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Single-Story Conventional Restaurant
For Sale
$129,000

154 S Michigan St, Argos, IN 46501

Includes seating for 30, ADA-compliant restrooms, refrigeration, and a full basement.

Property Size2,250 SF
Price / SF$57.33
Days on Market23

Property Features for 154 S Michigan St

General Information

Standard status Active
Size 2,250 SF

Additional Details

Seating Capacity 30

Building Details

Year Built 1947
Buildings 1
Stories 1
Listing Agency: RE/MAX Results
Listed By: Anna Gilsinger · License #RB15001631
Source: Kmsrealestategroup
Added: Aug 7 Changed: Aug 29 Last Checked: Aug 25 at 4:58AM

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 RE/MAX Results

Investment Insights

Based on property information with market context.

This single-story restaurant property at 154 S Michigan St includes a dining area arranged for 30 guests, two ADA-compliant bathrooms, and a walk-in refrigerator. The building also features a full, unfinished basement that provides additional interior space. Constructed in 1947, it was historically operated as a pizza restaurant and may accommodate another business concept.

The property is located downtown in Argos, Indiana, at 154 S Michigan St. Its existing dining, restroom, refrigeration, and basement components provide an established physical framework for restaurant operations or other commercial use supported by the building.

Key Highlights

  • Dining area sized for 30 people
  • Two ADA‑compliant bathrooms
  • Walk‑in refrigerator included

Property Analytics

Current Use

Bourbon Street Pizza ... Restaurant

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Building Supply Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

122
Businesses Nearby
Balanced
Demand for This Use

Demographics for 46501, IN

3,891
Population
1,595
Households
2.4
Avg Household Size
38
Median Age
11%
College-Educated
84%
High-School Grad
71.0 sq mi
ZIP Area
55
Density / Sq Mi
$62,721
Median Household Income
$39,514
Median Earnings
$947
Median Rent
$146,200
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 - Includes seating for 30, ADA-compliant restrooms, refrigeration, and a full basement.
Where is this conventional restaurant located?
The property is located at 154 S Michigan St Argos, IN.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Dining area sized for 30 people; Two ADA‑compliant bathrooms; Walk‑in refrigerator included
More about this property
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