For sale
Conventional restaurants
IN
Spiceland
47385
5879 South State Road 3

Near-Complete Restaurant Development Site

5879 South State Road 3, Spiceland, IN 47385

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For Sale

$750,000

A 1.93-acre mixed-use lot with a 90% complete restaurant building, positioned about a half-mile from I-70 Exit 123.

Type:Commercial Sale / Mixed Use

Property size:

1,976 SF

Lot size:

1.93 Acres

Price / SF:

$379/SF

HighLights

1.93‑acre commercial mixed‑use lot with a near‑complete restaurant building in Spiceland, IN
Building is 90% complete, originally designed and built for a restaurant
Less than 0.5 miles from I‑70 at Exit 123, offering convenient interstate access
Utilities hookups already on‑site, including city water, electricity, and sewer
Mixed‑use zoning supports conversion or use beyond food service, including retail, convenience, medical, or office

We can help!

Listing Contact

Kamalgurinder Jawandha

Learn more

For Sale

$750,000

A 1.93-acre mixed-use lot with a 90% complete restaurant building, positioned about a half-mile from I-70 Exit 123.

Type:Commercial Sale / Mixed Use

Property size:

1,976 SF

Lot size:

1.93 Acres

Price / SF:

$379/SF

Added:: Jun 2, 2026
Days on Market:: 8
Last Refresh:: Jun 6 at 4:59 am

Property Features for 5879 South State Road 3

General Information

Standard status: Active
Size: 1,976 SF
Lot size: 1.93 Acres
Property subtype: Commercial Sale / Mixed Use

We can help!

Listing Contact

Kamalgurinder Jawandha

Listing agent Kamalgurinder Jawandha License #RB22000207

Listing office WELCOME HOME INDIANA LLC

Listing date Jun 2, 2026

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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 WELCOME HOME INDIANA LLC

HighLights

1.93‑acre commercial mixed‑use lot with a near‑complete restaurant building in Spiceland, IN
Building is 90% complete, originally designed and built for a restaurant
Less than 0.5 miles from I‑70 at Exit 123, offering convenient interstate access
Utilities hookups already on‑site, including city water, electricity, and sewer
Mixed‑use zoning supports conversion or use beyond food service, including retail, convenience, medical, or office

Overview

This offering includes a 1.93-acre commercial mixed-use lot with a restaurant building that is approximately 90% complete. The structure was originally designed and built for a restaurant concept, and it is being offered at a stage intended to reduce construction timing and major start-up delays. Essential utilities are already on-site, including city water, electricity, and sewer hookups, giving the next owner the ability to complete the buildout to their specifications.

The property is located about 0.5 miles from Interstate 70 at Exit 123. It also benefits from high-traffic commercial adjacency described by the owner, including nearby operations referenced as Flying J and Mr. Fuel along this corridor that serves interstate travelers and truck-related traffic.

For operators, this configuration can be a practical fit for a food service tenant looking to complete a near-finished restaurant facility with required utilities already in place. For buyers and developers, the mixed-use zoning noted in the remarks supports consideration of other related commercial uses, including retail, convenience, medical, or office spaces, subject to applicable approvals. If you’re looking for a commercial site with a restaurant-first buildout and ready-to-complete infrastructure, this is designed to be a straightforward starting point.

Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Spiceland
County: Henry
State: Indiana
Longitude: -85.420593
Latitude: 39.848711

For sale
Conventional restaurants
IN
Spiceland
47385
5879 South State Road 3

What type of property is this?

Conventional restaurant - A 1.93-acre mixed-use lot with a 90% complete restaurant building, positioned about a half-mile from I-70 Exit 123.

Where is this conventional restaurant located?

The property is located at 5879 South State Road 3 Spiceland, IN.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 1.93‑acre commercial mixed‑use lot with a near‑complete restaurant building in Spiceland, IN; Building is 90% complete, originally designed and built for a restaurant; Less than 0.5 miles from I‑70 at Exit 123, offering convenient interstate access