Restaurant with Equipped
For Sale
$500,000
205 N Armstrong Street, Crothersville, IN 47229
Transferable operating licenses and three additional parcels accompany the food-service property.
Property Size3,812 SF
Price / SF$131.16
Days on Market58
Property Features for 205 N Armstrong Street
General Information
Standard status
Active
Size
3,812 SF
Property subtype
Commercial
Zoning
General Business
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
3,812 SF
Year Built
1947
Year Renovated
2017
Listing Agency:
Batts Real Estate Group
Listed By:
Lisa Batts
(765) 894-0575
Source:
Battsrealestategroup
Added: Aug 28
Changed: Oct 22
Last Checked: Oct 22 at 2:26PM
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 Batts Real Estate Group
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Investment Insights
Based on property information with market context.
The restaurant building contains 3,812 square feet and dates to 1947. Much of the establishment was renovated in 2017, and the commercial kitchen includes fryers, refrigerators, freezers, and a pizza oven; the equipment is from 2018 or newer. Transferable licenses include liquor, carry-out, gaming, and catering. The property is zoned General Business.
Three additional parcels are included. The property fronts Highway 31 in Crothersville, with access to I-65 and proximity to Crothersville Community Schools and area industrial and employment locations.
Three additional parcels are included. The property fronts Highway 31 in Crothersville, with access to I-65 and proximity to Crothersville Community Schools and area industrial and employment locations.
Key Highlights
- 3,812‑square‑foot restaurant building, built in 1947
- Commercial kitchen equipment from 2018 or newer, including fryers, refrigerators, freezers, and a pizza oven
- Transferable liquor, carry‑out, gaming, and catering licenses
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
16k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Marathon
Shops & Services
8,973 visits/mo
0.4 miles
Dollar General
Shops & Services
5,349 visits/mo
0.2 miles
SUBWAY
Dining
2,098 visits/mo
0.1 miles
Demographics for 47229, IN
3,186
Population
1,205
Households
2.6
Avg Household Size
40
Median Age
10%
College-Educated
92%
High-School Grad
48.8 sq mi
ZIP Area
65
Density / Sq Mi
$62,917
Median Household Income
$46,705
Median Earnings
$965
Median Rent
$151,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Transferable operating licenses and three additional parcels accompany the food-service property.
Where is this conventional restaurant located?
The property is located at 205 N Armstrong Street Crothersville, IN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,812‑square‑foot restaurant building, built in 1947; Commercial kitchen equipment from 2018 or newer, including fryers, refrigerators, freezers, and a pizza oven; Transferable liquor, carry‑out, gaming, and catering licenses
