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    800 Main St Salem, IN 47167

    For Sale
    $550,000

    Established Food Business, Main Street Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional business opportunity presents the chance to acquire the renowned Cheddar Depot, a thriving establishment located at 800 N Main Street in Salem, Indiana. Boasting a prime location near schools, a hospital, nursing homes, and factories, this award-winning business benefits from strong daily foot traffic. Cheddar Depot offers a diverse menu including hand-dipped ice cream, a wide selection of cheeses, fudge, candies, and deli sandwiches. All recipes, equipment, and inventory are included in the sale, ensuring a smooth transition for the new owner. The business is well-established and known for its high-quality cheeses, which are shipped nationwide. Cheddar Depot also caters to local school districts and handles event orders, providing additional revenue streams. The property includes a comfortable covered porch and a picnic area for customer relaxation. The sale encompasses both the real estate and all business assets, facilitating a seamless transfer of ownership. Please note that the adjacent ice house/white shed near the picnic area is not included in the sale. The property sits on a 0.36-acre lot. The asking price for this turnkey operation is $550,000.

    Property Features for 800 Main St

    General Information

    Property type
    Investment properties
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cheddar Depot Restaurant The Ice House Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.10104
    Latitude
    38.6133

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    FAQs

    What type of property is this?
    Investment property - Established Food Business, Main Street Location
    Where is this investment property located?
    The property is located at 800 Main St Salem, IN.
    What is the asking price?
    The asking price for this property is $550,000.
    (812) 883-9555
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    800 Main St Salem, IN 47167
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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

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    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
    800 Main St Salem, IN 47167
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