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    1008 Main Street Rd Vincennes, IN 47591

    For Sale
    $350,000

    Established Pub with Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property at 1008 Main Street, Vincennes, Indiana, presents a unique investment opportunity. The 0.19-acre lot houses Willie's Pub, a well-established business with a strong social media presence (2.8K followers) and a proven track record of successful rentals for various events, including bridal showers, corporate functions, and private parties. Recent renovations have significantly enhanced the property's appeal, featuring upgraded seating areas, custom wood wall treatments, an improved hood system, refreshed brickwork, and a state-of-the-art surround sound system ideal for live music or DJ events. The sale includes the business itself, an adjacent lot, all signage, the business name, a valuable liquor license, a storage shed, and the majority of the personal property. The building boasts practical features such as a walk-in freezer, three air conditioning units, two exhaust fans, and four bathrooms. Enhanced security is provided by a VEI system. While some personal items (dart boards, pool table, ATM, and jukebox) are excluded from the sale, the comprehensive package offers a turnkey operation ready for immediate success or further development. This is a chance to acquire a thriving business and prime real estate in the heart of Vincennes' vibrant downtown area. The asking price is $350,000.

    Property Features for 1008 Main Street Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1890
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Vincennes
    County
    Knox
    State
    Indiana
    Longitude
    -87.52593
    Latitude
    38.67363

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    FAQs

    What type of property is this?
    Commercial real estate - Established Pub with Huge Potential
    Where is this commercial real estate located?
    The property is located at 1008 Main Street Rd Vincennes, IN.
    What is the asking price?
    The asking price for this property is $350,000.
    (812) 882-4444
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    1008 Main Street Rd Vincennes, IN 47591
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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
    1008 Main Street Rd Vincennes, IN 47591
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