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Established Restaurant Property
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131 Washington Street, Laurel, IN 47024

A functioning food-service property with commercial zoning and an established local restaurant operation.

Property Size1,570 SF
Price / SF$60.51
Days on Market16

Property Features for 131 Washington Street

General Information

Standard status Active
Size 1,570 SF
Property subtype Retail
Zoning Commercial

Financials

Asking Price $95,000
Business Included Yes

Building Details

Year Built 1965
Buildings 1
Listing Agency: Lohmiller Real Estate
Listed By: Brad Wells · License #RB14042956
Source: Crexi
Added: Aug 14 Changed: Aug 25 Last Checked: Aug 26 at 7:47AM

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 Lohmiller Real Estate

Investment Insights

Based on property information with market context.

This restaurant property at 131 Washington Street in Laurel, Indiana, includes 1,570 SF of operating food-service space. The building dates to 1965 and is zoned Commercial. The business has operated as a family establishment for 35-plus years, offering thin-crust pizza and Mexican specialties from the location.

Situated outside Brookville, the property serves local customers as well as pass-through travelers heading toward Brookville. The operation combines an established restaurant identity with a recognizable menu and an existing customer base. The offering is suited to continuation of the current concept or a new food-service direction using the existing restaurant setting.

Key Highlights

  • 1,570 SF restaurant property at 131 Washington Street
  • Commercial zoning
  • Building constructed in 1965

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Daycare Center Food Market Wine and Liquor Store 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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

44
Businesses Nearby
Well-served
Demand for This Use

Demographics for 47024, IN

2,880
Population
1,171
Households
2.5
Avg Household Size
41
Median Age
6%
College-Educated
79%
High-School Grad
65.6 sq mi
ZIP Area
44
Density / Sq Mi
$55,956
Median Household Income
$29,317
Median Earnings
$980
Median Rent
$114,300
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - A functioning food-service property with commercial zoning and an established local restaurant operation.
Where is this conventional restaurant located?
The property is located at 131 Washington Street Laurel, IN.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 1,570 SF restaurant property at 131 Washington Street; Commercial zoning; Building constructed in 1965
(812) 584-6880 Call to check price and availability
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