-33-000-001.000-011
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Storage, Cable Available, Ceilings-Beamed, Closet(s) Walk-in, Foyer Entry, Water Heater Gas, Water Softener-Owned
  • Parcel Id2: 76-06-33-110-133.000-011
  • Road Access: City
  • Road Surface: Paved
  • Monthly Gross Income: 5300
  • Year Taxes Payable: 2025
  • Special Features: Auction

Interior Features

  • Total Sq Ft: 14358
  • Total Finished Sq Ft: 6985
  • Above Grade Finished Sq Ft: 6985
  • Above Grade Unfinished Sq Ft: 7373
  • Price Per Sq Ft: 78.74
  • Basement Foundation: Slab
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Number Of Microwaves: 4
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Block, Concrete, Vinyl
  • Lake Type: Ski Lake
  • Water Features: Walk to Lake Access
  • Water Frontage: 321
  • Water Name: Fox Lake
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 12
  • Parking: Garage, Lot

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Space
  • Sewer: Septic
  • Water Utilities: Well
  • Water Type: Lake
  • Well Type: Private
  • Annual Electric: 780
  • Annual Fuel Expense: 2400
  • Annual Insurance Expense: 420
  • Annual Maintenance Expense: 990
  • Annual Trash Expense: 672
  • Annual Water Sewer Expense: 150
  • Number Of W D Hookups: 4

Schools

  • School District: MSD of Steuben County
  • Elementary School: Ryan Park
  • Middle School: Angola
  • High School: Angola
  • Elementary School: Ryan Park

Lot Info

  • Lot Description: Rolling, Waterfront, 6-9.999, Water View, Wooded
  • Lot Dimensions: 108 x 272 x 159 x 131 x 682 x 462 x 1138
  • Estimated Lot Sq Ft: 376794
  • Estimated Lot Size Acres: 8.65

Rental Info

  • Owner Pays: Fuel
  • Tenant Pays: Electric

Multi Family

  • Water Access: Frontage Lot
  • Gross Monthly Rent: 5300
  • Number Of Dishwashers: 4
  • Number Of Dryers: 4
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 4
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1194.98

MLS Schools

  • High School: Angola
  • Middle School: Angola
  • School District: MSD of Steuben County

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 For Sale $550,000 -- $79 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202535417

Indiana Regional MLS