Commercial For Sale near Morse Lake

Opportunity awaits with this fixer-upper in Cicero, ideal for an investor, flipper, or buyer looking to renovate and create rental income. Set on a nearly half-acre lot with frontage along Peru Street / State Road 19, this property offers strong value-add potential both inside and out, along with excellent visibility. The home features a main-floor bedroom, two additional bedrooms upstairs, two full bathrooms on the main level, and a full basement providing additional space for storage, mechanicals, or future finishing. With the right vision and updates, this property could be a great long-term rental, resale project, or owner-occupied investment. In addition to residential use, the property is zoned NC - Neighborhood Commercial, offering flexibility for a variety of neighborhood-serving business uses, subject to town approvals and requirements. Potential uses may include retail or service-oriented businesses, food sales or service, recreation or fitness uses, automotive-related services, or certain institutional or community-focused uses. Conveniently located just minutes from the heart of Cicero and Morse Lake, this property combines location, visibility, and flexibility-a rare opportunity for buyers seeking both residential and future commercial upside. Bring your ideas and unlock the potential of this unique value-add opportunity in desirable Cicero. Buyer to verify zoning uses, development standards, access, and required approvals.

Property Details

  • Beds: 0
  • Baths: 0.0
  • Sq Feet: 1440
  • Year Built: 1948
  • Location: Morse Lake
  • Acres: 0.460
  • County: Hamilton County
  • Heat/AC: Forced Air
  • Garage: Carport
  • Roof: Asphalt
  • MLS #: 22080139

Location

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Contact Information:

Contact Agent
Andy Sheets
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Compass Indiana, LLC
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Ad Statistics:

Lake Commercial For Sale in Cicero, Indiana
Ad Number : 7136297
Viewed: 1 times
Added: Jan 15, 2026
Updated on: Jan 15, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.