Conventional Restaurant

Spiceland, IN Conventional Restaurants for Sale

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Greensboro, IN Knightstown, IN New Castle, IN Kennard, IN Shirley, IN Wilkinson, IN Carthage, IN Charlottesville, IN
Near-Complete Restaurant Development Site
Updated: May 2
Near-Complete Restaurant Development Site

5879 South State Road 3, Spiceland, IN 47385

$750,000
1,976 sqft 1.93 AC lot
1.93‑acre commercial mixed‑use lot with a near‑complete restaurant building in Spiceland, IN
Building is 90% complete, originally designed and built for a restaurant
Less than 0.5 miles from I‑70 at Exit 123, offering convenient interstate access
Utilities hookups already on‑site, including city water, electricity, and sewer
Mixed‑use zoning supports conversion or use beyond food service, including retail, convenience, medical, or office
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Spiceland, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Retail Storefront with Updated Systems
Retail Storefront with Updated Systems

1213 Main St, Anderson, IN 46016

$150,000

Storefront retail space featuring new roofing, updated electrical panel, and updated storefront windows.

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Sports Bar and Restaurant with Liquor
Sports Bar and Restaurant with Liquor

1811 S Burlington Avenue, Muncie, IN 47302

$355,000
0.70 AC lot

Remodeled sports bar includes bar, kitchen, restaurant equipment, and an accompanying liquor license.

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NNN Leased Restaurant Investment Opportunity
NNN Leased Restaurant Investment Opportunity

809 W McGalliard Rd, Muncie, IN 47303

$3,349,000
5,312 sqft

NNN leased Chili's with corporate guarantee in Muncie, Indiana.

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Freestanding Restaurant Building
Freestanding Restaurant Building

6315 S Scatterfield Rd, Anderson, IN 46013

Contact for pricing

Freestanding former restaurant offers direct visibility and easy access from I-69 for restaurant, retail, or medical uses.

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Spiceland, IN Conventional Restaurants Market Trends and Statistics

Explore 1 conventional restaurants for sale in Spiceland, IN on our real estate platform. These investment opportunities span a total of 1,976 square feet of properties for sale, with an estimated market value of $750,000.

Sale prices for conventional restaurants in Spiceland, IN average $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Conventional restaurants 1

Demographics Overview

Population 1,700
Population Growth (5Y) +28.9%
Median Household Income $100,479
College Educated 43.4%

High-Yield Neighborhoods for Investment

Identify Spiceland submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
47385 $750K

Taxes & Financing

Tax Rate (average for all types) 2.18%
Property Tax per SF $46.55 per SF
Tax Rate vs County Average 0.10 pp below county avg
Average Loan-to-Value 65.0%

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