Opportunity for significant price reduction to $395,000 *if upper unit tenant remains per existing agreement (Ask For Details). Endless Possibilities Await - An exceptional opportunity for entrepreneurs and investors alike. This versatile property offers the chance to own a well-established landmark in Port Loring - Jake's Place Restaurant - while also benefiting from two residential units. Whether you're looking to continue the legacy of this beloved local eatery or envision a new venture entirely, the choice is yours. The building features a charming 2-bedroom apartment and deck on the second floor overlooking Wilson Lake and a 1-bedroom unit and deck on the main floor also overlooking the lake, making it ideal for live-in owners or generating additional rental income. Ideally situated in a welcoming community, the property is close to numerous lakes and a wide range of outdoor activities - perfect for nature lovers, seasonal tourists, and year-round adventurers alike. Don't miss your chance to bring your vision to life in this unique setting. One of the Sellers is the licensed listing Realtor. Don't miss this rare chance to own a true gem in cottage country. A perfect blend of lifestyle and investment. Contact today to schedule a viewing! (id:55581)