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    118 S 3Rd St Boonville, IN 47601

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    For Sale
    $750,000

    Profitable, remodeled saloon with gaming license opportunity in Boonville.

    Lot size:
    0.09 Acres

    Property Features for 118 S 3Rd St

    General Information

    Lot size
    0.09 Acres

    Source: F.C. Tucker Commercial Agent Kenneth M. Newcomb, Jr.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Saloon with Gaming Potential

    This property features one of the oldest continuously operating saloons in Warrick County. A complete structural remodel was conducted in 2020-2021, with an investment exceeding $1,100,000. The renovations included new roofs, plumbing, HVAC, and electrical systems, as well as new ceramic tile restrooms. The business is currently profitable, with the owners selling to focus on other locations. A Type-2 Gaming License is available, presenting an upside gaming opportunity. The property also includes a 3-way Liquor License with carry-out privileges.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    3rd Street Saloon Bar & Grill

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Stoner's Grill, 3rd Street Saloon

    Location Insight

    • Map
    • Local Demand
    City
    Boonville
    County
    Warrick
    State
    Indiana
    Longitude
    -87.273942
    Latitude
    38.049687

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    FAQs

    What type of property is this?
    Bar - Profitable, remodeled saloon with gaming license opportunity in Boonville.
    Where is this bar located?
    The property is located at 118 S 3Rd St Boonville, IN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Profitable Business with Significant Investment: Over $1,100,000 invested.; - Type-2 Gaming License Available: Add a lucrative gaming component.; - 3-Way Liquor License with Carry-out: Maximizes revenue streams.
    (812) 204-4004
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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
    118 S 3Rd St Boonville, IN 47601
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