Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Former Bar and Grill For Sale Title is generated by Realmo AI

    424-428 E 7th Street, Jeffersonville, IN 47130

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $209,000

    Former bar and grill with architectural drawings for various concepts.

    Type:Business Opportunities
    Added:
    Apr 3, 2024
    Days on Market:
    776
    Last Refresh:
    Apr 1 at 8:35 pm

    Property Features for 424-428 E 7th Street

    General Information

    Standard status
    Active
    Property subtype
    Business Opportunities

    Building Details

    Year Built
    1934

    We can help!

    Listing Contact
    Lopp Real Estate Brokers

    Listing agent Lopp Real Estate Brokers

    Listing office

    Listing date Apr 3, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lopp Real Estate Brokers

    HighLights

    • Includes structure on 3 parcels of land.
    • Full set of recently completed architectural drawings included.
    • Located next to the Clark Co Courthouse in historic downtown Jeff.
    • Plenty of outdoor space and parking.
    • Located one block from NoCo art district.
    • Former popular bar and grill location with tons of potential.

    Overview

    The property, formerly a bar and grill, is available for sale. It includes the existing structure situated on three parcels, accompanied by a complete set of recently finalized architectural drawings. The location offers ample outdoor space and parking, conveniently located next to the Clark County Courthouse and one block from the NoCo art district in historic downtown Jeffersonville. The site has potential for various business ventures, as it was previously a popular bar and grill. The architectural drawings suggest possibilities for converting the space into another restaurant, coffee shop, or brewery. The lot size, square footage, and property taxes are combined from all three parcels.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Outdoor Bar — Jeffersonville, IN 47130
    • Upland Jeffersonville — 707 W Riverside Dr, Jeffersonville, IN 47130
    • Freeze Bar Jeffersonville — 114 E Chestnut St, Jeffersonville, IN 47130
    • Harry's Taphouse & Kitchen — 130 W Riverside Dr, Jeffersonville, IN 47130
    • Red Yeti — 256 Spring St, Jeffersonville, IN 47130

    Location Insight

    • Map
    • Local Demand
    City
    Jeffersonville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7384307
    Latitude
    38.2775482

    Nearby Similar for Sale

    • $285,000
      3,987 SF

      Jeffersonville Retail Building For Sale

      High-visibility retail building with showroom layout and recent updates.
      429 Spring Street, Jeffersonville, IN 47130
      View Details
    • $399,000
      2,665 SF

      Jeffersonville Retail Space For Lease

      Versatile retail space in Jeffersonville's commercial corridor.
      1708 E 10th St, Jeffersonville, IN
      View Details
    • $1,000,000
      13,506 SF

      Medical Facility Near Downtown

      Well-maintained medical facility with income potential near hospital.
      1701 Spring St, Jeffersonville, IN 47130
      View Details
    • $775,000
      1,326 SF

      Redevelopment Opportunity on Corner Lot

      Versatile property on a corner lot, ideal for redevelopment.
      1626 Spring Street, Jeffersonville, IN
      View Details
    • $550,000
      2,546 SF

      Commercial Building with Open Floorplan

      2,546 SF commercial building suitable for retail or office.
      1105 Roosevelt Dr, Jeffersonville, IN
      View Details
    • Contact for pricing
      6,634 SF

      Downtown Jeffersonville Retail Opportunity

      Prime location in vibrant entertainment district with high foot traffic.
      115 W Chestnut Street, Jeffersonville, IN 47130
      View Details
    • $385,000

      Jeffersonville Commercial Building For Sale

      Freestanding building suitable for retail, office, or investment.
      1302 E 10th St, Jeffersonville, IN
      View Details
    • $5,000,000

      Profitable Marina on Ohio River

      Stabilized marina with 180 slips and expansion potential.
      4000 Utica Pike, Jeffersonville, IN 47130
      View Details
    • $2,000,000
      13,476 SF

      Class A Office Building

      Freestanding Jeffersonville office building with usable lower level.
      903 Spring St, Jeffersonville, IN
      View Details
    • $75,000

      Jeffersonville Retail Investment Opportunity

      Income-producing retail property in a growing Jeffersonville area.
      516 E 10th St, Jeffersonville, IN
      View Details
    • $995,000
      5,876 SF

      Church Building with Barn and Trailer

      6.5 acre parcel with church, barn, and trailer.
      3311 Holmans Lane, Jeffersonville, IN 47130
      View Details
    • $825,000
      3,048 SF

      Retail Space For Sale

      Retail space available for purchase, totaling 3,048 square feet.
      301 W Court Ave, Jeffersonville, IN 47130
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Former bar and grill with architectural drawings for various concepts.
    Where is this bar & pub located?
    The property is located at 424-428 E 7th Street Jeffersonville, IN.
    What is the asking price?
    The asking price for this property is $209,000.
    What are key features of this property?
    This property features: Includes structure on 3 parcels of land.; Full set of recently completed architectural drawings included.; Located next to the Clark Co Courthouse in historic downtown Jeff.
    (812) 728-8181
    We can help!
    Listing Contact
    Lopp Real Estate Brokers
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    424-428 E 7th Street, Jeffersonville, IN 47130
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!