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    1616 N Section St Sullivan, IN 47882

    For Sale
    $429,900

    Restaurant/Bar - Sullivan, IN

    Lot size:
    1.58 Acres
    Days on Market:
    58
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 1616 N Section St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    Interior features
    Fixtures, Furniture, Carpeting, Restroom(s), 440 Volts, Inventory, Inside Storage
    Lot size
    1.58 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Building materials
    Stone
    Architectural style
    Other

    Prudential Newlin-Johnson Realtors (812) 478-1957 [email protected]

    Listing agent DANIELLE MCKINNEY (812) 478-1900 License #RB14049999

    Listing date Oct 9, 2025

    MLS# 106041 Listing URL

    Copyright © 2025 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.

    Overview

    Turn-Key Restaurant, Bar & Bowling

    The Maddog Restaurant and Bowl, a fully operational restaurant, bar, and bowling business, is available for purchase. Located at 1616 N Section St., Sullivan, IN 47882, this established business features 15,560 square feet of finished space on a 1.58-acre corner lot. The property benefits from its location along the high-traffic Section Street corridor, which sees approximately 4,300 vehicles daily. The business includes a full-service restaurant, bar, and catering operation, as well as a 12-lane bowling alley with resurfaced lanes and upgraded scoring software. An arcade, birthday party packages, and glow bowling are also popular features. All kitchen, bar, and bowling equipment will convey with the sale. The business currently employs 10–12 staff members, adjusting seasonally. The site offers plentiful on-site parking. The finished space has been well-maintained. With a loyal customer base, the property offers multiple revenue streams and long-term potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Patrick's Restaurant & Bowl Restaurant Maddog’s Restaurant & Bowl Caterer ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Sullivan Elks Country Club, The Arrowhead

    Location Insight

    • Map
    • Local Demand
    City
    Sullivan
    County
    Sullivan
    State
    Indiana
    Longitude
    -87.409677
    Latitude
    39.113021

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    FAQs

    What type of property is this?
    Bar - Successful restaurant, bar, and bowling business in Sullivan, Indiana.
    Where is this bar located?
    The property is located at 1616 N Section St Sullivan, IN.
    What is the asking price?
    The asking price for this property is $429,900.
    What are key features of this property?
    This property features: - Turn-key, highly successful restaurant, bar, and bowling business with multiple revenue streams.; - Features a 12-lane bowling alley with newly resurfaced lanes and upgraded scoring software.; - Full-service restaurant, bar, and catering operations included.
    (812) 478-1900
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    Sullivan, IN 47882
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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
    1616 N Section St Sullivan, IN 47882
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