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Property profile & analytics
OFF-MARKET
Turn key restaurants

113 Morgan St Rushville, IN 46173-1913

8,436 SF 0.62 ac lot Built 1949
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US31-2829814
Property summary
AI-generated overview

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 profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1949
Construction WOOD
Total area 8,436 SF
Lot 0.62 ac (27,083 SF)
APN 70-11-06-283-003.000-011
UPID US31-2829814
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • South 113 Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Liquid Assets INC · 8 yrs held
Liquid Assets INC
since 2017
2 recorded transactions
2019
Price N/A
2017
$83,489
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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