Restaurant with Bar and
For Sale
$595,000
512 Lincolnway Highway, Osceola, IN 46561
COMMERCIAL, Osceola, IN
Property SizeContact for details
Lot Size0.67 Acres
Days on Market210
Property Features for 512 Lincolnway Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Lincolnway Highway
Subdivision
St. Joseph County
Standard status
Active
APN
71-10-16-108-015.000-030
Lot size
0.67 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
OF lot 70 sec 16 37 4E 10/11 Cons W/0042 & 0043 &15-1144-5777
Tax Annual Amount
4000
Legal Description
OF lot 70 sec 16 37 4E 10/11 Cons W/0042 & 0043 &15-1144-5777
Utilities
Cooling system
Central Air
Amenities
entertainment stage
dance floor
pool table
darts
touch tunes
ATM
Building Details
Year built
1975
Flooring type
Mixed
Roof type
Flat
Listing Agency:
Berkshire Hathaway HomeServices Elkhart
(574) 293-1010
Listed By:
Lori Snyder · License #RB14022203
(574) 849-5886
Added: Jan 30
Changed: Aug 28
Last Checked: Aug 28 at 10:06AM
MLS# 202603122
Copyright © 2026 Elkhart County Board 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.
The offering combines a restaurant business and its real estate at 512 Lincolnway Highway in Osceola. The 1975 building has mixed flooring, central air, and a flat roof, with interior areas arranged for dining, bar service, entertainment, dancing, and pool-table activities. Outdoor seating with heaters adds another customer area.
The property sits on 0.67 acres and provides private parking. Restaurant equipment includes an ice machine, fryers, dishwasher, four stand-up freezers, a beer cooler, and a walk-in cooler. The bar features horseshoe-shaped seating with 6 taps and 7 draft lines. Additional entertainment and service equipment includes TouchTunes, an ATM, a pool table, and darts. A stage and dance floor support karaoke and comedy programming.
The property sits on 0.67 acres and provides private parking. Restaurant equipment includes an ice machine, fryers, dishwasher, four stand-up freezers, a beer cooler, and a walk-in cooler. The bar features horseshoe-shaped seating with 6 taps and 7 draft lines. Additional entertainment and service equipment includes TouchTunes, an ATM, a pool table, and darts. A stage and dance floor support karaoke and comedy programming.
Key Highlights
- Restaurant business and real estate offered together at 512 Lincolnway Highway
- 0.67‑acre property with private parking and outdoor seating with heaters
- Bar features horseshoe seating, 6 taps, and 7 drafts
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
Dollar General
Shops & Services
7,490 visits/mo
0.3 miles
Phillips 66
Shops & Services
5,742 visits/mo
0.3 miles
SUBWAY
Dining
1,554 visits/mo
0.3 miles
Red Dot Storage
Shops & Services
484 visits/mo
0.3 miles
Demographics for 46561, IN
14,155
Population
5,580
Households
2.5
Avg Household Size
38
Median Age
26%
College-Educated
92%
High-School Grad
13.6 sq mi
ZIP Area
1,041
Density / Sq Mi
$83,520
Median Household Income
$43,107
Median Earnings
$1,137
Median Rent
$208,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant sale includes the business, equipment, dedicated parking, and outdoor seating.
Where is this conventional restaurant located?
The property is located at 512 Lincolnway Highway Osceola, IN.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Restaurant business and real estate offered together at 512 Lincolnway Highway; 0.67‑acre property with private parking and outdoor seating with heaters; Bar features horseshoe seating, 6 taps, and 7 drafts
