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Restaurant Property With Basement
New
For Sale
$179,900

2120 E main Street, Petersburg, IN 47567

COMMERCIAL, Petersburg, IN

Property SizeContact for details
Lot Size0.65 Acres
Days on Market2

Property Features for 2120 E main Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Parking features Off Street
Lot features City
Directions From the courthouse, head north on 57, property located on the left.
Subdivision Pike County
Standard status Active
APN 63-02-23-403-019.000-012
Lot size 0.65 Acres

Taxes and HOA fees

Tax Description 012-01056-00 PT SE SE 23 1N 8 .65A
Tax Annual Amount 2857
Legal Description 012-01056-00 PT SE SE 23 1N 8 .65A

Utilities

Cooling system Central Air, Heat Pump, Multi Units

Building Details

Year built 1956
Flooring type Concrete, Mixed, Wood, Laminate
Roof type Metal
Listing Agency: BOYD REALTY & DEVELOPMENT LLC
Listed By: Adam Boyd · License #RB20001434
Added: Sep 25 Changed: Sep 26 Last Checked: Sep 26 at 5:06PM
MLS# 202640021

Copyright © 2026 Southwest Indiana Association 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.

Investment Insights

Based on property information with market context.

Configured for restaurant use, the property includes restaurant equipment and a full basement. Wood flooring is present in the dining area. The kitchen has a gas furnace and air-conditioning unit, while a mini-split heat pump serves the main dining area for heating and cooling.

The 0.65-acre property was built in 1956 and has off-street parking. The metal roof was installed in 2021, front windows were replaced in 2020, and the kitchen bar area received new flooring and subfloor in 2026. The sale includes the real estate and equipment; the operating business, name, inventory, recipes, financial information, and goodwill are excluded.

Key Highlights

  • Restaurant equipment included with the real estate
  • Full basement for storage
  • 0.65‑acre property with off‑street parking

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Hair Salon Dental Office Spa & Massage Center Auto Parts Store

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

43
Businesses Nearby
Balanced
Demand for This Use

Demographics for 47567, IN

5,804
Population
2,750
Households
2.1
Avg Household Size
43
Median Age
17%
College-Educated
89%
High-School Grad
115.5 sq mi
ZIP Area
50
Density / Sq Mi
$64,890
Median Household Income
$45,378
Median Earnings
$643
Median Rent
$130,700
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 - Restaurant equipment is included, along with separate heating and cooling systems for the kitchen and dining area.
Where is this conventional restaurant located?
The property is located at 2120 E main Street Petersburg, IN.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Restaurant equipment included with the real estate; Full basement for storage; 0.65‑acre property with off‑street parking
More about this property
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