Established Bar and Restaurant
1500 N E St Richmond, IN 47374
1500 N E St, Richmond, IN, 47374
Contact for pricing
For Sale
Contact for pricing
Turnkey bar and restaurant with liquor license and outdoor patio.
Property Size5,857 SF
Price / SF$163.91
Days on Market605
Property Features for 1500 N E St
General Information
- Standard status
- Active
- Size
- 5,857 SF
- Property subtype
- Business for Sale, Mixed Use, Retail
Building Details
- Year Built
- 1910
Listing Agency
Tarter Realty Auction and Appraisal Company
(765) 994-8533
Listed by
Paul Faddis · License #IN RB15000347
Source
Crexi
Added: Nov 19, 2024 Checked: Jul 15 at 8:26 pm
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 Tarter Realty Auction and Appraisal Company
Investment Insights
Based on property information with market context.
This established bar and restaurant offers a spacious indoor dining area and an outdoor patio. Volleyball courts are present. The business is equipped for serving pizza, steaks, and classic bar fare. A three-way (210) liquor license is included, allowing for both on-site and carry-out sales. The property size is 5857 square feet.
Key Highlights
- Turnkey bar and restaurant opportunity.
- Includes a three‑way (210) liquor license for on‑site and carry‑out sales.
- Fully equipped for serving pizza, steaks, and classic bar fare.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.3k | $12.00 |
| − Vacancy | −$7.3k | −$1.25 |
| EGI | $63.0k | $10.75 |
| − OpEx | −$15.7k | −$2.69 |
| NOI | $47.2k | $8.06 |
5,857 SF · lease $12.00/SF/yr · vacancy 10.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$674.7K
$590.4K – $787.2K
NOI $47,231 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$734.2K
$642.4K – $856.6K
NOI $51,395 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Generations Sports Bar
Bar & Pub
Generations Grill and Sports ...
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- The Down Under — 200 S 9th St, Richmond, IN 47374
- InCONCERT — 923 N E St, Richmond, IN 47374
- Smiley's Pub — 39 N 8th St, Richmond, IN 47374
- E Street Pub — 815 N E St, Richmond, IN 47374
- U & I — 233 S 8th St, Richmond, IN 47374
FAQs
What type of property is this?
Bar & Pub - Turnkey bar and restaurant with liquor license and outdoor patio.
Where is this bar & pub located?
The property is located at 1500 N E St Richmond, IN.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Turnkey bar and restaurant opportunity.; Includes a three‑way (210) liquor license for on‑site and carry‑out sales.; Fully equipped for serving pizza, steaks, and classic bar fare.
