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    5975 S State Road 9 Peabody, IN 46725

    Pending
    For Sale
    $525,000

    Restaurant, Restaurant/Bar - Columbia City, IN

    Lot size:
    4.78 Acres
    Days on Market:
    165
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 5975 S State Road 9

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2, Kitchen
    Bathrooms
    2
    APN
    92-09-01-000-306.900-013
    Parking
    50
    Parking features
    Paved or Surfaced
    Interior features
    Drywall, 220 Volts, Single Phase, Public Restrooms, Ventilating/Exhaust Fans, Ansel System, Refrigeration/Freezer
    Exterior features
    220 Volts, Single Phase, Public Restrooms, Ventilating/Exhaust Fans, Ansel System, Refrigeration/Freezer
    Lot size
    4.78 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1964
    Floors in Building
    1
    Flooring type
    Laminate
    Building materials
    Cedar, Concrete, Other
    Architectural style
    Other

    Orizon Real Estate Inc (260) 248-8961 [email protected]

    Listing agent Kevin Ewing (260) 248-8961 License #RB14018617

    Listing date Jun 25, 2025

    MLS# 202522543 Listing URL

    Copyright © 2025 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant on 4.78 Acres

    This long-established restaurant is situated on a 4.78-acre lot at the corner of State Road 14 and State Road 9. The location benefits from high traffic counts, offering potential for further business growth. The property includes a 3-way liquor license and ample parking space. Some of the equipment has been updated, including 3 A/C units and a new Ansel System. The zoning for the property is Industrial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Building Supply Wholesale Shop Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Whitley
    State
    Indiana
    Longitude
    -85.469773
    Latitude
    41.077917

    FAQs

    What type of property is this?
    Bar - Long-established restaurant with a 3-way liquor license on 4.78 acres.
    Where is this bar located?
    The property is located at 5975 S State Road 9 Peabody, IN.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - High-traffic corner location on SR 14 & SR 9 offers **excellent visibility and growth potential**.; - Includes a **valuable 3-way liquor license**.; - Substantial 4.78-acre property provides ample space.
    (260) 248-8961
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    Peabody, IN 46725
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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
    5975 S State Road 9 Peabody, IN 46725
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