Building Details

Year built 1930

Listing Agency: Lohmiller Real Estate Show Phone

Listed By: Charles Peters Jr · License #RB14044461 Show Phone

Added: Sep 25, 2025 Changed: Sep 25 Last Checked: Sep 25 at 1:06PM

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MLS# 205992

Copyright © 2026 Southeastern Indiana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1930, this mixed-use building in Sunman combines restaurant space with three apartments. The restaurant includes two pizza ovens, a walk-in cooler, equipment, and an original bar and back bar dating to the early 1900s. Upstairs are two two-bedroom apartments and one one-bedroom apartment.

The property occupies a 0.16-acre site at 119 S Meridian Street in Sunman, Indiana.

Key Highlights

• Restaurant space includes 2 pizza ovens, a walk‑in cooler, and equipment
• Three apartments upstairs: two 2‑bedroom units and one 1‑bedroom unit
• Original bar and back bar date to the early 1900s

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Storage Facility Garden Center Big Box & Wholesale Store Grocery & Convenience Store Auto Repair Shop Hair Salon

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

3

Residential units

Location Intelligence

Trade Area within ½ mile

108

Businesses Nearby

Explore this area Business Placement

Demographics for 47041, IN

5,891

Population

2,449

Households

2.4

Avg Household Size

42

Median Age

25%

College-Educated

90%

High-School Grad

77.8 sq mi

ZIP Area

76

Density / Sq Mi

$86,778

Median Household Income

$45,872

Median Earnings

$834

Median Rent

$280,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Restaurant space and three apartments bring commercial and residential components together in one building.

Where is this mixed-use property located?

The property is located at 119 S Meridian Street Sunman, IN.

What is the asking price?

The asking price for this property is $349,000.

What are key features of this property?

This property features: Restaurant space includes 2 pizza ovens, a walk‑in cooler, and equipment; Three apartments upstairs: two 2‑bedroom units and one 1‑bedroom unit; Original bar and back bar date to the early 1900s