113 Morgan St Rushville, IN 46173-1913
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.
-
South 113 Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.