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Restaurant Building with Event Area
For Sale
$300,000

217 N Main Street, Princeton, IN 47670

COMMERCIAL, Princeton, IN

Property SizeContact for details
Lot Size0.67 Acres
Days on Market1042

Property Features for 217 N Main Street

General Information

Property type Commercial Sale
Property subtype Other
Lot features City
Directions From Broadway take Main Street north 2 blocks to the property on the left
Subdivision Gibson County
Standard status Active
APN 26-12-07-104-000.974-028
Lot size 0.67 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description Old Plan 52 PT
Tax Annual Amount 7415
Legal Description Old Plan 52 PT

Utilities

Cooling system Central Air

Amenities

fenced area for live bands and events

Building Details

Year built 1920
Flooring type Concrete
Listing Agency: RE/MAX REVOLUTION · RE/MAX International
Listed By: Tim Mason · License #RB14024551
Added: Oct 24, 2023 Changed: Aug 26 Last Checked: Aug 30 at 1:06PM
MLS# 202339239

Copyright © 2026 Southwest Indiana 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.

Investment Insights

Based on property information with market context.

This restaurant property includes an operating business and occupies a 0.67-acre site spanning three lots. The main level measures over 3,000 square feet, with a bar area and separate dining space currently configured for arcade use. A covered exterior area provides additional seating, while a fenced outdoor section accommodates live music and events. The upper level offers office or apartment space.

The property is located at 217 N Main Street in Princeton, Indiana, near the downtown area. Concrete flooring and central air are among the existing building features. Constructed in 1920, the property combines restaurant improvements, outdoor gathering areas, and substantial on-site parking across the three-lot configuration.

Key Highlights

  • Operating restaurant business included with the property
  • 0.67‑acre site across three lots
  • Main level contains over 3,000 square feet

Property Analytics

Current Use

Powerhouse Bar &Grill Bar & Pub

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Building Supply Dental Office Kitchen & Bath Showroom

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

453
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Casey's General Store Shops & Services
12,473 visits/mo 0.4 miles
Dollar General Shops & Services
4,900 visits/mo 0.4 miles
Citgo Shops & Services
4,296 visits/mo 0.3 miles
Enterprise Rent-A-Car Shops & Services
593 visits/mo 0.3 miles

Demographics for 47670, IN

11,934
Population
5,440
Households
2.2
Avg Household Size
41
Median Age
13%
College-Educated
89%
High-School Grad
82.0 sq mi
ZIP Area
146
Density / Sq Mi
$65,873
Median Household Income
$36,957
Median Earnings
$959
Median Rent
$140,400
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Two-level property includes covered outdoor seating and an upstairs office or apartment.
Where is this conventional restaurant located?
The property is located at 217 N Main Street Princeton, IN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Operating restaurant business included with the property; 0.67‑acre site across three lots; Main level contains over 3,000 square feet
More about this property
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