Building Details

Year built 1920

Listing Agency: Huff Realty Indiana t***@huff.com Show Phone

Listed By: F. Patrick Martini · License #RB14023601 Show Phone

Added: Apr 2, 2025 Changed: Aug 1 Last Checked: Aug 4 at 2:06AM

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MLS# 204750

Copyright © 2026 Southeastern Indiana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This restaurant building includes an upstairs apartment and a main dining and kitchen operation. The property conveys with trade fixtures and restaurant equipment (excluding jukebox, pop machine, tea/coffee makers), along with a liquor license, furniture, bar equipment, kitchen appliances, and a walk-in cooler and freezer. Upstairs also features a refrigerator and A/C units, plus approximately 500+/- sq ft of unfinished space that can be used to create additional rooms or another apartment.

The building was constructed in 1920 and sits on a 0.35-acre lot. It also includes an additional parking area, with improvements noted in the major renovations list covering items such as the roof, furnace, air conditioning, flooring, and the concrete parking lot.

The combination of a functioning restaurant space, an upstairs living unit, and additional unfinished area offers multiple ways to configure the property day to day. For a complete breakdown of included equipment and renovation items, review the attached lists provided with the offering.

Key Highlights

• Includes a liquor license, trade fixtures, and restaurant equipment (excluding jukebox, pop machine, tea/coffee makers)
• Walk‑in cooler and freezer plus bar equipment and kitchen appliances
• Upstairs apartment includes refrigerator and A/C units

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Garden Center Big Box & Wholesale Store Grocery & Convenience Store Auto Repair Shop Hair Salon Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

103

Businesses Nearby

10k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,851 visits/mo 0.4 miles

BP Shops & Services

4,308 visits/mo 0.3 miles

Demographics for 47041, IN

5,891

Population

2,449

Households

2.4

Avg Household Size

42

Median Age

25%

College-Educated

90%

High-School Grad

77.8 sq mi

ZIP Area

76

Density / Sq Mi

$86,778

Median Household Income

$45,872

Median Earnings

$834

Median Rent

$280,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant building with an upstairs apartment, trade fixtures and kitchen equipment, plus walk-in cooler and freezer.

Where is this conventional restaurant located?

The property is located at 104 S Meridian Street Sunman, IN.

What is the asking price?

The asking price for this property is $649,900.

What are key features of this property?

This property features: Includes a liquor license, trade fixtures, and restaurant equipment (excluding jukebox, pop machine, tea/coffee makers); Walk‑in cooler and freezer plus bar equipment and kitchen appliances; Upstairs apartment includes refrigerator and A/C units