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    101 Main St Syracuse, IN 46567

    For Sale
    $259,900

    Profitable Restaurant w/ Apartment, High Occupancy

    Property size:
    3,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a thriving restaurant located at 101 W Main St, Syracuse, Indiana, 46567. The property boasts a prime location and offers a substantial 3,400 square feet of space, currently operating at 100% occupancy. The restaurant itself is situated at ground level, providing convenient access for customers. A significant advantage is the inclusion of a spacious 3-bedroom apartment located above the commercial space, offering additional income potential or housing for management. The property is offered at an asking price of $259,900, representing an attractive 8.00% capitalization rate. The lease is structured as a Net lease, providing a clear and predictable income stream for the investor. This turnkey operation is situated in Kosciusko County and presents a rare chance to acquire a well-established, high-performing restaurant with significant upside potential. The property's strong performance and desirable location make it an ideal addition to any investment portfolio. Detailed financial information is available upon request. This is a truly exceptional opportunity to own a profitable business in a thriving Indiana community.

    Property Features for 101 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    3,400 SF

    HighLights

    • $259,900 asking price for a retail property.
    • Net lease restaurant space.
    • 3,400 square feet.
    • 8.00% cap rate.
    • 100% occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Benson Communications Website Designer Nature's Terrace Health Food Store A Touch of Beauty Beauty Salon Honeydew Tattoo Tattoo Artist Fidelity National Title Title Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Kosciusko
    State
    Indiana
    Longitude
    -85.752830735247
    Latitude
    41.427773133857

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    FAQs

    What type of property is this?
    Restaurant - Profitable Restaurant w/ Apartment, High Occupancy
    Where is this restaurant located?
    The property is located at 101 Main St Syracuse, IN.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: $259,900 asking price for a retail property.; Net lease restaurant space.; 3,400 square feet.
    Request Owner's contact information
    101 Main St Syracuse, IN 46567
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    Syracuse, IN 46567
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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 Syracuse, IN 46567
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