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OFF-MARKET
Investment properties

210-212 2Nd St Seymour, IN 47274

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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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