Listing courtesy of RE/MAX Results · Listing agent: Christy Thomson · Cell: 260-316-9940

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118 S Elizabeth Street

$399,900

$83.49 / sq ft

Angola, IN 46703

  • 207 acres
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Bathrooms
4
Lot
207 ac
Year built
1920
Type
Other
Listed
October 23, 2026
MLS #
202643988

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!

Property details

Interior

Stories
2
Finished area above grade
4,790 sq ft
Basement
Slab
Flooring
Carpet, Ceramic Tile
Heating
Gas, Forced Air, Wall Heater
Cooling
Central Air

Exterior & parking

Construction
Brick, Wood Siding
Parking
Public Parking, On Street
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot size (acres)
207 ac
Lot dimensions
120 x 75
Location type
City
County
Steuben County
Township
Pleasant
Current use
Personal, Restaurant
Road frontage
City Street
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.

Taxes & terms

Annual taxes
$3,639
Tax year
25
Tax exemptions
Homestead, Supplemental
Tax abatement
No
Listing terms
Cash, Conventional
Possession
Negotiable
Parcel number
76-06-26-311-516.000-012

Included in the sale

Included in sale
Building,Other

Utilities

Water
City
Sewer
Public Sewer

Income & commercial

Water meters
2
Ceiling height
9

Location

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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 County
  • Grades 7–8

    Angola Middle School

    Public · 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 School

    Public · 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)

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

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