Established Restaurant Landmark For
For Sale
$699,000
2904 45th St, Highland, IN 46322
Iconic Highland restaurant with loyal customer base since 1947.
Days on Market114
Property Features for 2904 45th St
General Information
Standard status
Active
Property subtype
Retail
Building Details
Year Built
1947
Listing Agency:
Latitude Commercial
(219) 545-4328
Listed By:
Brett McDermott, CCIM · License #IN #RB14050416
(219) 545-4328
Source:
Latitudeco
Added: Apr 8
Changed: Jul 10
Last Checked: Jul 30 at 5:00AM
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 Latitude Commercial
Investment Insights
Based on property information with market context.
The Town Club Restaurant & Lounge, a dining landmark established in 1947, is available for purchase. Situated on the heavily traveled 45th Street corridor in Highland, Indiana, this restaurant has been a community staple for many years. The Town Club is known for its signature hand-cut steaks and popular martinis, offering a rich legacy and loyal customer base. The sale includes a 3-way Liquor license. Additional revenue potential exists by leasing the upstairs apartment. According to Placer AI, the restaurant is in the top 75 percentile for total restaurant visits in Indiana.
Key Highlights
- Established restaurant landmark serving Highland, Indiana since 1947.
- Located on heavily traveled 45th Street.
- Strong, loyal customer base.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Beauty & Spa 3%
The UPS Store
Shops & Services
10,246 visits/mo
0.2 miles
Discount Tire Store
Shops & Services
9,147 visits/mo
0.5 miles
Fifth Third Bank & ATM
Shops & Services
5,032 visits/mo
0.1 miles
Hallmark
Shops & Services
4,436 visits/mo
0.5 miles
Thomas Chrysler Dodge Jeep Ram of Highland
Shops & Services
3,532 visits/mo
0.3 miles
Demographics for 46322, IN
23,984
Population
10,791
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,476
Density / Sq Mi
$76,219
Median Household Income
$47,458
Median Earnings
$1,202
Median Rent
$219,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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 - Iconic Highland restaurant with loyal customer base since 1947.
Where is this conventional restaurant located?
The property is located at 2904 45th St Highland, IN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Established restaurant landmark serving Highland, Indiana since 1947.; Located on heavily traveled 45th Street.; Strong, loyal customer base.
