2834 In-66 Marengo, IN 47140

Property Details for 2834 In-66

Property size

2,055 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional 2,055 sq ft mixed-use property in Marengo, Indiana, presents a unique investment opportunity. Currently operating as a restaurant and a five-lane indoor axe-throwing venue housed in a newly renovated 30x40 pole barn, this business boasts a rich history as a former convenience store and gas station, offering versatile future options. The property includes all equipment and inventory valued at $90,000, for a total asking price of $375,000. Underground storage tanks (USTs) are compliant, with new anodes installed in 2017. The restaurant, established in 2018, caters to a major local warehouse and offers significant expansion potential. An outdoor seating area connects the main building and the pole barn, allowing alcohol service throughout. Situated on 1.5 acres of prime real estate, just five minutes from I-64 and within ten minutes of popular tourist attractions like Marengo Cave, Cave Country Canoes, and Sycamore Springs, this location offers high visibility and accessibility. The property is already surveyed into three separate tracts for potential individual sales. Further expansion is possible with an additional commercial/residential building (approximately 1 acre, survey pending) across the street, currently rented with a lease expiring September 2024, available for $135,000. The possibilities are endless: continue the current operations, revive the convenience store and gas station, or develop residential or rental units.

Location Insight

City

Marengo

County

Crawford

State

Indiana

Longitude

-86.3579

Latitude

38.4076