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    4015 State Rd 446 Hwy Bloomington, IN 47401

    Sponsored
    For Sale
    $1,000,000

    Established bar, restaurant, & rental income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional turnkey business opportunity encompasses a thriving bar and restaurant, deeply rooted in the Bloomington community for over a decade. The sale includes three buildings situated on two parcels totaling 2.07 acres, offering significant potential for expansion or diversification. The main building houses the popular bar and restaurant, complete with a fully equipped industrial kitchen, all appliances, seating, and a valuable 3-way liquor license. Included in the sale are the existing spirits inventory, two wood-burning stoves, and nearly all furnishings (excluding a few decorations and one pool table). A separate building features a restroom facility and a four-car garage, previously used as a mechanic's shop, presenting versatile options for future use. Adding to the income stream is a three-bedroom, one-bathroom apartment currently leased month-to-month for $800, and a cabin requiring some TLC. The property also boasts two holding tanks (requiring infrequent pumping), a convenient driveway leading to the rear, over 50 street parking spaces, and multiple outdoor decks ideal for hosting events. The location is highly desirable, just a short distance from the causeway and Cutright Boat Ramp, ensuring easy access for patrons. This well-established business, with its loyal customer base and strong local reputation, presents a rare opportunity for a savvy investor. The 0.62-acre lot provides ample space for future development.

    Property Features for 4015 State Rd 446 Hwy

    General Information

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

    Building Details

    Year Built
    1967
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.42858
    Latitude
    39.11723

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    FAQs

    What type of property is this?
    Commercial real estate - Established bar, restaurant, & rental income.
    Where is this commercial real estate located?
    The property is located at 4015 State Rd 446 Hwy Bloomington, IN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (812) 322-5818
    Request Owner's contact information
    4015 State Rd 446 Hwy Bloomington, IN 47401
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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.

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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
    4015 State Rd 446 Hwy Bloomington, IN 47401
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