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    119 S Meridian St Sunman, IN 47041

    For Sale
    $349,000

    Commercial - Sunman, IN

    Lot size:
    0.16 Acres
    Days on Market:
    72
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 119 S Meridian St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    69-07-16-222-034.000-004
    Parking features
    None, On Street
    Exterior features
    Curb/Gutter, Outside Storage, Sidewalks
    Lot size
    0.16 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Floors in Building
    2
    Flooring type
    Carpet
    Building materials
    Vinyl Siding, Wood Siding
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    Lohmiller Real Estate (812) 584-6880 [email protected]

    Listing agent Charles Peters Jr (812) 537-1023 License #RB14044461

    Listing date Sep 26, 2025

    MLS# 205992 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

    Mixed-Use Property in Downtown Sunman

    This mixed-use property is located in downtown Sunman. The former Classic Pizza building includes a turn-key restaurant space equipped with 2 pizza ovens, a walk-in cooler, and an original bar and back bar dating back to the early 1900s. The property also features two two-bedroom apartments and one one-bedroom apartment, providing rental income. Situated on a 0.16-acre lot, the property's location and visibility make it suitable for entrepreneurs, investors, or owner-operators. The property is zoned for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    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
    -85.094689
    Latitude
    39.23767

    Nearby Similar for Sale

    • $649,900
      0.35 Acres

      Sunman, IN Retail Opportunity

      Thriving restaurant with apartment and potential for additional income.
      104 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
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    FAQs

    What type of property is this?
    Restaurant - Mixed-use property with restaurant and apartments in downtown Sunman.
    Where is this restaurant located?
    The property is located at 119 S Meridian St Sunman, IN.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - Turn-key restaurant space with equipment included, featuring 2 pizza ovens and a walk-in cooler.; - Three apartments upstairs provide steady rental income.; - Prime downtown location with excellent visibility.
    (812) 537-1023
    Request Owner's contact information
    119 S Meridian St Sunman, IN 47041
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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
    119 S Meridian St Sunman, IN 47041
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