Listing Agency: Coldwell Banker Commercial Real Estate Group

Listed By: Troy Helman · License #IN

Source: Crexi

Added: Apr 23 Changed: Aug 31 Last Checked: Aug 29 at 10:15PM

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Investment Insights

Based on property information with market context.

This restored former interurban depot and substation offers a distinctive restaurant setting with a brick exterior, exposed brick walls, and a blend of concrete and wood flooring. The interior includes an entry lounge, two separate seating areas, and patio space for additional guest service. Industrial-style lighting and exposed ceiling ducts reinforce the building’s updated character.

A custom kitchen layout has been roughed in with industrial exhaust fans, allowing installation of restaurant equipment. Building improvements include an industrial Trane HVAC system, new roof, upgraded electrical and plumbing, an Industrial HO Smith 160-gallon water heater, and a Culligan commercial water softener. The space accommodates 85 guests and sits less than half a mile from US 41 South in Shelburn, Indiana.

Key Highlights

• Restored interurban depot and substation at 9 W Mill Street
• Restaurant layout includes lounge, 2 seating areas, and patio space
• Guest capacity of 85

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Law Firm Auto Parts Store Plumbing Service Big Box & Wholesale Store Grocery & Convenience 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.

Lease Details

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

78

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 47879, IN

2,908

Population

1,504

Households

1.9

Avg Household Size

42

Median Age

13%

College-Educated

81%

High-School Grad

61.8 sq mi

ZIP Area

47

Density / Sq Mi

$50,000

Median Household Income

$30,030

Median Earnings

$734

Median Rent

$93,600

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 - Historic restaurant venue with multiple dining areas, patio space, and a kitchen prepared for equipment installation.

Where is this conventional restaurant located?

The property is located at 9 W Mill Street Shelburn, IN.

What are key features of this property?

This property features: Restored interurban depot and substation at 9 W Mill Street; Restaurant layout includes lounge, 2 seating areas, and patio space; Guest capacity of 85