Listing courtesy of RE/MAX Results · Listing agent: Christy Thomson · Cell: 260-316-9940
118 S Elizabeth St
Angola, IN 46703
- Bedrooms
- 4
- Bathrooms
- 3
- Living area
- 4,790 sq ft
- Lot
- 0.21 ac
- Year built
- 1920
- Type
- Other
- Listed
- October 23, 2026
- MLS #
- 202643985
About this home
Calling all entrepreneurs and investors! Here's a unique opportunity in downtown Angola where business, investment, and residential living come together! Formerly home to The Hatchery restaurant, this property offers a combination of established commercial space, additional business possibilities, and a spacious 4-bedroom, 2-bath upper-level residence with its own private entrance. The main level is currently home to Cork N' Barrel, while the owners have retained the kitchen and rear portion of the building for their use. That additional space offers plenty of possibilities! Start your own business, explore expanding the existing tenant's space through negotiation, or bring an entirely new vision to life. Upstairs, you'll find a residence as spacious as many single-family homes, offering the opportunity to live where you invest or potentially rent it out for additional income. The current owners occupy the upper level and will vacate upon sale. With an existing commercial tenant, flexible space, restaurant history, and a full 4-bedroom residence, this property is anything but ordinary! Bring your ideas and discover the possibilities!
Monthly payment estimate
$2,315/mo
- Principal & interest
- $2,198
- Homeowners insurance
- $117
- Rate: Freddie Mac's 30-year fixed average for the week of October 22, 2026.
- Taxes: the seller's bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- Two
- Stories
- 2
- Total area
- 4,790 sq ft
- Finished area above grade
- 4,790 sq ft
- Bedrooms above grade
- 4
- Basement
- Slab
- Flooring
- Carpet, Ceramic Tile, Laminate, Vinyl
- Heating
- Gas, Forced Air, Wall Heater, Other Heating System
- Cooling
- Central Air
- HVAC
- Ceiling Fan
- Amenities
- Fireplace, ADA Features, Off Street Parking, Ceiling-9+, Closet(s) Walk-in, Deck Open, Detector-Smoke, Eat-In Kitchen, Foyer Entry, Water Heater Tankless, Washer Hook-Up
Exterior & parking
- Construction
- Brick, Wood Siding
- Parking
- Public Parking, On Street
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Corner Lot, 0-2.9999
- Lot size (acres)
- 0.21 ac
- Lot dimensions
- 120 x 75
- Location type
- City/Town/Suburb
- County
- Steuben County
- Township
- Pleasant
- Road frontage
- City Street
- Road surface
- Paved
- Platted
- Yes
- Planned unit development
- No
- Directions
- Start at The Mound in downtown Angola. Head north on N Wayne St. Turn left onto W Mill St. Turn left onto S Elizabeth St. Continue to 118 S Elizabeth St.
Schools
- Elementary school
- Hendry Park
- Middle school
- Angola
- High school
- Angola
- School district
- MSD of Steuben County
HOA & community
- Community amenities
- Sidewalks
Taxes & terms
- Annual taxes
- $1
- Tax year
- 25
- Assessed value
- $3,638
- Tax exemptions
- Homestead, Supplemental
- Listing terms
- Cash, Conventional
- Possession
- Negotiable
- Parcel number
- 76-06-26-311-516.000-012
Included in the sale
- Included in sale
- Building
Utilities
- Water
- City
- Sewer
- Public Sewer
- Electric provider
- REMC
Income & commercial
- Units
- 3
- Buildings
- 1
- Annual gross rent
- $21,600
- Net operating income
- $21,592
- Lease term
- Month To Month
- Pets allowed
- No
- Insurance (annual)
- $1
- Water & sewer (annual)
- $1
- Electric (annual)
- $1
- Fuel (annual)
- $1
- Trash (annual)
- $1
- Maintenance (annual)
- $1
Units
| Unit | Count | Beds | Baths | Rent | Garage |
|---|---|---|---|---|---|
| — | — | 0 | 2 | — | — |
| — | — | 0 | 0 | — | — |
| — | — | 4 | 2 | — | — |
Location
Schools
School district
MSD of Steuben County
From the district boundary map (NCES)
2,387 students · Graduation rate: 97.2% (Indiana 91.8%)
Confirm the schools for this address with MSD of Steuben CountyGrades K–5
Hendry Park Elementary SchoolPublic · Grades K–5 · 344 students · 0.4 mi away
As listed by the listing agent
- English (ILEARN)
- 40.1% · Indiana 42%
- Math (ILEARN)
- 44.5% · Indiana 42.7%
Grades 6
Angola Middle SchoolPublic · Grades 6–8 · 522 students · 1.2 mi away
As listed by the listing agent
- English (ILEARN)
- 38% · Indiana 42%
- Math (ILEARN)
- 40.7% · Indiana 42.7%
Grades 7–8
Angola Middle SchoolPublic · Grades 6–8 · 522 students · 1.2 mi away
The only school for these grades in MSD of Steuben County
- English (ILEARN)
- 38% · Indiana 42%
- Math (ILEARN)
- 40.7% · Indiana 42.7%
Grades 9–12
Angola High SchoolPublic · Grades 9–12 · 695 students · 1.5 mi away
The only school for these grades in MSD of Steuben County
- Graduation rate
- 97.2% · Indiana 91.8%
- SAT reading & writing
- 53.2% · Indiana 51.9%
- SAT math
- 28.2% · Indiana 25.6%
Public schools nearby (3)
- Carlin Park Elementary School
Public · Grades PK–5 · 341 students · 0.8 mi away
- Ryan Park Elementary School
Public · Grades K–5 · 394 students · 1.6 mi away
- Pleasant Lake Montessori School
Public · Grades K–6 · 91 students · 4.2 mi away
Figures: enrollment (2025-26 school year), ILEARN (spring 2026), graduation rate (class of 2025), and SAT (spring 2026).
ILEARN: share of students in grades 3–8 proficient on Indiana's state test. SAT: share of 11th graders meeting the college-readiness benchmark. Distances are in a straight line.
Sources: U.S. Department of Education, NCES Common Core of Data; U.S. Department of Education, NCES EDGE school district boundaries; Indiana Department of Education, Data Center & Reports.
Indiana Home Match doesn't rate or rank schools. Attendance boundaries change, so confirm with the district before you buy.
Area guide
Living in Angola
Neighborhoods, schools, cost of living and local housing trends — our guide to life in Angola.
Read the Angola guide