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    1500 E St Richmond, IN 47374

    Sponsored
    For Sale
    $960,000

    Turnkey Business, Liquor License Included

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional commercial property at 1500 N E Street in Richmond, Indiana, presents a unique investment opportunity. The 0.62-acre lot houses a well-established bar and restaurant, complete with a spacious indoor dining area perfect for serving pizza, steaks, and other classic bar fare. The property boasts an attractive outdoor patio offering scenic views of historic Richmond. Adding to the lively atmosphere are on-site volleyball courts. This turnkey operation is fully equipped and ready for immediate operation. A significant advantage is the inclusion of a coveted three-way (210) liquor license, enabling both on-site consumption and carry-out sales. The property's established clientele and proven business model make it an attractive proposition for experienced restaurateurs or those seeking a profitable venture in a vibrant community. The sale price is $960,000. Serious inquiries only. The square footage of the building is not currently available.

    Property Features for 1500 E St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    27,007 SF

    Building Details

    Year Built
    1910
    Property Profile Location Intelligence

    Current Use by Public Records

    Generations Sports Bar Bar Generations Grill and Sports ... Sports Bar

    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
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.88145
    Latitude
    39.83458

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Business, Liquor License Included
    Where is this commercial real estate located?
    The property is located at 1500 E St Richmond, IN.
    What is the asking price?
    The asking price for this property is $960,000.
    (765) 595-8155
    Request Owner's contact information
    1500 E St Richmond, IN 47374
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    Richmond, IN 47374
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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
    1500 E St Richmond, IN 47374
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