210-212 2Nd St Seymour, IN 47274
This exceptional three-story commercial building, located at 210-212 W 2nd Street in the heart of downtown Seymour, Indiana, presents a unique opportunity for an upscale casual restaurant. Boasting over 5,000 square feet per floor, plus a sizable basement for storage, this property offers ample space for a thriving establishment. The building currently has a tenant in place, providing immediate income potential. Seymour's downtown area is experiencing significant revitalization, with numerous recent building sales, leases, and renovations. This growth includes the addition of a 3.24-acre family park hosting events, a farmers market, concerts, and movies, creating a vibrant and active community atmosphere. The city actively encourages further development, with a need for additional restaurants, breweries, wineries, boutique shops, and specialty stores. The potential buyer can apply for a 2-3 way liquor permit through the Indiana Alcohol and Tobacco Commission (ATC) for beer, wine, and liquor sales. Furthermore, there's a strong demand for additional upper-floor apartments to enhance the urban living experience and foster a "Live, Work, and Play" environment. The Seymour Main Street Organization offers incentives for both building owners and tenants, making this an attractive investment opportunity. Don't miss the chance to be part of Seymour's exciting growth and establish a successful business in this prime location. The property is priced at $325,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.