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    210-212 2Nd St Seymour, IN 47274

    For Sale
    $325,000

    Downtown Seymour: Prime Restaurant Space Available

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional three-story commercial building, located at 210-212 W 2nd Street in the heart of downtown Seymour, Indiana, presents a unique opportunity for an upscale casual restaurant. Boasting over 5,000 square feet per floor, plus a sizable basement for storage, this property offers ample space for a thriving establishment. The building currently has a tenant in place, providing immediate income potential. Seymour's downtown area is experiencing significant revitalization, with numerous recent building sales, leases, and renovations. This growth includes the addition of a 3.24-acre family park hosting events, a farmers market, concerts, and movies, creating a vibrant and active community atmosphere. The city actively encourages further development, with a need for additional restaurants, breweries, wineries, boutique shops, and specialty stores. The potential buyer can apply for a 2-3 way liquor permit through the Indiana Alcohol and Tobacco Commission (ATC) for beer, wine, and liquor sales. Furthermore, there's a strong demand for additional upper-floor apartments to enhance the urban living experience and foster a "Live, Work, and Play" environment. The Seymour Main Street Organization offers incentives for both building owners and tenants, making this an attractive investment opportunity. Don't miss the chance to be part of Seymour's exciting growth and establish a successful business in this prime location. The property is priced at $325,000.

    Property Features for 210-212 2Nd St

    General Information

    Property type
    Investment properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seymour
    County
    Jackson
    State
    Indiana
    Longitude
    -85.89102
    Latitude
    38.95927

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    FAQs

    What type of property is this?
    Investment property - Downtown Seymour: Prime Restaurant Space Available
    Where is this investment property located?
    The property is located at 210-212 2Nd St Seymour, IN.
    What is the asking price?
    The asking price for this property is $325,000.
    (812) 283-4778
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    210-212 2Nd St Seymour, IN 47274
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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

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    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
    210-212 2Nd St Seymour, IN 47274
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