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Restaurant with Upstairs Apartment
For Sale
$170,000

407 Third St, Howe, IN 46746

Restaurant property with business equipment, an income-producing apartment, and real estate included in the offering.

Property Size2,936 SF
Price / SF$57.90
Days on Market54

Property Features for 407 Third St

General Information

Standard status Active
Size 2,936 SF

Building Details

Year Built 1900
Listing Agency: Lewis & Lambright Inc
Listed By: John Wainwright
Source: Kmsrealestategroup
Added: Aug 5 Changed: Sep 26 Last Checked: Sep 26 at 9:51AM

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 Lewis & Lambright Inc

Investment Insights

Based on property information with market context.

This 2,936-square-foot restaurant property includes the underlying real estate and business equipment. The building dates to 1900 and incorporates an upstairs apartment that is currently rented, adding a residential component to the restaurant operation.

Located at 407 Third St in Howe, Indiana, the property combines a restaurant use with an existing residential income stream. The sale includes both the operating equipment and the real estate, providing a single-asset offering for a restaurant buyer.

Key Highlights

  • 2,936‑square‑foot restaurant property with underlying real estate included
  • Business equipment included in the offering
  • Upstairs apartment is currently rented

Property Analytics

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Current Use

The Gathering Place Restaurant Restaurant

Suggested Use

Top Pick Building Supply HVAC Service Auto Parts Store Storage Facility Big Box & Wholesale 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

79
Businesses Nearby
28k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
BP Shops & Services
10,417 visits/mo 0.3 miles
Phillips 66 Shops & Services
9,229 visits/mo 0.4 miles
Dollar General Shops & Services
8,067 visits/mo 0.4 miles

Demographics for 46746, IN

4,003
Population
1,602
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
83%
High-School Grad
71.7 sq mi
ZIP Area
56
Density / Sq Mi
$78,250
Median Household Income
$37,191
Median Earnings
$832
Median Rent
$157,000
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant property with business equipment, an income-producing apartment, and real estate included in the offering.
Where is this conventional restaurant located?
The property is located at 407 Third St Howe, IN.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 2,936‑square‑foot restaurant property with underlying real estate included; Business equipment included in the offering; Upstairs apartment is currently rented
More about this property
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