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    The Largest CRE Database in the US with Over 1 Million Listings

    148 N Maple St Dana, IN 47847

    Sponsored
    For Sale
    $149,000

    Restaurant/Bar - Dana, IN

    Lot size:
    0.15 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 26 at 12:06 am

    Property Features for 148 N Maple St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    83-08-26-130-047.000-008
    Interior features
    Fixtures
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    CONNIE MILAM

    LJ Michaels, Inc (812) 234-8808

    Listing agent CONNIE MILAM (812) 234-8808 License #RB14047822

    Listing date Feb 25, 2026

    MLS# 108651 Listing URL

    Copyright © 2026 Terre Haute Area 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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Restaurant/Bar in Dana, IN

    This established neighborhood bar and grill is located in a thriving small-town setting. The business, under new ownership since last year, has undergone multiple updates, including new commercial kitchen equipment and operational improvements designed for efficiency and consistency. Recent improvements and upgrades include a new hot water heater, new stage floor, all new light fixtures and ceiling fans, a new ice machine, two new fryers, a new stove, oven, and flat-top grill, an additional kitchen refrigerator, electrical updates including new outdoor lighting and an additional panel to support outlets, a new outdoor smoke shack with electricity, Govee exterior lighting around the building, four new televisions, and new tables for customer seating. The property features a well-known local presence, a steady patron base, and strong community support. The layout supports both bar service and food operations, creating multiple revenue streams. The liquor license is transferable, providing an excellent opportunity for a new owner to step into an operating business with minimal start-up delay. This turnkey hospitality operation, situated on a 0.15-acre lot, is ideal for an owner-operator or investor seeking upside potential in a growing small-town market. The property is zoned C and is located in Dana, IN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Hair Salon Auto Repair Shop Nail Salon Storage Facility Bar & Pub

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

    Similar Places Nearby

    Dana Tavern, Sevens Bar & Grill

    Location Insight

    • Map
    • Local Demand
    City
    Dana
    County
    Vermillion
    State
    Indiana
    Longitude
    -87.494655
    Latitude
    39.80566

    Nearby Similar for Sale

    • $45,000
      0.15 Acres

      Historical Building in Dana, IN

      Historical building suitable for various business pursuits in Dana, Indiana.
      130 Maple St, Dana, IN 47847
      View Details

    FAQs

    What type of property is this?
    Bar - Established bar and grill with recent improvements in Dana.
    Where is this bar located?
    The property is located at 148 N Maple St Dana, IN.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: - Turnkey bar and grill with transferable liquor license for immediate operation.; - Significant recent improvements and upgrades throughout the property.; - New commercial kitchen equipment including fryers, stove, oven, and flat-top grill.
    (812) 208-5670
    Request Owner's contact information
    148 N Maple St Dana, IN 47847
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    Dana, IN 47847
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    148 N Maple St Dana, IN 47847
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    We can help!
    Listing Contact
    CONNIE MILAM
    Real Estate License ID: RB14047822
    (812) 208-5670 (812) 234-8808
    Learn more
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