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Bar and Restaurant with Liquor License
For Sale
$359,900

3823 N Broadway Avenue, Muncie, IN 47303

COMMERCIAL - Muncie, IN

Property SizeContact for details
Lot Size0.35 Acres
Days on Market184

Property Features for 3823 N Broadway Avenue

General Information

Property type Commercial Sale
Property subtype Other
Parking features Off Street
Lot features City, Commercial
Directions GPS friendly
Subdivision Delaware County
Standard status Active
APN 18-07-34-428-009.000-003
Lot size 0.35 Acres

Taxes and HOA fees

Tax Year 2027
Tax Description MORNINGSIDE ADD Lot # 701-702
Tax Annual Amount 4879
Legal Description MORNINGSIDE ADD Lot # 701-702

Utilities

Cooling system Central Air

Building Details

Year built 1960
Flooring type Carpet, Tile - Ceramic
Roof type Shingle, Asphalt
Listing Agency: RE/MAX Real Estate Groups · RE/MAX International
Listed By: Ryan Kramer · License #RB14042267
Added: Feb 6 Changed: Aug 5 Last Checked: Aug 9 at 9:06AM
MLS# 202603850

Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. 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.

Bar and restaurant opportunity in Muncie, Indiana: Cheers. The sale includes the real estate, the business name, and established operations, presented as a turn-key restaurant/bar option.

Located at 3823 N Broadway Avenue (Delaware County), the property sits on a 0.35-acre lot and was built in 1960. Interior finishes include ceramic tile and carpet floors. Central air provides comfort, and off-street parking is available. The roof is asphalt shingle.

The sale includes kitchen equipment and business personal property/furnishings, as well as a valuable 3-way liquor license. Seller to retain the Volkswagen bar, trophies, and speakers.

Key Highlights

  • Includes real estate, business name, and established operations for Cheers
  • Includes kitchen equipment plus business personal property and furnishings
  • Valuable 3‑way liquor license included

Property Analytics

Current Use

ATM Atm Cheers Restaurant

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Bakery Carpet & Flooring Store Accounting Firm Catering Service

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
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

460
Businesses Nearby
333k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Apparel 45% Dining 34% Shops & Services 19% Beauty & Spa 1%
Kohl's Apparel
58,653 visits/mo 0.2 miles
T.J. Maxx Apparel
52,298 visits/mo 0.2 miles
McDonald's Dining
41,564 visits/mo 0.4 miles
Puerto Vallarta Dining
17,086 visits/mo 0.2 miles
Buffalo Wild Wings Dining
16,684 visits/mo 0.4 miles

Demographics for 47303, IN

24,069
Population
11,567
Households
2.1
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
58.0 sq mi
ZIP Area
415
Density / Sq Mi
$42,556
Median Household Income
$22,497
Median Earnings
$883
Median Rent
$106,600
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Starbucks 3601 N Barr St, Muncie, IN 47303

Frequently Asked Questions

What type of property is this?
Bar & Pub - Three-way liquor license and central air in a tile and carpet bar and restaurant with off-street parking.
Where is this bar & pub located?
The property is located at 3823 N Broadway Avenue Muncie, IN.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Includes real estate, business name, and established operations for Cheers; Includes kitchen equipment plus business personal property and furnishings; Valuable 3‑way liquor license included
More about this property
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