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    101 N State St South Whitley, IN 46787

    For Sale
    $225,000

    Restaurant/Bar - South Whitley, IN

    Lot size:
    0.11 Acres
    Days on Market:
    202
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 101 N State St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Kitchen
    Bathrooms
    1
    APN
    92-08-04-103-001.000-002
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Drywall, Alley, Public Restrooms, Refrigeration/Freezer
    Exterior features
    Alley, Public Restrooms, Refrigeration/Freezer
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1963
    Floors in Building
    1
    Roof type
    Rubber
    Architectural style
    Other

    Century 21 Bradley Realty,Inc. (260) 399-1177 [email protected]

    Listing agent Tyler Dohner (260) 399-1177 License #RB23000685

    Listing date May 27, 2025

    MLS# 202519678 Listing URL

    Copyright © 2025 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant and Home Combo

    This is a rare opportunity to own Carol’s Corner Drive-In Restaurant and a charming 4-bedroom, 2-bathroom home. The restaurant spans 450 sqft and features a restroom, ample off-street parking, and a welcoming covered seating and play area. It comes fully equipped with multiple freezers and generous freezer space, an Electrofreeze 2-flavor twist ice cream machine, Ross-Temp pop machine, Electrofreeze slushie machine, antique cash registers, a 4-door refrigerator, a Star steamer hot dog machine, a Keurig coffee maker, a microwave, two Fry Master french fryers, a Vulcan-Hart grill, a Crosley refrigerator, and a full set of utensils, pots, and pans. As a bonus, the iconic 1989 Volkswagen “Burger Buggy” is included. The Burger Buggy trailer is available for purchase separately. This sale is in conjunction with the residential property at 111 N State Street, a 2,591 sq ft home just steps from the restaurant. The residence offers 4 spacious bedrooms, 2 full bathrooms, original hardwood floors, main-floor laundry, an attached 1-car garage, a large detached garage, and an inviting screened and glassed-in front porch. The lot size is 0.11 acres. This unique package delivers charm, convenience, and potential for running a nostalgic hometown eatery or seeking a combined home and business venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Auto Repair Shop Daycare Center Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    South Whitley
    County
    Whitley
    State
    Indiana
    Longitude
    -85.628218
    Latitude
    41.085477

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    • $144,900
      0.11 Acres

      Remodeled Retail Building in South Whitley

      Charming, updated retail building in downtown South Whitley. Move-in ready.
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    FAQs

    What type of property is this?
    Drive through restaurant - Restaurant and 4-bedroom home for sale in South Whitley.
    Where is this drive through restaurant located?
    The property is located at 101 N State St South Whitley, IN.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Rare opportunity: Own a fully equipped, established restaurant (Carol's Corner Drive-In) and a separate 4-bedroom home in one package.; - Restaurant includes valuable equipment: Electrofreeze ice cream and slushie machines, Fry Master fryers, Vulcan-Hart grill, and more.; - The 2,591 sq ft residence features 4 bedrooms, 2 bathrooms, original hardwood floors, and main-floor laundry.
    (260) 399-1177
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    Realmo Value Estimation

    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.

    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.

    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
    101 N State St South Whitley, IN 46787
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