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Riley Township Commercial Opportunity
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7694 E First St, Riley, IN 47871

Grocery store or restaurant opportunity in Riley Township.

Days on Market536

Property Features for 7694 E First St

General Information

Standard status Active
Property subtype Retail
Listing Agency: CENTURY 21 Elite
Listed By: Peg Carney Finzel · License #IN
Source: Crexi
Added: Feb 10, 2025 Changed: Jul 10 Last Checked: Jul 31 at 4:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Elite

Investment Insights

Based on property information with market context.

This property, formerly the Old Riley Food Mart Grocery Store, is available for sale in Riley Township. The main floor presents the opportunity to revert to a grocery store or be transformed into a restaurant. The upstairs space is currently a blank canvas, offering possibilities for development. This property offers potential for a remarkable venture.

Key Highlights

  • Prime location in the heart of Riley Township.
  • Main floor suitable for grocery store or restaurant.
  • Upstairs space offers limitless possibilities for development.

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store HVAC Service Real Estate Agency Pharmacy Storage Facility

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

Location Intelligence

Trade Area within ½ mile

69
Businesses Nearby
22k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Casey's Shops & Services
14,880 visits/mo 0.5 miles
Dollar General Shops & Services
6,639 visits/mo 0.5 miles

Demographics for 47871, IN

235
Population
191
Households
1.2
Avg Household Size
36
Median Age
15%
College-Educated
95%
High-School Grad
0.1 sq mi
ZIP Area
2,350
Density / Sq Mi
$72,813
Median Household Income
$29,702
Median Earnings
$921
Median Rent
$92,700
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
Rey
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Grocery store or restaurant opportunity in Riley Township.
Where is this grocery and convenience store located?
The property is located at 7694 E First St Riley, IN.
What is the asking price?
The asking price for this property is $74,999.
What are key features of this property?
This property features: Prime location in the heart of Riley Township.; Main floor suitable for grocery store or restaurant.; Upstairs space offers limitless possibilities for development.
More about this property
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