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    8201 State Road 64 Marengo, IN 47140

    For Sale
    $325,000

    Established Restaurant, High Traffic Area, Great Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional business opportunity presents a chance to acquire a well-established restaurant in Marengo, Indiana, boasting over 60 years of continuous operation within Crawford County. The property sits on a 1.55-acre lot and enjoys a high-traffic location, benefiting from both local patronage and significant tourist traffic due to its proximity to popular attractions like Marengo Cave and Cave Country Canoes. The restaurant itself has been meticulously maintained throughout its history and has undergone several key updates over the years. These improvements include the addition of extra space to accommodate growing demand, the installation of a convenient carry-out window for enhanced customer service, a new awning providing both aesthetic appeal and practical weather protection, and ample parking to comfortably handle the influx of customers. The sale includes all business equipment and inventory, ensuring a seamless transition for the new owner. This is a rare chance to own a piece of local history and a thriving business with a proven track record. The property's prime location and established customer base make it an attractive investment for those seeking a turnkey operation in a vibrant community. Don't miss this exceptional opportunity to own a piece of Crawford County's rich heritage and a successful, established restaurant. The asking price is $325,000.

    Property Features for 8201 State Road 64

    General Information

    Property type
    Investment properties
    Lot Size
    67,518 SF

    Building Details

    Year Built
    1961
    Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Auto Repair Shop Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Marengo
    County
    Crawford
    State
    Indiana
    Longitude
    -86.30656
    Latitude
    38.35788

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    FAQs

    What type of property is this?
    Investment property - Established Restaurant, High Traffic Area, Great Opportunity
    Where is this investment property located?
    The property is located at 8201 State Road 64 Marengo, IN.
    What is the asking price?
    The asking price for this property is $325,000.
    (812) 200-2838
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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
    8201 State Road 64 Marengo, IN 47140
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