Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    600 Roosevelt Rd Walkerton, IN 46574

    For Sale
    $259,000

    Established Cafe & Rental Apartments

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property, located at 600 Roosevelt Road in the heart of Walkerton, Indiana, presents a unique investment opportunity. The main building houses a well-established cafe, complete with the majority of its fixtures, creating a turnkey business opportunity for a new owner. The charming interior of the cafe is ready for immediate operation. Adding to the property's value are three apartments situated above the cafe. Two of these apartments are currently rented, boasting a strong rental history, providing a consistent stream of passive income. The third apartment is currently undergoing renovations, presenting an opportunity to increase rental income upon completion. The property sits on a 0.08-acre lot, offering a prime downtown location with high visibility and foot traffic. This is an ideal investment for an entrepreneur seeking a profitable business venture combined with a reliable rental income stream. The asking price for this combined commercial and residential property is $259,000. The established cafe and the strong rental history of the apartments make this a compelling investment opportunity in a desirable downtown location. Serious inquiries are encouraged to explore this promising venture further. The property's size is not specified in the provided information.

    Property Features for 600 Roosevelt Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Corner Cup Cafe American Restaurant Secure Insurance Agency IN Insurance Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Walkerton
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.48338
    Latitude
    41.46655

    Nearby Comparable

    • $2,950,000
      60.03 Acres

      North Liberty Aggregate Pit

      60 Acres, Prime Mining Land
      60 Liberty St, North Liberty, IN 46554
      View Details
    • $375,000
      32.00 Acres

      Productive Agricultural Land For Sale

      31+/- acres of prime corn and bean producing land.
      Tbd 550N Rd, Grovertown, IN 46531
      View Details
    • $437,040
      48.56 Acres

      Plymouth Agricultural Land with Wildlife

      48.56 acres with tillable land, woods, and wildlife.
      Tbd 3B Rd, Plymouth, IN 46563
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Established Cafe & Rental Apartments
    Where is this commercial real estate located?
    The property is located at 600 Roosevelt Rd Walkerton, IN.
    What is the asking price?
    The asking price for this property is $259,000.
    (574) 586-7030
    Request Owner's contact information
    600 Roosevelt Rd Walkerton, IN 46574
    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.
    600 Roosevelt Rd
    Walkerton, IN 46574
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    600 Roosevelt Rd Walkerton, IN 46574
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.