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Bar and Restaurant with Patio
For Sale
$960,000

1500 N E Street, Richmond, IN 47374

COMMERCIAL - Richmond, IN

Property SizeContact for details
Lot Size0.62 Acres
Days on Market635

Property Features for 1500 N E Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Lot features On College Campus
Directions S on HWY 27 to Richmond. Left on N H St. Right on N 12t St. Left on N H St. Property is on the Left.
Subdivision Wayne County
Standard status Active
APN 89-16-33-320-115.000-030
Lot size 0.62 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LOTS 1,2,3,4,5 & 6 M A KIELHORN & LOT 611 E S *TIF*
Tax Annual Amount 7212
Legal Description LOTS 1,2,3,4,5 & 6 M A KIELHORN & LOT 611 E S *TIF*

Utilities

Cooling system Central Air

Amenities

volleyball courts

Building Details

Year built 1910
Flooring type Tile, Wood
Roof type Shingle
Listing Agency: Tarter Realty Auction and Appraisal Company
Listed By: Paul Faddis · License #RB15000347
Added: Nov 19, 2024 Changed: Aug 4 Last Checked: Aug 16 at 6:06PM
MLS# 202444662

Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This well-established bar and restaurant is offered with a spacious indoor dining area and an outdoor patio. The property includes volleyball courts and is supported by wood and tile flooring. Central air and a shingle roof are in place, with additional space including a basement. Built in 1910, the building is configured for food and bar service.

The sale includes a three-way (210) liquor license that allows for both on-site and carry-out sales. The property is located at 1500 N E Street in Richmond, Indiana (Wayne County).

For buyers looking for a bar-and-restaurant operation with outdoor guest space and included liquor licensing, the included equipment and service setup for pizza, steaks, and classic bar fare are designed to support day-to-day operations.

Key Highlights

  • Outdoor patio plus volleyball courts
  • Three‑way (210) liquor license allowing on‑site and carry‑out sales
  • 0.62‑acre property in Richmond, Indiana

Property Analytics

Current Use

Generations Sports Bar Bar & Pub Generations Grill and Sports ... Bar & Pub

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Cafe & Coffee Shop Storage Facility Grocery & Convenience Store Building Supply

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
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

364
Businesses Nearby
74k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 84% Shops & Services 16%
McDonald's Dining
27,579 visits/mo 0.4 miles
Wendy's Dining
14,163 visits/mo 0.3 miles
Lee's Famous Recipe Chicken Dining
8,088 visits/mo 0.4 miles
Marathon Petroleum Shops & Services
6,416 visits/mo 0.4 miles
Penn Station East Coast Subs Dining
6,320 visits/mo 0.4 miles

Demographics for 47374, IN

45,304
Population
21,553
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
88%
High-School Grad
119.8 sq mi
ZIP Area
378
Density / Sq Mi
$52,566
Median Household Income
$34,168
Median Earnings
$816
Median Rent
$121,800
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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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

Frequently Asked Questions

What type of property is this?
Bar & Pub - Well-established bar and restaurant on 0.62 acres with an outdoor patio, central air, and shingle roof.
Where is this bar & pub located?
The property is located at 1500 N E Street 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: Outdoor patio plus volleyball courts; Three‑way (210) liquor license allowing on‑site and carry‑out sales; 0.62‑acre property in Richmond, Indiana
More about this property
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