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Turnkey Restaurant with Upstairs Apartment
For Sale
$200,000

407 Third St Howe, Howe, IN 46746

Turnkey restaurant sale includes business equipment and underlying real estate, plus an upstairs apartment currently rented.

Property Size2,936 SF
Price / SF$68.12
Days on Market59

Property Features for 407 Third St Howe

General Information

Standard status Active
Size 2,936 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $694

Amenities

Wood
Concrete,Laminate
Yes
Volunteer
8 ft
No
Partial Basement
Vinyl
State
Street parking
9932
Asphalt
57x175
Building
0.228

Building Details

Year Built 1900
Stories 1
Listing Agency: Lewis & Lambright Inc
Listed By: John Wainwright
Source: Kramerrealestategroup
Added: Jul 12 Changed: Sep 2 Last Checked: Sep 7 at 4:50AM

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 turnkey restaurant offering includes the business equipment along with the underlying real estate, presenting a ready-to-operate setup for a new owner. The property also features an additional upstairs apartment that is currently rented.

Located at 407 Third St in Howe, Indiana, the restaurant is described as being in a high-visibility area with strong traffic and a consistent, year-round following. The combination of food service space and a rental apartment can support multiple income streams under one ownership structure.

The property is offered for sale as a complete package, with both the restaurant operations equipment and the real estate included in the transaction.

Key Highlights

  • Turnkey restaurant sale includes business equipment and the underlying real estate
  • Upstairs apartment is currently rented
  • Lot size of 0.228 acres (about 9,932 SF) with 57x175 lot dimensions

Property Analytics

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

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 - Turnkey restaurant sale includes business equipment and underlying real estate, plus an upstairs apartment currently rented.
Where is this conventional restaurant located?
The property is located at 407 Third St Howe Howe, IN.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Turnkey restaurant sale includes business equipment and the underlying real estate; Upstairs apartment is currently rented; Lot size of 0.228 acres (about 9,932 SF) with 57x175 lot dimensions
More about this property
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