Search
Restaurant with Apartment Above
For Sale
$198,000

117 West Franklin Street, Delphi, IN 46923

Functioning Chinese restaurant currently operates on the ground level with an apartment above.

Property Size2,396 SF
Price / SF$82.64
Days on Market452

Property Features for 117 West Franklin Street

General Information

Standard status Active
Size 2,396 SF
Property subtype Commercial / Mixed Use

Additional Details

Multifamily Units 1

Taxes and HOA fees

Annual Taxes $3,165

Amenities

Central Air
2
No
Vinyl
Forced Air
Yes
Brick
Asphalt

Building Details

Year Built 1880
Buildings 1
Listing Agency: Sweet Home Realty
Listed By: Qiuju Zhang · License #RB15001526
Source: Compass
Added: May 30, 2025 Changed: Aug 23 Last Checked: Aug 23 at 7:44AM

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 Sweet Home Realty

Investment Insights

Based on property information with market context.

This property is currently operating as a functioning Chinese restaurant. It features restaurant space on the main level with an apartment located above.

The asset is for sale in Delphi, IN, providing a built-in live-and-work configuration with food service use and residential space under one roof.

The property is being presented based on its current layout and operating status as a restaurant with an apartment above.

Key Highlights

  • Functioning Chinese restaurant operating on the ground level
  • Apartment located above the restaurant

Property Analytics

Current Use

China 1 Restaurant

Suggested Use

Top Pick Electrical Service Building Supply Bakery Dental Office (Bike/Boat/Book/etc) Store HVAC Service

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

1
Residential units

Location Intelligence

Trade Area within ½ mile

365
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 45% Dining 40% Groceries 15%
McDonald's Dining
18,276 visits/mo 0.3 miles
Save-A-Lot Groceries
9,079 visits/mo 0.4 miles
Dollar General Shops & Services
8,560 visits/mo 0.4 miles
BP Shops & Services
6,525 visits/mo 0.3 miles
Dollar Tree Shops & Services
4,192 visits/mo 0.3 miles

Demographics for 46923, IN

8,162
Population
3,681
Households
2.2
Avg Household Size
42
Median Age
12%
College-Educated
90%
High-School Grad
134.9 sq mi
ZIP Area
61
Density / Sq Mi
$61,088
Median Household Income
$43,823
Median Earnings
$924
Median Rent
$157,600
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Functioning Chinese restaurant currently operates on the ground level with an apartment above.
Where is this conventional restaurant located?
The property is located at 117 West Franklin Street Delphi, IN.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Functioning Chinese restaurant operating on the ground level; Apartment located above the restaurant
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message