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Property profile & analytics
OFF-MARKET
Commercial real estate

1008 Main Street Rd Vincennes, IN 47591

0.19 ac lot Built 1890
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Year built 1890
Lot 0.19 ac (8,276 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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