Property profile

57968 Co Rd Elkhart, IN 46517

OFF-MARKET
Retail properties & Spaces
5,144 SF 1 ac lot Built 1863
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Property summary

AI-generated overview

This exceptional Elkhart County, Indiana, business opportunity presents a fully operational bar and restaurant on a one-acre lot. The 5,144-square-foot building, constructed in 1863, boasts significant character and charm, complemented by modern amenities. The property is zoned B-3, allowing for a variety of uses. The interior features ample seating for approximately 50 patrons, including a nine-seat bar and space currently configured for six pool tables. A large deck provides additional outdoor seating. The well-equipped commercial kitchen includes a hood system and a walk-in cooler. The property includes five restrooms, two of which are ADA compliant. All furniture and equipment are included in the sale, excluding leased items. The high ceilings contribute to the spacious feel. The asking price is $450,000, with a price per square foot of $87.48. The property's APN is 20-06-17-351-001.000-009. This turnkey operation is situated at 57968 Co Rd 7, Elkhart, IN 46517, and includes a valid liquor license. This is a rare opportunity to acquire a well-established business in a desirable location. The property's historical significance and versatile layout make it an attractive investment for both owner-users and potential investors.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1863
Total area 5,144 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

57968 Co Rd Elkhart, IN 46517
Elkhart metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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