201 W Main Street, Syracuse, IN 46567
SINGLE_FAMILY - Syracuse, IN
- Added:
- Feb 21, 2026
- Days on Market:
- 113
- Last Refresh:
- Jun 14 at 8:06 am
Property Features for 201 W Main Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- COMME
- Standard status
- Active
- APN
- 430406200294000026
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 8-24-125 Lot 1 & 3' E Side Lot 2 Waybrights Add
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Listing agent Michael Nauman License #RB22002327 (317) 298-0961
Listing office RE/MAX Advanced Realty W 10th St 8313, Indianapolis, IN (317) 298-0961
Listing date Feb 21, 2026
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Established, turnkey fine dining restaurant with a proven business model and loyal customer base.
- Prime location in a growing area, poised to benefit from a new luxury RV resort and increased affluent clientele.
- Includes all Furniture, Fixtures, and Equipment (FFE) and digital assets.
- Features a speakeasy‑inspired ambiance, open‑concept kitchen, and full‑service bar with signature cocktails.
- Additional income potential from a fully renovated 1 bed/1 bath apartment above the restaurant.
- Includes a 1,400 SF unfinished basement, ideal for storage or a proof kitchen, plus potential for a back deck patio.
Overview
The property is located at 201 W Main Street in Syracuse, IN, within the COMME zoning designation. The listing notes a brand new public parking lot behind the restaurant and potential to add a back deck patio.
In addition to the restaurant, the sale includes a fully renovated 1 bed/1 bath apartment above the restaurant, described as an incoming producing unit available to live in or rent out. The apartment is approximately 1,000 SF and features an open concept, a washer/dryer, and plenty of natural light. All FFE and digital assets are included with the sale. This offering is supported by long-standing operations and the inclusion of restaurant operating components, along with the apartment as an additional income stream option.
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 | $57.0k | $15.00 |
| − Vacancy | −$2.4k | −$0.63 |
| EGI | $54.6k | $14.37 |
| − OpEx | −$13.7k | −$3.59 |
| NOI | $41.0k | $10.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Kosciusko
- State
- Indiana
- Longitude
- -85.753153
- Latitude
- 41.427302
