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    Dual-Use Restaurant and Garage Property Title is generated by Realmo AI

    16947 Manchester Street, Moores Hill, IN 47032

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    For Sale
    $375,000

    COMMERCIAL - Moores Hill, IN

    Property size:
    4,600 SF
    Lot size:
    1.15 Acres
    Price / SF:
    $81/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 16947 Manchester Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    15-09-10-201-006.000-022
    Lot size
    1.15 Acres

    Building Details

    Year built
    1976

    We can help!

    Listing Contact
    Jay Knowles

    Listing agent Jay Knowles

    Listing office Keller Williams Realty Services 118 Walnut Street, Florence, IN

    Listing date Jun 3, 2026

    MLS# 207545

    Copyright © 2026 Southeastern Indiana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.15‑acre dual‑purpose commercial property at a high‑traffic intersection on SR 350
    • 2026 traffic count of 4,400 vehicles daily along SR 350 in front of the property
    • Restaurant space on the right side offers 2,600 sq. ft.
    • Commercial garage/workshop on the left side offers 2,000 sq. ft. with 16‑ft ceilings, office, restroom, and loft storage
    • Workshop includes a car lift, gas space heater, and bay doors: two 14‑ft and one 10‑ft
    • All city utilities and extensive on‑site parking available

    Overview

    This dual-purpose commercial property totals 1.15 acres and is set up to support two operating areas on the same site. One side provides a restaurant space of 2,600 sq. ft. The other side is a 2,000 sq. ft. commercial garage/workshop with soaring 16-ft ceilings, dedicated office space, a restroom, and convenient loft storage. The shop includes a car lift, a gas space heater, and three bay doors comprised of two 14-ft doors and one 10-ft door.

    Located at 16947 Manchester Street in Moores Hill, Indiana, the property is positioned for strong visibility at a high-traffic intersection. Public remarks indicate all city utilities are available, and the site includes extensive on-site parking. The listing also references a 2026 traffic count of 4,400 vehicles daily along SR 350 in front of the property.

    For tenants, buyers, or operators, the layout offers a practical way to combine front-of-house dining with back-of-house vehicle or contractor support under one roof. It may also suit users looking for an on-site operational split, with restaurant space on one side and a garage/workshop configuration on the other, each designed with functional building features for its respective use.
    Property Profile Location Intelligence

    Current Use by Public Records

    T T Maintenance ... Construction Company Alejandras Mexican RestauraI'llnt Restaurant

    Suggested Use

    Restaurant Auto Repair Shop Storage Facility (Bike/Boat/Book/etc) Store Wine and Liquor Store Pet Store Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Berry's Body Shop — 14527 IN-350, Moores Hill, IN 47032
    • C&A Auto Repair — 14019 Main St, Moores Hill, IN 47032
    • Tri City Diesel — 14421 IN-350, Moores Hill, IN 47032

    Location Insight

    • Map
    • Local Demand
    City
    Moores Hill
    County
    Dearborn
    State
    Indiana
    Longitude
    -85.087911
    Latitude
    39.118483

    FAQs

    What type of property is this?
    Auto shop - A dual-sided site with restaurant space and a commercial garage/workshop, supported by city utilities and extensive parking.
    Where is this auto shop located?
    The property is located at 16947 Manchester Street Moores Hill, IN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 1.15‑acre dual‑purpose commercial property at a high‑traffic intersection on SR 350; 2026 traffic count of 4,400 vehicles daily along SR 350 in front of the property; Restaurant space on the right side offers 2,600 sq. ft.
    (859) 240-0727
    We can help!
    Listing Contact
    Jay Knowles
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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