Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1008 Main Street Rd Vincennes, IN 47591

    Sponsored
    For Sale
    $350,000

    Restaurant/Bar - Vincennes, IN

    Lot size:
    0.19 Acres
    Days on Market:
    342
    Last Refresh:
    Jan 31 at 5:06 am

    Property Features for 1008 Main Street Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    APN
    42-12-21-405-014.000-022
    Interior features
    Other, Public Restrooms, Refrigeration/Freezer
    Exterior features
    Public Restrooms, Refrigeration/Freezer
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1890
    Floors in Building
    1
    Flooring type
    Concrete, Wood
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Vanessa Purdom

    F.C. Tucker Emge REALTORS (812) 402-0200

    Listing agent Vanessa Purdom (812) 882-4444 License #RB14051198

    Listing date Feb 24, 2025

    MLS# 202405754 Listing URL

    Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Restaurant/Bar in Vincennes, IN

    Located at 1008 Main Street in Vincennes, Indiana, this restaurant and bar property, known as Willie's Pub, presents an opportunity to own a piece of the city's downtown culture. Recent upgrades include renovated seating areas, custom wood treatment on walls, hood improvement, brick tuckpointing, and an upgraded surround sound system suitable for live performances, DJ nights, or background music. The property has been used for bridal showers, family gatherings, corporate events, costume parties, and birthday parties. The business has a social media following of 2.8K. The property includes a walk-in freezer, three AC units, two exhaust fans, and four bathrooms. A storage shed and VEI security are also included. The sale includes the business, adjacent lot, all signage, business name, and liquor license. Most of the personal property is included in the sale. Vendor-owned dart boards, a pool table, an ATM, and a jukebox are not included in the sale. The lot size is 0.19 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pubs

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vincennes
    County
    Knox
    State
    Indiana
    Longitude
    -87.525929
    Latitude
    38.673629

    Nearby Similar for Sale

    • $229,900
      0.70 Acres

      Mixed-Use Property in Vincennes, IN

      Mixed-use property featuring shop, warehouse, and office space with expansion potential.
      1985 S Old Us 41, Vincennes, IN 47591
      View Details
    • New
      $339,900
      0.11 Acres

      Downtown Vincennes Destination Opportunity

      Prime location with bar equipment, rental income, and expansion potential.
      124 Main Street Rd, Vincennes, IN 47591
      View Details
    • $69,900
      Pending

      Commercial Building in Vincennes, Indiana

      Metal-sided commercial building with parking and storage in Vincennes, IN.
      906 N 10Th St, Vincennes, IN 47591
      View Details
    • $139,900
      0.05 Acres

      Downtown Vincennes Office with Potential

      Prime downtown Vincennes office space with flexible configuration options.
      120 N 7Th St, Vincennes, IN 47591
      View Details
    • $570,000
      0.15 Acres

      Historic Bar and Event Space

      Multifunctional building in downtown Vincennes with bar and event space.
      101 N 2Nd St, Vincennes, IN 47591
      View Details
    • $329,900
      3,400 SF

      Vincennes Fourplex with Commercial Space

      Fully occupied fourplex with commercial space in central Vincennes.
      624 Broadway St, Vincennes, IN 47591
      View Details
    • $194,900
      0.08 Acres

      Downtown Vincennes Mixed-Use Building

      Two-story commercial building in historic downtown Vincennes.
      423 Main Street Rd, Vincennes, IN 47591
      View Details
    • $325,000
      14,333 SF

      Vincennes Shop/Warehouse Buildings For Sale

      Shop/warehouse buildings near U.S. Highways 50/41 in Vincennes, Indiana.
      2409 Chestnut St, Vincennes, IN 47591
      View Details
    • $89,999
      1.14 Acres

      Vincennes Special Purpose Property

      Specialty property on 1.136 acres in Vincennes, Indiana.
      2810 Washington Ave, Vincennes, IN 47591
      View Details
    • Contact for pricing
      6,760 SF

      Retail Space on Hart Street

      Retail property with high visibility in a commercial corridor.
      1575 Hart St, Vincennes, IN 47591
      View Details
    • $1,740,000
      10,125 SF

      CVS Absolute NNN Asset

      10,125 SF CVS NNN property for sale.
      1500 Hart St, Vincennes, IN 47591
      View Details
    • $1,600,000

      Mobile Home Park For Sale

      Well-maintained mobile home park near Vincennes, Indiana, 93% occupied.
      3592 N Thunderhill Dr, Vincennes, IN 47591
      View Details

    FAQs

    What type of property is this?
    Pub - Restaurant/bar with recent upgrades and social media following for sale.
    Where is this pub located?
    The property is located at 1008 Main Street Rd Vincennes, IN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Established business with a strong social media following (2.8K) and landmark status in Vincennes.; - Includes business, business name, liquor license, signage, and most personal property.; - Recent upgrades include renovated seating areas, custom wood treatment, hood improvement, brick tuckpointing, and **upgraded surround sound system.**
    (580) 799-5537
    Request Owner's contact information
    1008 Main Street Rd Vincennes, IN 47591
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1008 Main Street Rd
    Vincennes, IN 47591
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1008 Main Street Rd Vincennes, IN 47591
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Vanessa Purdom
    Real Estate License ID: RB14051198
    (580) 799-5537
    Learn more
    Google sign-in failed. Please try again or use another login method.