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    200 Chestnut St Seymour, IN 47274

    For Sale
    $509,000

    Established Diner, Multi-Tenant Building, High Traffic Area

    Property size:
    4,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a thriving, 50-year-old, family-owned 1950s-style diner located in the heart of Seymour, Indiana. The property, situated on a corner lot at the intersection of South Chestnut Street and US Highway 50, boasts a prime downtown location with high visibility and significant foot traffic. The main tenant, Larrison's Diner, occupies 4,400 square feet of a two-story brick building constructed in 1900. The building offers additional commercial lease space and a second-floor apartment, providing diverse income streams. All equipment is included in the sale price of $509,000. This multi-tenant property presents a unique blend of established business and significant rental potential, making it an attractive investment for both seasoned and aspiring entrepreneurs. The building's historical charm combined with its strategic location and the success of the existing diner create a compelling opportunity for continued growth and profitability. The property's size and layout offer flexibility for future expansion or adaptation to meet evolving market demands. This is a rare chance to acquire a well-established business with significant upside potential in a desirable Indiana community. The property is ready for a new owner to continue its legacy of success.

    Property Features for 200 Chestnut St

    General Information

    Property type
    Investment properties
    Square Feet
    4,400 SF

    Building Details

    Year Built
    1900

    HighLights

    • $509,000 asking price for a mixed‑use retail business and building.
    • 4,400 square feet of commercial space.
    • Located in downtown Seymour, Indiana at 200 S Chestnut St, on a corner lot.
    • Includes the established Larrison's Diner, a 50‑year‑old business.
    • Features additional commercial lease space and a second‑floor apartment.
    • Two‑story brick building built in 1900.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Larrison's Diner Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Seymour
    County
    Jackson
    State
    Indiana
    Longitude
    -85.889915067487
    Latitude
    38.956833145684

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    FAQs

    What type of property is this?
    Investment property - Established Diner, Multi-Tenant Building, High Traffic Area
    Where is this investment property located?
    The property is located at 200 Chestnut St Seymour, IN.
    What is the asking price?
    The asking price for this property is $509,000.
    What are key features of this property?
    This property features: $509,000 asking price for a mixed-use retail business and building.; 4,400 square feet of commercial space.; Located in downtown Seymour, Indiana at 200 S Chestnut St, on a corner lot.
    Request Owner's contact information
    200 Chestnut St Seymour, IN 47274
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    Seymour, IN 47274
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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
    200 Chestnut St Seymour, IN 47274
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