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Established Conventional Restaurant
For Sale
$95,000

131 Washington Street, Laurel, IN 47024

Commercial Sale, Laurel, IN

Property SizeContact for details
Lot Size0.04 Acres
Days on Market108

Property Features for 131 Washington Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Laurel
Standard status Active
APN 24-02-09-486-013.000-011
Lot size 0.04 Acres

Building Details

Year built 1965
Listing Agency: Lohmiller Real Estate
Listed By: Brad Wells · License #RB14042956
Added: May 15 Changed: Aug 26 Last Checked: Aug 30 at 12:06PM
MLS# 207472

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This conventional restaurant at 131 Washington Street in Laurel, Indiana, occupies a 0.036-acre site and was built in 1965. The operation features thin-crust pizza and Mexican specialties, with an established family-business history extending more than 35 years.

The property serves local customers and benefits from pass-through traffic associated with travel toward Brookville. Its Washington Street location and existing restaurant operation provide a defined setting for continued food-service use. The restaurant is offered for sale as an operating business with an established local presence.

Key Highlights

  • 0.036‑acre restaurant site at 131 Washington Street, Laurel, IN 47024
  • Built in 1965
  • More than 35 years of family‑business operating history

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Daycare Center Food Market Wine and Liquor Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

44
Businesses Nearby
Well-served
Demand for This Use

Demographics for 47024, IN

2,880
Population
1,171
Households
2.5
Avg Household Size
41
Median Age
6%
College-Educated
79%
High-School Grad
65.6 sq mi
ZIP Area
44
Density / Sq Mi
$55,956
Median Household Income
$29,317
Median Earnings
$980
Median Rent
$114,300
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operating food business featuring pizza and Mexican specialties in a small-town setting.
Where is this conventional restaurant located?
The property is located at 131 Washington Street Laurel, IN.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 0.036‑acre restaurant site at 131 Washington Street, Laurel, IN 47024; Built in 1965; More than 35 years of family‑business operating history
More about this property
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