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    113 Morgan St Rushville, IN 46173

    Sponsored
    For Sale
    $494,900

    Prime Location, High Traffic, Huge Potential

    Property size:
    8,336 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property, located at 113 S Morgan Street in Rushville, Indiana, presents a unique investment opportunity. Situated just one block from the main street of this growing rural town, the property boasts impressive daily traffic counts exceeding 10,000 vehicles. The building itself is a solid brick and block structure, benefitting from recent updates including upgraded heating, cooling, and plumbing systems, as well as both single and three-phase electrical service. The main floor offers approximately 4,200 square feet of versatile space, currently configured for restaurant, bar, special events, and meeting functions. An additional 450 square feet of covered outdoor space enhances the property's appeal. A substantial lower level provides an additional 4,200 square feet of readily available space. The property includes restrooms on both the main and lower levels, along with ample storage rooms and multiple meeting rooms. The total building size is 8,336 square feet, situated on a 0.62-acre lot. This property is priced at $494,900 and offers significant potential for a variety of commercial uses. Its prime location and substantial size make it an ideal investment for entrepreneurs and business owners seeking a high-traffic, well-maintained space in a thriving community.

    Property Features for 113 Morgan St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,336 SF
    Lot Size
    27,007 SF

    Building Details

    Year Built
    1949
    Property Profile Location Intelligence

    Current Use by Public Records

    South 113 Bar

    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
    Rushville
    County
    Rush
    State
    Indiana
    Longitude
    -85.44652
    Latitude
    39.60732

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, High Traffic, Huge Potential
    Where is this mixed-use property located?
    The property is located at 113 Morgan St Rushville, IN.
    What is the asking price?
    The asking price for this property is $494,900.
    (765) 938-5888
    Request Owner's contact information
    113 Morgan St Rushville, IN 46173
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    Rushville, IN 46173
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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
    113 Morgan St Rushville, IN 46173
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