Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    57968 Co Rd 7 Elkhart, IN 46517

    Sponsored
    For Sale
    $450,000

    Historic Indiana Bar/Restaurant, 5144 sq ft

    Property size:
    5,144 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Elkhart County, Indiana, business opportunity presents a fully operational bar and restaurant on a one-acre lot. The 5,144-square-foot building, constructed in 1863, boasts significant character and charm, complemented by modern amenities. The property is zoned B-3, allowing for a variety of uses. The interior features ample seating for approximately 50 patrons, including a nine-seat bar and space currently configured for six pool tables. A large deck provides additional outdoor seating. The well-equipped commercial kitchen includes a hood system and a walk-in cooler. The property includes five restrooms, two of which are ADA compliant. All furniture and equipment are included in the sale, excluding leased items. The high ceilings contribute to the spacious feel. The asking price is $450,000, with a price per square foot of $87.48. The property's APN is 20-06-17-351-001.000-009. This turnkey operation is situated at 57968 Co Rd 7, Elkhart, IN 46517, and includes a valid liquor license. This is a rare opportunity to acquire a well-established business in a desirable location. The property's historical significance and versatile layout make it an attractive investment for both owner-users and potential investors.

    Property Features for 57968 Co Rd 7

    General Information

    Property type
    Restaurants
    Square Feet
    5,144 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1863

    HighLights

    • $450,000 asking price for a 5,144 SF retail property.
    • Owner/user investment opportunity.
    • Located at 57968 Co Rd 7, Elkhart, IN 46517.
    • Bar and restaurant with liquor license, seating for approximately 50.
    • Features include a large deck, walk‑in cooler, commercial kitchen with hood, and 5 restrooms (2 handicap accessible).
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9842893
    Latitude
    41.6538568

    Nearby Similar for Sale

    • $324,900
      2,852 SF

      Elkhart Duplex Plus Bungalow Home

      Two properties on one tax-key: duplex plus bungalow.
      509 Prospect St, Elkhart, IN 46514
      View Details
    • $185,900
      0.13 Acres

      Versatile Commercial Building in Elkhart

      Adaptable commercial space suitable for various business ventures.
      1801 Wood St, Elkhart, IN 46516
      View Details
    • $650,000
      0.13 Acres

      Winchester Mansion: Event Center Potential

      Stunning property with income potential as event center or B&B.
      529 S 2Nd St, Elkhart, IN 46516
      View Details
    • New
      $79,900
      1,400 SF

      Elkhart Duplex with Garage

      Duplex in Elkhart, Indiana, with detached garage and shed.
      1118 Cedar St, Elkhart, IN 46514
      View Details
    • $69,900
      0.02 Acres

      Elkhart Storefront Carry Out Business

      Storefront carry-out business with basement, equipment, and B-2 zoning.
      202 E Indiana Ave, Elkhart, IN 46516
      View Details
    • $175,000
      0.44 Acres

      Elkhart Mixed-Use Commercial Building

      Renovated mixed-use building in high-traffic area with business and residential potential.
      23957 Us 33, Elkhart, IN 46517
      View Details
    • $154,000
      0.11 Acres

      Elkhart Restaurant/Bar For Sale

      Cozy diner with equipment in Elkhart, Indiana.
      822 N Michigan St St, Elkhart, IN 46514
      View Details
    • $249,900
      1.11 Acres

      Versatile Mixed-Use Building in Elkhart

      Updated brick building suitable for various business uses.
      24266 County Road 45, Elkhart, IN 46516
      View Details
    • $125,000

      Elkhart Industrial Building For Sale

      8,000 SF industrial building with M1 zoning in Elkhart.
      510 State St, Elkhart, IN 46516
      View Details
    • New
      $850,000
      2.66 Acres

      Elkhart Industrial/Warehouse Opportunity

      Industrial/warehouse property in Elkhart with expansion potential.
      3505 Cooper Dr, Elkhart, IN 46514
      View Details
    • $350,000
      1.09 Acres

      Updated Mixed-Use Building on Bristol

      2,500 SF mixed-use building with high visibility and ample parking.
      1842 E Bristol St, Elkhart, IN 46514
      View Details
    • $450,000
      1.00 Acre

      Elkhart Restaurant/Bar with Liquor License

      Restaurant/Bar with liquor license on a 1-acre B-3 zoned property.
      57968 County Road 7, Elkhart, IN 46517
      View Details

    FAQs

    What type of property is this?
    Restaurant - Historic Indiana Bar/Restaurant, 5144 sq ft
    Where is this restaurant located?
    The property is located at 57968 Co Rd 7 Elkhart, IN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price for a 5,144 SF retail property.; Owner/user investment opportunity.; Located at 57968 Co Rd 7, Elkhart, IN 46517.
    Request Owner's contact information
    57968 Co Rd 7 Elkhart, IN 46517
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    57968 Co Rd 7
    Elkhart, IN 46517
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    57968 Co Rd 7 Elkhart, IN 46517
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.