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    1901 Indianapolis Ave Lebanon, IN 46052

    Sponsored
    For Sale
    $850,000

    Turnkey bowling alley, bar, & building.

    Property size:
    14,546 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional turnkey business opportunity presents a well-established, owner-operated bowling alley and bar situated on a 0.95-acre lot in Lebanon, Indiana. The 14,546 square foot, single-story building, constructed in 1950 and renovated in 2020, boasts 18 bowling lanes and a fully operational bar. The property includes all equipment and furnishings, making it truly turnkey. The building is zoned IN (Institutional) and features charming retro décor. Its prime location near the Boone County fairgrounds offers significant potential for increased revenue. The business operates under a three-way liquor license. Financial records are available upon request. This is a rare chance to acquire a profitable, established business with a strong local presence and significant growth potential. The asking price is $850,000. Property details include a single unit, Class B building, and the APN is 06-07-06-000-100.000-002. This is an ideal investment for an owner-user seeking a unique and established business.

    Property Features for 1901 Indianapolis Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,546 SF
    Class
    B
    Lot Size
    41,382 SF

    Building Details

    Year Built/Renovated
    1950/2020
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 0.95‑acre lot
    • 14,000+ square foot building
    • 18‑lane bowling alley with bar
    • Owner‑occupied building
    • Three‑way liquor license
    Property Profile Location Intelligence

    Current Use by Public Records

    LBC Lanes Bowling Alley

    Suggested Use

    Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Boone
    State
    Indiana
    Longitude
    -86.451222554304
    Latitude
    40.032455431353

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    FAQs

    What type of property is this?
    Individual retail property - Turnkey bowling alley, bar, & building.
    Where is this individual retail property located?
    The property is located at 1901 Indianapolis Ave Lebanon, IN.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 0.95-acre lot; 14,000+ square foot building; 18-lane bowling alley with bar
    Request Owner's contact information
    1901 Indianapolis Ave Lebanon, IN 46052
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    Lebanon, IN 46052
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1901 Indianapolis Ave Lebanon, IN 46052
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