Sale includes 10 Unit apartment building (currently fully leased and generating $4525 per month) Bait Shop Building ( currently generating $500 per month for seven (7) months per year) Two (2) commercial/ industrial garages (currently not leased) Pay Lake Additional acreage available !
Off market
$612,900
2162 N Us Highway 231, Spencer, IN 47460
20beds
9,000sqft
Apartment Building
Built in 1960
19.15 Acres Lot
$612,900 Zestimate®
$68/sqft
$1,752 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 28
- Full bathrooms: 20
- 1/2 bathrooms: 8
Interior area
- Total interior livable area: 9,000 sqft
Property
Parking
- Total spaces: 60
Lot
- Size: 19.15 Acres
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Apartment Building
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Septic
Community & neighborhood
Location
- Region: Spencer
Other
Other facts
- Sale/Rent: For Sale
- FLOORING: Carpet, Concrete
- LEASE TERM: Month to Month, 1 Year, Negotiable
- LOT DESCRIPTION: Level, Lake
- OWNER PAYS: Water, Lawn Maintenance, Maintenance, Trash Collection
- TENANT PAYS: Cable, Cooling, Electric, Heating, Fuel
- Platted Y/N: Yes
- AMENITIES: Off Street Parking, Cable Available
- COOLING: Window
- EXTERIOR: Brick, Block
- PARKING: Off Street, Gravel, Private
- DRIVEWAY: Gravel
- GAS COMPANY: Vectren Energy
- Style: One Story
- ROOF MATERIAL: Asphalt
- Assoc. Dues Frequency: Not Applicable
- Property SubType: Apartment Building
- ARCHITECTURAL STYLE: Ranch
- Association ID: Bloomington BOR
- BASEMENT MATERIAL: Other
- LAKE TYPE: Other
- BASEMENT/FOUNDATION: Slab
- Township: Washington
- HEATING/FUEL: Baseboard
- COMMON AMENITIES: Sidewalks
- ENERGY EFFICIENT: Appliances
- ELECTRIC COMPANY: REMC
- WATER COMPANY: Other
- WATER UTILITY: Well
- Outbuilding: Outbuilding
- SEWER: Septic
- LOCATION: Rural
- Waterfront Y/N: Yes
- CABLE COMPANY: DirectTV
- Water Type: Lake
- Water Access: Lakefront
- ENRGY EFFICIENT WIN/DOORS: Multi Pane Windows
- WATER FEATURES: Walk to Lake Access
- GREEN CERTIFICATIONS: Other-See Remarks
- Water Name: Aero Lake
Services availability

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.