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    1585 Highway 64 NE New Salisbury, IN 47161

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    For Sale
    $1,600,000

    Established business with restaurant, car wash, rentals, and barber shop.

    Property size:
    3,052 SF
    Lot size:
    3.93 Acres

    Property Features for 1585 Highway 64 NE

    General Information

    Size
    3,052 SF
    Lot size
    3.93 Acres

    Source: Debby Broughton Realty Agent Debby Broughton

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

    Overview

    Highway Commercial Property with Multiple Incomes

    This property presents an opportunity to own a long-running business in a high-traffic area at the intersection of Highway 64 and Highway 135. The property offers multiple income streams, including a Dairy Dip restaurant, a three-bay car wash, two residential rentals, and a building currently rented as a barber shop. The Dairy Dip includes all kitchen equipment, making it a turnkey business. With road frontage on both Highway 64 (with two separate entry points) and Highway 135, the property is 3052 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dairy Dip - Restaurant Fast Food Restaurant

    Suggested Use

    Restaurant Building Supply Dental Office Wholesale Shop Auto Repair Shop Nail Salon Gym & Fitness Auto Parts Store Pharmacy Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    New Salisbury
    County
    Harrison
    State
    Indiana
    Longitude
    -86.0957298
    Latitude
    38.3163121

    Nearby Similar for Sale

    • $999,900
      1,515 SF

      66.24 Acre Farm with Rental

      66.24 acre farm featuring a rental home and barns.
      8960 Turkey Farm Rd NW, New Salisbury, IN 47161
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Established business with restaurant, car wash, rentals, and barber shop.
    Where is this conventional restaurant located?
    The property is located at 1585 Highway 64 NE New Salisbury, IN.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Multiple income streams from Dairy Dip, car wash, residential rentals, and barber shop.; - High traffic location at the intersection of Hwy 64 and 135.; - Dairy Dip restaurant includes all kitchen equipment for a turnkey business.
    (812) 946-3393
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    1585 Highway 64 NE New Salisbury, IN 47161
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    New Salisbury, IN 47161
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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
    1585 Highway 64 NE New Salisbury, IN 47161
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