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    101 Main St Wolcottville, IN 46795

    For Sale
    $599,000

    Historic restaurant, fully equipped, profitable.

    Property size:
    4,215 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,215 square foot restaurant located at 101 S. Main St., Wolcottville, IN 46795, presents a unique investment opportunity. Built in 1929, this single-story building sits on a 0.44-acre lot (APN: 57-04-03-400-097.000-012) and is zoned B-4 - Central Business District. The property boasts a fully equipped kitchen and bar, complete with 12-foot and 4-foot exhaust hoods, a walk-in freezer, and a walk-in cooler. Recent upgrades include new carpeting and tables installed in 2023. The sale includes a valuable 3-way liquor license. This established business benefits from its convenient location near Witmer, Adams, and Sylvan Lakes. The asking price is $599,000, translating to $142.11 per square foot. The net rentable square footage is 4,215 square feet. This turnkey operation is ready for a new owner to continue its success. The property's historical charm combined with its modern amenities makes it an attractive proposition for discerning buyers. This is a rare opportunity to acquire a thriving restaurant with significant potential for growth in a desirable location.

    Property Features for 101 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    4,215 SF
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1929
    Buildings
    1
    Stories
    1

    HighLights

    • 4,215 SF restaurant on 0.44‑acre lot in Wolcottville, IN.
    • Located at 101 S. Main St., zoned B‑4.
    • Fully equipped kitchen and bar with 12' & 4' hoods, walk‑in freezer & cooler.
    • Recent upgrades include new carpeting and tables (2023).
    • Includes a 3‑way liquor license.
    • Asking price: $599,000 ($142.11/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Wolcottville
    County
    Noble
    State
    Indiana
    Longitude
    -85.36631403
    Latitude
    41.5259289

    Nearby Comparable

    • $550,000
      4,215 SF

      Restaurant and Bar with Liquor

      Operating restaurant and bar with real estate and liquor license.
      101 S Main St, Wolcottville, IN 46795
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    • $384,900
      1,836 SF

      Updated Lakefront Duplex on Witmer Lake

      Updated 4-bedroom, 2-bath lake house with channel frontage.
      2145 E 770, Wolcottville, IN 46795
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    Nearby Similar for Sale

    • $384,900
      1,836 SF

      Updated Lakefront Duplex on Witmer Lake

      Updated 4-bedroom, 2-bath lake house with channel frontage.
      2145 E 770, Wolcottville, IN 46795
      View Details
    • $179,900
      0.24 Acres

      Wolcottville Retail Building For Sale

      Retail building with recent upgrades and potential for various businesses.
      8040 E 500 S, Wolcottville, IN 46795
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    • $550,000
      4,215 SF

      Restaurant and Bar with Liquor

      Operating restaurant and bar with real estate and liquor license.
      101 S Main St, Wolcottville, IN 46795
      View Details

    FAQs

    What type of property is this?
    Restaurant - Historic restaurant, fully equipped, profitable.
    Where is this restaurant located?
    The property is located at 101 Main St Wolcottville, IN.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 4,215 SF restaurant on 0.44-acre lot in Wolcottville, IN.; Located at 101 S. Main St., zoned B-4.; Fully equipped kitchen and bar with 12' & 4' hoods, walk-in freezer & cooler.
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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
    101 Main St Wolcottville, IN 46795
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