1045 SW Fox Lake Road, Angola, IN 46703

Property Description

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. Are you ready to carve out a slice of history & make your mark on this lake?