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Conventional Restaurant with Outdoor Dining
For Sale
Contact for pricing

2434 N US Hwy 231, Greencastle, IN 46135

Established restaurant business and real estate offered together, with updated building systems and kitchen equipment.

Property SizeContact for details
Days on Market132

Property Features for 2434 N US Hwy 231

General Information

Standard status Active
Property subtype Retail, Business for Sale
Listing Agency: C21 Commercial
Listed By: Craig Dohman · License #IN
Source: Crexi
Added: Apr 23 Changed: Aug 31 Last Checked: Aug 30 at 2:18AM

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 C21 Commercial

Investment Insights

Based on property information with market context.

This established conventional restaurant is offered with both the operating business and the underlying property. The dining room features high ceilings, wood tables, and three fireplaces, creating a casual setting for family-style service. An exterior dining area adds seating above the surrounding landscape and includes panoramic views.

Recent property and equipment updates include the roof, furnace, air conditioning system, two water heaters, kitchen stove, steam table, and fryer. The combination of an existing restaurant operation, maintained improvements, and dedicated dining infrastructure supports continued food-service use.

Key Highlights

  • Business and real estate included together in the sale
  • Outdoor dining area with panoramic views
  • Dining room includes high ceilings, wood tables, and three fireplaces

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Locksmith Gym & Fitness 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

10
Businesses Nearby
Well-served
Demand for This Use

Demographics for 46135, IN

19,869
Population
7,148
Households
2.8
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
167.1 sq mi
ZIP Area
119
Density / Sq Mi
$70,847
Median Household Income
$33,314
Median Earnings
$902
Median Rent
$200,900
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established restaurant business and real estate offered together, with updated building systems and kitchen equipment.
Where is this conventional restaurant located?
The property is located at 2434 N US Hwy 231 Greencastle, IN.
What are key features of this property?
This property features: Business and real estate included together in the sale; Outdoor dining area with panoramic views; Dining room includes high ceilings, wood tables, and three fireplaces
(812) 606-0136 Call to check price and availability
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