Building Details

Year Built 1966

Listing Agency: Modern Real Estate r***@modernrealestate.house Show Phone

Listed By: Rachel Henry

Source: Spencerchildersgroup

Added: Jul 14 Changed: Aug 29 Last Checked: Aug 25 at 5:30AM

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Investment Insights

Based on property information with market context.

This restaurant property at 315 S Chicago Street includes a prep and ordering area, commercial kitchen, storage room, dining space, and two restrooms. The dining area is furnished with tables, chairs, and booths for seating 45, with additional outdoor seating for 16. Indoor and outdoor signage, menu boards, and a 22-space parking lot are also included.

Almost all equipment has been replaced new in the last 3 years. The sale includes the restaurant’s recipes and equipment, along with the existing furnishings and operational areas. The property is located next to Pioneer High School in Royal Center, Indiana.

Key Highlights

• Restaurant next to Pioneer High School in Royal Center, IN
• Dining area accommodates seating for 45
• Outside seating for 16

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Auto Parts Store Storage Facility Grocery & Convenience Store Butcher

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

70

Businesses Nearby

11k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Marathon Shops & Services

7,543 visits/mo 0.3 miles

Family Dollar Shops & Services

3,545 visits/mo 0.3 miles

Demographics for 46978, IN

2,018

Population

1,025

Households

2

Avg Household Size

40

Median Age

17%

College-Educated

93%

High-School Grad

68.1 sq mi

ZIP Area

30

Density / Sq Mi

$66,250

Median Household Income

$37,531

Median Earnings

$817

Median Rent

$120,900

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

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant property with kitchen, dining area, parking, and indoor and outdoor seating.

Where is this conventional restaurant located?

The property is located at 315 S Chicago St Royal Center, IN.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: Restaurant next to Pioneer High School in Royal Center, IN; Dining area accommodates seating for 45; Outside seating for 16