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    727 S Main St Greencastle, IN 46135

    For Sale
    $345,000

    Business - Greencastle, IN

    Type:Business
    Property size:
    9,981 SF
    Lot size:
    0.27 Acres
    Days on Market:
    161
    Last Refresh:
    Dec 14 at 12:06 pm

    Property Features for 727 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    commercial general
    APN
    670921401055000008
    Size
    9,981 SF
    Lot size
    0.27 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    F.C. Tucker Advantage, Realtors (765) 653-8702 [email protected]

    Listing agent Mary Looper (765) 653-8702 License #RB14027759

    Listing date Jul 7, 2025

    MLS# 22018111 Listing URL

    Copyright © 2025 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.

    Overview

    Established Restaurant/Bar in Greencastle, IN

    This well-established business in Greencastle, Indiana, features recent renovations including new flooring, tables, chairs, bar stools, a walk-in cooler, a commercial kitchen, and a commercial tankless hot water heater. The property offers curb appeal with handicap access and a rail. The building, totaling 9981 square feet, includes two separate dining areas: a bar and a family restaurant. Additional space upstairs is currently used for storage but could be converted into office space. The property is zoned for commercial general use and is situated on a 0.27-acre lot. A large parking lot and street parking provide ample parking. The intended use of the property is for restaurant, retail, and bar businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wally's Bar & Grill No one Bar & Grill

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Inn at DePauw

    Location Insight

    • Map
    • Local Demand
    City
    Greencastle
    County
    Putnam
    State
    Indiana
    Longitude
    -86.854126
    Latitude
    39.635327

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    FAQs

    What type of property is this?
    Restaurant - Newly renovated restaurant and bar with additional space and parking.
    Where is this restaurant located?
    The property is located at 727 S Main St Greencastle, IN.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: - Newly renovated with new flooring, tables, chairs, walk-in cooler, commercial kitchen, and tankless hot water heater.; - Huge building with two separate dining areas (bar and family restaurant).; - Large parking lot plus street parking.
    (765) 653-8702
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    727 S Main St Greencastle, IN 46135
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    Greencastle, IN 46135
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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
    727 S Main St Greencastle, IN 46135
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