Property profile

113 Morgan St Rushville, IN 46173

OFF-MARKET
Turn key restaurants
Property ID
US31-2829814
8,436 SF 0.62 ac lot Built 1949
Entity Owned 8-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Bar & Pub

Location

113 Morgan St Rushville, IN 46173-1913
Rushville metro Census 974300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2017
2 recorded transactions
2019
Price N/A
2017
$83,489

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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