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Restaurant with Renovated Apartment
For Sale
$525,000

201 W Main Street, Syracuse, IN 46567

Commercial Sale, Syracuse, IN

Property SizeContact for details
Lot Size0.06 Acres
Days on Market203

Property Features for 201 W Main Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning COMME
Elementary school district Wawasee Community School Corp
Middle school district Wawasee Community School Corp
High school district Wawasee Community School Corp
Directions GPS Friendly
Subdivision 4304 - Kosciusko - Turkey Creek
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
Tax Annual Amount 4190
Legal 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 Agency: RE/MAX Advanced Realty · RE/MAX International
Listed By: Michael Nauman · License #RB22002327
Added: Feb 21 Changed: Sep 8 Last Checked: Sep 12 at 10:06PM
MLS# 22085329

Copyright © 2026 Broker Listing Cooperative®. 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 conventional restaurant combines a 1,400-square-foot dining operation with an additional 1,400-square-foot unfinished basement suited to storage. The layout includes an open kitchen and full-service bar, while included furniture, fixtures, equipment, and digital assets support continued restaurant operations. Forced-air heating and central air conditioning are installed, with cable available.

A fully renovated 1,000-square-foot apartment occupies the level above. The residence has one bedroom, one bathroom, an open-concept layout, a washer and dryer, and abundant natural light. The property sits on West Main Street in downtown Syracuse, within the Lake Wawasee and Syracuse Lake community. A public parking lot is located behind the restaurant, and the property is zoned COMME.

Key Highlights

  • 1,400 SF restaurant with open kitchen and full‑service bar
  • Additional 1,400 SF unfinished basement for storage
  • Fully renovated 1,000 SF apartment above the restaurant

Property Analytics

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Current Use

Westmain Kitchen Restaurant

Suggested Use

Top Pick HVAC Service Electrical Service Big Box & Wholesale Store Plumbing Service Garden Center 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.

Lease Details

1
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

241
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Sunoco Shops & Services
2,976 visits/mo 0.3 miles

Demographics for 46567, IN

9,773
Population
5,849
Households
1.7
Avg Household Size
44
Median Age
25%
College-Educated
90%
High-School Grad
57.3 sq mi
ZIP Area
171
Density / Sq Mi
$73,277
Median Household Income
$46,327
Median Earnings
$964
Median Rent
$228,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Open-concept restaurant with a full-service bar and renovated apartment above.
Where is this conventional restaurant located?
The property is located at 201 W Main Street Syracuse, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,400 SF restaurant with open kitchen and full‑service bar; Additional 1,400 SF unfinished basement for storage; Fully renovated 1,000 SF apartment above the restaurant
More about this property
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