Building Details

Year Built 1920

Listing Agency: Bentley Real Estate c***@gmail.com Show Phone

Listed By: Carolyn Starkey · License #RB17000499 Show Phone

Source: Compass

Added: Jan 26, 2025 Changed: Aug 29 Last Checked: Aug 29 at 4:40PM

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Investment Insights

Based on property information with market context.

This 6,600-square-foot restaurant occupies a building constructed in 1920 at 24 East State Street in Kingman, Indiana. Recent improvements include renovated bathroom, dining room, and kitchen areas, along with select window replacements, new HVAC, new plumbing, tuck-pointing, and new electrical work. The operating kitchen includes a fire suppression system, salad bar, gas fryer, coolers, freezers, ice machine, soda machine, and other restaurant equipment. Tables, chairs, and dining furnishings are included, and the property is Health Department certified.

The second floor provides additional open space with uses identified for living quarters, expanded dining, banquet functions, retail, or storage. The property is zoned non residential and has public utilities.

Key Highlights

• 6,600 SF restaurant building at 24 East State Street, Kingman, IN 47952
• Constructed in 1920 with recent renovations to the bathroom, dining room, and kitchen
• Operating kitchen includes fire suppression, gas fryer, coolers, freezers, ice machine, and soda machine

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Auto Repair Shop Furniture & Home Goods Hair Salon Nail Salon Grocery & Convenience Store

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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

56

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 47952, IN

2,628

Population

1,342

Households

2

Avg Household Size

46

Median Age

8%

College-Educated

88%

High-School Grad

110.8 sq mi

ZIP Area

24

Density / Sq Mi

$54,250

Median Household Income

$38,571

Median Earnings

$758

Median Rent

$105,500

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

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Remodeled restaurant with operating kitchen equipment, dining furnishings, and flexible second-floor space.

Where is this conventional restaurant located?

The property is located at 24 East State Street Kingman, IN.

What is the asking price?

The asking price for this property is $174,900.

What are key features of this property?

This property features: 6,600 SF restaurant building at 24 East State Street, Kingman, IN 47952; Constructed in 1920 with recent renovations to the bathroom, dining room, and kitchen; Operating kitchen includes fire suppression, gas fryer, coolers, freezers, ice machine, and soda machine