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    OFF-MARKET
    Commercial real estate

    4015 State Rd 446 Hwy, Bloomington, IN 47401

    0.62 ac lot Built 1967
    Property ID
    Property summary
    AI-generated overview

    This exceptional turnkey business opportunity encompasses a thriving bar and restaurant, deeply rooted in the Bloomington community for over a decade. The sale includes three buildings situated on two parcels totaling 2.07 acres, offering significant potential for expansion or diversification. The main building houses the popular bar and restaurant, complete with a fully equipped industrial kitchen, all appliances, seating, and a valuable 3-way liquor license. Included in the sale are the existing spirits inventory, two wood-burning stoves, and nearly all furnishings (excluding a few decorations and one pool table). A separate building features a restroom facility and a four-car garage, previously used as a mechanic's shop, presenting versatile options for future use. Adding to the income stream is a three-bedroom, one-bathroom apartment currently leased month-to-month for $800, and a cabin requiring some TLC. The property also boasts two holding tanks (requiring infrequent pumping), a convenient driveway leading to the rear, over 50 street parking spaces, and multiple outdoor decks ideal for hosting events. The location is highly desirable, just a short distance from the causeway and Cutright Boat Ramp, ensuring easy access for patrons. This well-established business, with its loyal customer base and strong local reputation, presents a rare opportunity for a savvy investor. The 0.62-acre lot provides ample space for future development.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1967
    Lot 0.62 ac (27,007 SF)
    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
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