Renovated Mixed-Use Bar
For Sale
$360,000
117 S Branson St, Marion, IN 46952
Includes a licensed bar, three upper apartments, and a fenced outdoor patio.
Property Size4,670 SF
Price / SF$77.09
Days on Market49
Property Features for 117 S Branson St
General Information
Standard status
Active
Size
4,670 SF
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
paved parking
separate outside entrance
Building Details
Year Built
1941
Listing Agency:
RE/MAX Realty One
Listed By:
Sally Jenks · License #RB14036978
(765) 664-2322
Source:
Callcriswell
Added: Sep 14
Changed: Oct 25
Last Checked: Oct 7 at 4:55PM
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 RE/MAX Realty One
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Investment Insights
Based on property information with market context.
This mixed-use property combines a renovated bar operation with three apartments on the upper level. The bar area includes a 3-way liquor license, equipment, furniture, a walk-in cooler, and a privacy-fenced outdoor patio. Upper-level residences are accessed through a separate exterior entrance and include one two-bedroom, two-bath apartment along with two efficiency units.
The property contains 4,670 square feet and was built in 1941. Additional site features include ample paved parking, supporting both the commercial operation and residential component.
The property contains 4,670 square feet and was built in 1941. Additional site features include ample paved parking, supporting both the commercial operation and residential component.
Key Highlights
- 3‑way liquor license included
- Three upper apartments: one 2‑bedroom and two efficiencies
- 4,670 square feet on a 0.11‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,434
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,680
$508.7K
Cap Rate 7%
$363,343
$363.3K
Cap Rate 9%
$282,600
$282.6K
Market Conditions
NOI Build-Up for 4,670 SF
Gross rent
$42.0K $9.00/SF
− Vacancy
−$5.7K −$1.22/SF
EGI
$36.3K $7.78/SF
− OpEx
−$10.9K −$2.33/SF
NOI
$25.4K $5.45/SF
Area
Grant County, IN
Vacancy
13.55%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,680
Cap Rate 7%
$363,343
Cap Rate 9%
$282,600
Alternative Uses
Best Use
Specialty Retail
$906.9K
$793.6K – $1.06M
NOI $63,485 @ 7.0% cap · market cap 17.63%
Second Best
Mixed Use
$572.4K
$500.9K – $667.8K
NOI $40,069 @ 7.0% cap · market cap 11.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Explore this area
Business Placement
Demographics for 46952, IN
18,996
Population
8,832
Households
2.2
Avg Household Size
46
Median Age
25%
College-Educated
89%
High-School Grad
105.5 sq mi
ZIP Area
180
Density / Sq Mi
$53,481
Median Household Income
$39,246
Median Earnings
$785
Median Rent
$129,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a licensed bar, three upper apartments, and a fenced outdoor patio.
Where is this mixed-use property located?
The property is located at 117 S Branson St Marion, IN.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 3‑way liquor license included; Three upper apartments: one 2‑bedroom and two efficiencies; 4,670 square feet on a 0.11‑acre lot
