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    400 Capitol Ave Corydon, IN 47112

    For Sale
    $599,000

    Successful Restaurant, Prime Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional business opportunity is located at 400 N Capitol Avenue in the heart of historic Corydon, Indiana. The property boasts a highly visible street-front location directly across from the courthouse, ensuring maximum exposure and foot traffic. Currently operating as Fredericks Restaurant, a thriving establishment known for its excellent breakfast and lunch service, this turnkey operation offers immediate income potential. The restaurant comfortably seats approximately 67 patrons, providing ample space for diners. Adding to the investment appeal is a 2-bedroom, 1-bathroom apartment situated above the restaurant, currently generating rental income. This adds a valuable secondary revenue stream to the overall property value. The 0.71-acre lot is situated in the historic district, offering a unique blend of charm and commercial viability. This is a rare chance to own a well-established business in a vibrant and desirable downtown location, with the potential for continued growth and success. The property's prime location offers easy walking access to numerous shops and attractions, further enhancing its appeal to both customers and residents. This is an exceptional opportunity for an entrepreneur seeking a profitable venture in a thriving community. The combination of a successful restaurant and a rental apartment makes this a truly unique and compelling investment. Don't miss this chance to own a piece of Corydon's rich history and vibrant future.

    Property Features for 400 Capitol Ave

    General Information

    Property type
    Investment properties
    Lot Size
    30,928 SF

    Building Details

    Year Built
    1948
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fredericks Cafe & Grill Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Corydon
    County
    Harrison
    State
    Indiana
    Longitude
    -86.12602
    Latitude
    38.21239

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    FAQs

    What type of property is this?
    Investment property - Successful Restaurant, Prime Location
    Where is this investment property located?
    The property is located at 400 Capitol Ave Corydon, IN.
    What is the asking price?
    The asking price for this property is $599,000.
    (812) 923-7050
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    400 Capitol Ave Corydon, IN 47112
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    Corydon, IN 47112
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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
    400 Capitol Ave Corydon, IN 47112
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