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Renovated Restaurant with Lounge
For Sale
$275,000

202 S Broadway, Peru, IN 46970

Established restaurant and lounge with dining, event, office, and customer-service areas across two levels.

Property SizeContact for details
Days on Market41

Property Features for 202 S Broadway

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $3,687
Listing Agency: 3 D Realty
Listed By: Chris Dodd
Source: Exprealty
Added: Jul 21 Changed: Aug 29 Last Checked: Aug 29 at 5:05PM

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 3 D Realty

Investment Insights

Based on property information with market context.

This restaurant and lounge property includes the building, operating business, furnishings, fixtures, equipment, and inventory. Originally constructed in 1900 and renovated, the approximately 4175 square foot building offers a handcrafted walnut and maple bar, multiple private dining rooms, an office, and an upper-level dining area with dedicated service stations. Updated plumbing, separate HVAC systems for each floor, laundry facilities, and restrooms on both levels support the existing configuration.

An overhead garage-style door can open the dining area toward the exterior. Approximately 15 parking spaces are available through the rear lot and nearby street parking. The property is located at 202 S Broadway in Peru, IN, near the Wabash River.

Key Highlights

  • Approximately 4175 square foot restaurant and lounge building
  • Established business offered with furnishings, fixtures, equipment, and inventory
  • Originally built in 1900 and renovated

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Auto Parts Store Kitchen & Bath Showroom Garden Center

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

654
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 48% Dining 34% Groceries 10% Home Improvements & Furnishings 7%
Burger King Dining
10,572 visits/mo 0.4 miles
BP Shops & Services
9,832 visits/mo 0.5 miles
Dollar General Shops & Services
7,659 visits/mo 0.5 miles
Hardee's Dining
6,037 visits/mo 0.1 miles
Save-A-Lot Groceries
5,829 visits/mo 0.3 miles

Demographics for 46970, IN

23,317
Population
10,177
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
88%
High-School Grad
179.9 sq mi
ZIP Area
130
Density / Sq Mi
$56,722
Median Household Income
$34,895
Median Earnings
$822
Median Rent
$111,200
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 - Established restaurant and lounge with dining, event, office, and customer-service areas across two levels.
Where is this conventional restaurant located?
The property is located at 202 S Broadway Peru, IN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Approximately 4175 square foot restaurant and lounge building; Established business offered with furnishings, fixtures, equipment, and inventory; Originally built in 1900 and renovated
More about this property
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