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    1500 E St Richmond, IN 47374

    Sponsored
    For Sale
    $960,000

    Established Bar & Restaurant, Turnkey Opportunity

    Property size:
    5,857 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional business opportunity presents the chance to acquire the well-established Generations Grill, a thriving bar and restaurant located in historic Richmond, Indiana. Situated at 1500 N E St, this two-story, 5,857 square foot mixed-use property sits on a 0.62-acre lot and was built in 1910. The property boasts both spacious indoor and inviting outdoor dining areas, perfect for a variety of clientele. The outdoor patio offers a picturesque view of Richmond. Adding to the lively atmosphere are on-site volleyball courts. The sale includes all necessary equipment for serving a diverse menu, including pizza, steaks, and classic bar fare. A significant advantage is the inclusion of a coveted three-way (210) liquor license, enabling both on-site consumption and carry-out sales. This turnkey operation is ready for a new owner to step in and continue its success. The property's prime location in Wayne County, Indiana, zip code 47374, ensures high visibility and accessibility. This is a rare opportunity to own a profitable and well-regarded establishment in a vibrant community. The asking price for this remarkable business is $960,000.

    Property Features for 1500 E St

    General Information

    Property type
    Restaurants
    Square Feet
    5,857 SF
    Lot Size
    27,007 SF

    Building Details

    Year Built
    1910
    Stories
    2

    HighLights

    • Turnkey bar and restaurant business for sale.
    • 5,857 SF two‑story building on a 0.62‑acre lot in historic Richmond, IN.
    • Features indoor and outdoor dining areas, plus volleyball courts.
    • Includes a three‑way liquor license.
    • Asking price: $960,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Generations Sports Bar Bar Generations Grill and Sports ... Sports Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.8814617
    Latitude
    39.8346659

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      Established Bar/Restaurant with Patio

      Turnkey bar and restaurant with liquor license and outdoor patio.
      1500 N E St, Richmond, IN 47374
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established Bar & Restaurant, Turnkey Opportunity
    Where is this restaurant located?
    The property is located at 1500 E St Richmond, IN.
    What is the asking price?
    The asking price for this property is $960,000.
    What are key features of this property?
    This property features: Turnkey bar and restaurant business for sale.; 5,857 SF two-story building on a 0.62-acre lot in historic Richmond, IN.; Features indoor and outdoor dining areas, plus volleyball courts.
    Request Owner's contact information
    1500 E St Richmond, IN 47374
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    Richmond, IN 47374
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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
    1500 E St Richmond, IN 47374
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