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Highway-Frontage Conventional Restaurant
For Lease
$199,900

6595 State Highway 7, Scipio, IN 47273

Established pizzeria with included equipment and additional interior space for restaurant or retail use.

Space SizeContact for details
Days on Market48

Property Features for 6595 State Highway 7

General Information

Standard status Active
Property subtype Commercial
Zoning Commercial

Building Details

Year Built 1911
Listing Agency: Bif Ward Real Estate Group
Listed By: Bif Ward
Source: Bifward
Added: Jul 15 Changed: Aug 31 Last Checked: Aug 31 at 12:42PM

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 Bif Ward Real Estate Group

Investment Insights

Based on property information with market context.

This conventional restaurant occupies a large commercial building with highway frontage and an established pizzeria operation. The property includes pizzeria equipment, while the building dates to 1911. An additional portion of the building is currently open and can accommodate expanded seating, a general store, farm store, deli, or other commercial use supported by the space.

The existing restaurant has served the surrounding community for decades. The owner is willing to remain involved for training, providing operational guidance to a new owner and staff. The property also offers room to consider features such as delivery, online ordering, a drive-through window, or additional food offerings, subject to applicable approvals and site conditions.

Key Highlights

  • Large commercial restaurant building with highway frontage
  • Established pizzeria operating from the property for decades
  • Pizzeria equipment included

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Repair Shop Auto Parts Store Hair Salon Nail Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

24
Businesses Nearby
Well-served
Demand for This Use

Demographics for 47273, IN

1,917
Population
786
Households
2.4
Avg Household Size
42
Median Age
17%
College-Educated
91%
High-School Grad
31.7 sq mi
ZIP Area
60
Density / Sq Mi
$79,015
Median Household Income
$46,202
Median Earnings
$1,057
Median Rent
$173,800
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established pizzeria with included equipment and additional interior space for restaurant or retail use.
Where is this conventional restaurant located?
The property is located at 6595 State Highway 7 Scipio, IN.
What is the lease rate?
The lease rate is $199,900.
What are key features of this property?
This property features: Large commercial restaurant building with highway frontage; Established pizzeria operating from the property for decades; Pizzeria equipment included
More about this property
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