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    104 S Meridian St Sunman, IN 47041

    For Sale
    $649,900

    Retail - Sunman, IN

    Type:Retail
    Lot size:
    0.35 Acres
    Days on Market:
    48
    Last Refresh:
    Dec 6 at 10:06 am

    Property Features for 104 S Meridian St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    Business
    APN
    69-07-17-111-001.000-004
    Parking features
    None
    Lot size
    0.35 Acres

    Utilities

    Cooling system
    Central Air, Window Unit(s)

    Building Details

    Year built
    1920
    Floors in Building
    2
    Flooring type
    Concrete, Tile
    Building materials
    Vinyl Siding, Wood Siding
    Roof type
    Membrane
    Architectural style
    Other

    Huff Realty (812) 537-4663 [email protected]

    Listing agent F. Patrick Martini (812) 537-4663 License #RB14023601

    Listing date Oct 20, 2025

    MLS# 204750 Listing URL

    Copyright © 2025 Southeastern Indiana Board 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.

    Overview

    Sunman, IN Retail Opportunity

    This property presents an opportunity to own a thriving restaurant, complemented by an apartment suitable for supplemental income or a personal residence. The building includes an additional parking area. The sale encompasses trade fixtures, equipment (excluding Juke Box, pop machine, tea/coffee makers), a liquor license, furniture, bar equipment, kitchen appliances, and a walk-in cooler and freezer. The upstairs apartment features a refrigerator and A/C units. There is an additional 500+/-sq ft of unfinished space upstairs that offers potential for extra rooms or another apartment. Major renovations have been completed, including the roof, furnace, air conditioning, flooring, and concrete parking lot. The property is conveniently located in town near I-74 on a 0.35-acre lot. This property is zoned for business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Food Market Grocery Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunman
    County
    Ripley
    State
    Indiana
    Longitude
    -85.094634
    Latitude
    39.236335

    Nearby Similar for Sale

    • $349,000
      0.16 Acres

      Mixed-Use Property in Downtown Sunman

      Mixed-use property with restaurant and apartments in downtown Sunman.
      119 S Meridian St, Sunman, IN 47041
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    • $525,000
      9,900 SF

      Versatile Warehouse Space in Sunman

      Adaptable warehouse with office space and multiple entry points.
      215 Nieman St, Sunman, IN 47041
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    • New
      $35,000
      7,220 SF

      Sunman Multifamily Building with Potential

      Multi-family building in Sunman, Indiana, needing complete renovation.
      105 S Meridian St, Sunman, IN 47041
      View Details

    FAQs

    What type of property is this?
    Restaurant - Thriving restaurant with apartment and potential for additional income.
    Where is this restaurant located?
    The property is located at 104 S Meridian St Sunman, IN.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - Thriving restaurant business included with sale: trade fixtures, equipment, liquor license, furniture, bar equipment, kitchen appliances, walk-in cooler & freezer.; - Includes an upstairs apartment for rental income or personal residence.; - Recent major renovations: roof, furnace, air conditioning, flooring, concrete parking lot.
    (812) 537-4663
    Request Owner's contact information
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    Sunman, IN 47041
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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
    104 S Meridian St Sunman, IN 47041
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