Auction Information

Landmark Lake Wawasee Waterfront Restaurant with SS Lillypad II Houseboat & Additional Parking Lot Offered Separately!

Online Auction, Wednesday, March 11, 2026 -- Bidding begins closing out at 6 pm

1116 S. Harkless Drive, Syracuse, IN 46567

Auction Manager: Tim Pitts, 317.714.0432

Bid on each tract individually or the entirety!

Turkey Creek Township • Kosciusko County
The Frog Tavern Restaurant & Bar• 2, 3-Way Liquor Licenses • Charter Houseboat • .89 Acre Parking Lot
$14,532.98 Annual Taxes • 7,518 Sq. Ft.

BID NOW AT BIDMETZGER.COM

TRACT 1: Rare Lake Wawasee Waterfront Opportunity for The Frog Restaurant & Bar with Houseboat, the S.S. Lillypad II Selling via Online Auction on March 11^th starting at 6 pm.

This is Tract 1 and it offers approximately 250’ of Lake Wawasee water frontage, the Landmark Frog Tavern, and the S.S. Lillypad II, a proven dinner cruise and special events vessel! Established in 1932, the business has evolved from a winter gathering place for ice fishermen into a popular, laid-back waterfront destination known for casual dining, live music, and accessibility by both land and water. This building was originally constructed in 1949 and has operated as a restaurant and bar for decades, making it widely recognized as a staple of the Lake Wawasee community. Notably, the tavern has seen only six owners in more than 89 years, reflecting long-term stability and community support.

This iconic property offers year-round indoor & outdoor dining, live entertainment space, waterfront seating with boat docking access, game room, pool tables, and a long-standing reputation as a premier lake destination. The restaurant features a full commercial kitchen, multiple dining & entertainment areas, game room, large bar, walk-in coolers, offices, storage, and four restrooms. Located in an exclusive, high-demand lakefront market with limited commercial inventory, this property presents a unique opportunity for owner-operators or investors seeking a turnkey hospitality and event venue with waterfront real estate.

Tract 1 also includes the S.S. Lillypad II, a 70’ commercial event houseboat used for private charters and public cruises, Two (2) 3-way liquor licenses—a rare and valuable asset in this market—support both on-site restaurant operations and off-site lake cruises, enhancing revenue flexibility and future growth potential. See Information Packet for Full Details. Bid on this tract individually or in combination with Tract 2, a .89-acre overflow parking lot.

The Frog Tavern’s Restaurant & Bar, Building Amenities & Restaurant features include:

Versatile Layout with Multiple indoor and outdoor dining areas
Waterfront outdoor seating with boat docking access
Large bar area with seating
Stage for live bands and dance floor
Game room with arcade games & Pool tables
High-Volume Seasonal Traffic
Commercial kitchen
Two (2) walk-in coolers
Storage areas
Two offices
Four total restrooms

Utilities & systems:

Seven (7) gas forced-air furnaces
Seven (7) central air conditioning units, approximately 3 years old
3-phase electrical service
City utilities
Security system
Two (2) 3-way liquor licenses included in the sale (one for the restaurant and one for the houseboat)
Onsite Parking Lot

S.S. Lillypad II – Commercial Event Houseboat for Boat Charters on Lake Wawasee

Included with Tract 1 is the S.S. Lillypad II, a 2006 Sumerset houseboat, custom designed and commissioned for commercial dinner cruises and special events on Lake Wawasee. The S.S. Lillypad II has served guests on Lake Wawasee for more than a quarter of a century, hosting private charters and public cruises. Bookings include weddings, receptions, corporate outings, social events, luncheons, dinners, and fundraisers. The vessel is primarily used for private events, and hosts approximately 150+ total cruises annually including around 20+ public cruises, supporting continued interest and demand.

Vessel specifications and features:

Approx. 70’ x 20’, two-story configuration
Passenger capacity of up to 120
Lower level enclosed and climate controlled, seating up to 60 guests
Upper level approximately 70% covered, offering 360-degree lake views
Well-maintained, surveyed favorably, and has demonstrated consistent upkeep and crew training
Twin Mercury Marine MerCruiser 4.3L MPI gasoline engines
220 HP V6 engines with Bravo One outdrives

Houseboat Interior features:

Open entertainment layout with galley to port and bar to starboard
Helm positioned forward along the centerline
Galley equipped with full-size refrigerator and freezer, stainless steel sink, and steam line for buffet-style dining
Collapsible tables and stackable chairs for flexible event configurations
Don’t miss your chance to own this well-established, turn-key, waterfront Restaurant along with a commercial event houseboat, located on Indiana’s largest natural lake, Lake Wawasee!