4015 State Rd 446 Hwy, Bloomington, IN 47401
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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.