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Restaurant Building with Rear Studio
For Sale
Contact for pricing

8245 N State Road 39, Lebanon, IN 46052

Former restaurant building includes new mechanicals, a new hood, and a studio apartment at the rear.

Property SizeContact for details
Days on Market120

Property Features for 8245 N State Road 39

General Information

Standard status Active
Property subtype Retail

Additional Details

Commercial Hood Yes
Multifamily Units 1
Listing Agency: Grange Strategic Partners / Grange Real Estate
Listed By: Bret Reinhardt · License #RC52400023
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 20 at 6:34PM

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 Grange Strategic Partners / Grange Real Estate

Investment Insights

Based on property information with market context.

This former family-owned restaurant building is offered for sale with recent improvements including new mechanicals and a new hood. In addition to the main dining and kitchen layout, the property includes a studio apartment at the rear of the building, supporting added income potential.

According to the public remarks, county zoning could allow for multiple uses. The building is located at 8245 N State Road 39 in Lebanon, Indiana.

Overall, the property presents a ready-to-repurpose restaurant facility with added residential space at the rear for flexible operational and income scenarios, subject to zoning approval.

Key Highlights

  • Former family‑owned restaurant building
  • New mechanicals and a new hood in place
  • Includes a studio apartment at the rear of the building

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Electrical Service Plumbing Service Kitchen & Bath Showroom Restaurant Bed & Breakfast Hotel & Motel

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
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

10
Businesses Nearby
Well-served
Demand for This Use

Demographics for 46052, IN

22,783
Population
9,935
Households
2.3
Avg Household Size
41
Median Age
26%
College-Educated
90%
High-School Grad
177.6 sq mi
ZIP Area
128
Density / Sq Mi
$66,828
Median Household Income
$43,933
Median Earnings
$911
Median Rent
$200,300
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Former restaurant building includes new mechanicals, a new hood, and a studio apartment at the rear.
Where is this conventional restaurant located?
The property is located at 8245 N State Road 39 Lebanon, IN.
What are key features of this property?
This property features: Former family‑owned restaurant building; New mechanicals and a new hood in place; Includes a studio apartment at the rear of the building
More about this property
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