Restaurant with Upstairs
For Sale
$375,000
112 E Spring, Lagrange, IN 46761
COMMERCIAL, Lagrange, IN
Property SizeContact for details
Lot Size0.07 Acres
Days on Market562
Property Features for 112 E Spring
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Lot features
City
Directions
State Road 20 to State Road 9 North then turn East on Spring property on right
Subdivision
LaGrange County
Standard status
Active
APN
44-07-19-300-001.022-002
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
4047
Tax Description
Original Plat-TOWN OF LAGRANGE W 22' LOTS 1 & 4 BLK 28
Tax Annual Amount
2206
Legal Description
Original Plat-TOWN OF LAGRANGE W 22' LOTS 1 & 4 BLK 28
Utilities
Cooling system
Central Air
Building Details
Year built
1892
Flooring type
Mixed
Roof type
Shingle
Listing Agency:
Lewis & Lambright Inc
(260) 463-2013
Listed By:
Virgen Morales
(260) 479-5503
Added: Feb 5, 2025
Changed: Aug 19
Last Checked: Aug 21 at 3:06PM
MLS# 202503617
Copyright © 2026 Northeastern 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.
Investment Insights
Based on property information with market context.
This for-sale property includes a restaurant space with tables, chairs, plates, cups, glasses, and silverware, along with a full kitchen with equipment. The building also has a full basement. A 3-way liquor license is included, supporting on-site beverage service for qualified operators. Upstairs, there is an updated three-bedroom apartment.
Located in Lagrange, Indiana, the property is offered as a turnkey opportunity for an owner-operator or buyer looking to maintain continuity in a long-running, family-owned business.
The combination of restaurant facilities, included dining and kitchen items, and the separate upstairs residence can fit operators who want revenue potential from the dining use while also having an on-site living arrangement. The full basement adds functional space for storage and back-of-house needs. With the liquor license and kitchen equipment already in place, a new owner can focus on continuing service and tailoring the operation to their preferences.
Located in Lagrange, Indiana, the property is offered as a turnkey opportunity for an owner-operator or buyer looking to maintain continuity in a long-running, family-owned business.
The combination of restaurant facilities, included dining and kitchen items, and the separate upstairs residence can fit operators who want revenue potential from the dining use while also having an on-site living arrangement. The full basement adds functional space for storage and back-of-house needs. With the liquor license and kitchen equipment already in place, a new owner can focus on continuing service and tailoring the operation to their preferences.
Key Highlights
- 3‑bedroom apartment upstairs with updates
- 3‑way liquor license included
- Full kitchen with equipment plus dining set includes tables, chairs, plates, cups, glasses, and silverware
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 46761, IN
12,902
Population
4,466
Households
2.9
Avg Household Size
32
Median Age
10%
College-Educated
66%
High-School Grad
123.1 sq mi
ZIP Area
105
Density / Sq Mi
$72,088
Median Household Income
$41,682
Median Earnings
$766
Median Rent
$205,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Full kitchen, liquor license, and an updated three-bedroom apartment above, plus a full basement for added storage or operations.
Where is this mixed-use property located?
The property is located at 112 E Spring Lagrange, IN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3‑bedroom apartment upstairs with updates; 3‑way liquor license included; Full kitchen with equipment plus dining set includes tables, chairs, plates, cups, glasses, and silverware
