Remodeled Drive-Through
For Sale
$149,900
606 N Jefferson St, Silver Lake, IN 46982
Established root beer stand with updated equipment, inventory, real estate, and business entity included in the sale.
Property Size924 SF
Price / SF$162.23
Days on Market65
Property Features for 606 N Jefferson St
General Information
Standard status
Active
Size
924 SF
Additional Details
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
1956
Listing Agency:
Homes Land & Lakes Realty
Listed By:
Orville Haney · License #RB18000113
(574) 505-0681
Source:
Theferrellgroupkw
Added: Aug 11
Changed: Oct 5
Last Checked: Oct 7 at 1:17PM
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 Homes Land & Lakes Realty
Investment Insights
Based on property information with market context.
The Silver Lake B&K drive-in is a drive-through restaurant and root beer stand originally built in 1956. The property has undergone remodeling and includes newer working components and equipment. The offering includes the real estate, equipment, inventory, and LLC, creating a combined business and property sale. The restaurant is currently winterized and is described as capable of year-round operation at the buyer’s discretion.
Located at 606 N Jefferson St in Silver Lake, Indiana, the property serves as an operating food-service facility with an established history in the community. The business and its associated improvements are offered together, with equipment in place for a future reopening.
Located at 606 N Jefferson St in Silver Lake, Indiana, the property serves as an operating food-service facility with an established history in the community. The business and its associated improvements are offered together, with equipment in place for a future reopening.
Key Highlights
- Drive‑through restaurant and root beer stand at 606 N Jefferson St, Silver Lake, IN 46982
- Originally built in 1956
- Remodeled property with newer working components and equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,958
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,160
$199.2K
Cap Rate 7%
$142,257
$142.3K
Cap Rate 9%
$110,644
$110.6K
Market Conditions
NOI Build-Up for 924 SF
Gross rent
$13.9K $15.00/SF
− Vacancy
−$582 −$0.63/SF
EGI
$13.3K $14.37/SF
− OpEx
−$3.3K −$3.59/SF
NOI
$10.0K $10.78/SF
Area
Kosciusko County, IN
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,160
Cap Rate 7%
$142,257
Cap Rate 9%
$110,644
Alternative Uses
Best Use
Specialty Retail
$142.3K
$124.5K – $166.0K
NOI $9,958 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$161.0K
$140.9K – $187.8K
NOI $11,268 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
2,426 visits/mo
0.4 miles
Demographics for 46982, IN
2,602
Population
1,445
Households
1.8
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
44.5 sq mi
ZIP Area
58
Density / Sq Mi
$75,709
Median Household Income
$50,668
Median Earnings
$1,006
Median Rent
$175,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Established root beer stand with updated equipment, inventory, real estate, and business entity included in the sale.
Where is this drive through restaurant located?
The property is located at 606 N Jefferson St Silver Lake, IN.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Drive‑through restaurant and root beer stand at 606 N Jefferson St, Silver Lake, IN 46982; Originally built in 1956; Remodeled property with newer working components and equipment
