Turnkey Fine Dining
201 W Main Street Syracuse, IN 46567
201 W Main Street, Syracuse, IN, 46567
$550,000
For Sale
$550,000
SINGLE_FAMILY - Syracuse, IN
Property Size3,800 SF
Lot Size0.06 Acres
Price / SF$144.74
Days on Market151
Property Features for 201 W Main Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- COMME
- Standard status
- Active
- APN
- 430406200294000026
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 8-24-125 Lot 1 & 3' E Side Lot 2 Waybrights Add
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Listing agency
RE/MAX Advanced Realty
(317) 298-0961
Listed by
Michael Nauman · License #RB22002327
(317) 298-0961
Added: Feb 21 Updated: Jun 16 at 10:09AM Checked: Jul 22 at 10:06AM
MLS# 22085329
Copyright © 2026 MIBOR Service Corporation. 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.
West Main Kitchen is a turnkey fine dining restaurant offering an open-concept kitchen and a full-service bar. The restaurant is approximately 1,400 SF and includes an unfinished basement of approximately 1,400 SF, which may be used for storage or a future proof-kitchen buildout.
The property is located at 201 W Main Street in Syracuse, IN, within the COMME zoning designation. The listing notes a brand new public parking lot behind the restaurant and potential to add a back deck patio.
In addition to the restaurant, the sale includes a fully renovated 1 bed/1 bath apartment above the restaurant, described as an incoming producing unit available to live in or rent out. The apartment is approximately 1,000 SF and features an open concept, a washer/dryer, and plenty of natural light. All FFE and digital assets are included with the sale. This offering is supported by long-standing operations and the inclusion of restaurant operating components, along with the apartment as an additional income stream option.
The property is located at 201 W Main Street in Syracuse, IN, within the COMME zoning designation. The listing notes a brand new public parking lot behind the restaurant and potential to add a back deck patio.
In addition to the restaurant, the sale includes a fully renovated 1 bed/1 bath apartment above the restaurant, described as an incoming producing unit available to live in or rent out. The apartment is approximately 1,000 SF and features an open concept, a washer/dryer, and plenty of natural light. All FFE and digital assets are included with the sale. This offering is supported by long-standing operations and the inclusion of restaurant operating components, along with the apartment as an additional income stream option.
Key Highlights
- Established, turnkey fine dining restaurant with a proven business model and loyal customer base.
- Prime location in a growing area, poised to benefit from a new luxury RV resort and increased affluent clientele.
- Includes all Furniture, Fixtures, and Equipment (FFE) and digital assets.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.0k | $15.00 |
| − Vacancy | −$2.4k | −$0.63 |
| EGI | $54.6k | $14.37 |
| − OpEx | −$13.7k | −$3.59 |
| NOI | $41.0k | $10.78 |
3,800 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$585.1K
$511.9K – $682.6K
NOI $40,955 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$662.0K
$579.3K – $772.4K
NOI $46,341 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Westmain Kitchen
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey fine dining restaurant with full-service bar, open kitchen, and an upstairs 1-bed apartment.
Where is this conventional restaurant located?
The property is located at 201 W Main Street Syracuse, IN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Established, turnkey fine dining restaurant with a proven business model and loyal customer base.; Prime location in a growing area, poised to benefit from a new luxury RV resort and increased affluent clientele.; Includes all Furniture, Fixtures, and Equipment (FFE) and digital assets.
