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Remodeled Restaurant With Outdoor Dining
For Sale
$195,000

8782 Us 421, Madison, IN 47250

Restaurant property with commercial kitchen equipment, bar infrastructure, office space, and substantial paved outdoor areas.

Property SizeContact for details
Days on Market456

Property Features for 8782 Us 421

General Information

Standard status Active
Property subtype General Commercial

Amenities

Central Air
3
Parking.
Garage, Asphalt, Concrete Driveway, Gravel, Lot, Open Parking.
Asphalt.

Building Details

Year Built 1919
Listing Agency:
Listed By: Meisberger And Associates
Source: Xome
Added: Jun 1, 2025 Changed: Aug 30 Last Checked: Aug 30 at 7:38PM

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 Meisberger And Associates

Investment Insights

Based on property information with market context.

This conventional restaurant property includes 1,754 square feet plus an attached office, a covered dining deck, and a large concrete patio. The interior includes a commercial hood, deep fryers, a 30-inch griddle, a 24-inch char-broiler, a three-bay sink, stainless True freezer and refrigerator units, and a bar with full hookups. A large safe is also included. The building was remodeled in 2012 and has been closed for several years.

The property at 8782 US 421 in Madison, Indiana, includes a 30' x 30' block garage, more than 5,000 square feet of concrete around the buildings, and extensive parking across asphalt, concrete, gravel, and open areas. Building systems include a hybrid propane furnace and heat pump, built-in 24,000 BTU A/C, chamber-style septic, public water, and available internet service.

Key Highlights

  • 1,754 sq ft plus attached office, covered dining deck, and large concrete patio
  • Commercial kitchen includes hood system, deep fryers, 30'' griddle, 24'' char‑broiler, and 3‑bay sink
  • Bar area has full hookups; stainless True freezer and refrigerator units remain

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Department Store

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

2
Businesses Nearby
Well-served
Demand for This Use

Demographics for 47250, IN

22,596
Population
10,534
Households
2.1
Avg Household Size
42
Median Age
19%
College-Educated
89%
High-School Grad
211.4 sq mi
ZIP Area
107
Density / Sq Mi
$56,667
Median Household Income
$36,950
Median Earnings
$857
Median Rent
$179,900
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 - Restaurant property with commercial kitchen equipment, bar infrastructure, office space, and substantial paved outdoor areas.
Where is this conventional restaurant located?
The property is located at 8782 Us 421 Madison, IN.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,754 sq ft plus attached office, covered dining deck, and large concrete patio; Commercial kitchen includes hood system, deep fryers, 30'' griddle, 24'' char‑broiler, and 3‑bay sink; Bar area has full hookups; stainless True freezer and refrigerator units remain
More about this property
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