659 Huntington Rd Montpelier, IN 47359
This exceptional commercial property at 659 W Huntington Road, Montpelier, Indiana, presents a unique opportunity for a savvy investor or entrepreneur. Formerly home to Frosty's, this well-maintained restaurant and ice cream shop is situated on a highly visible 0.17-acre lot on SR 18, ensuring consistent customer traffic. The property boasts a turnkey operation, allowing for immediate commencement of business. The interior is in immaculate condition, having been freshly painted and meticulously cared for. The fully equipped kitchen includes gas forced heating, central air conditioning, a walk-in freezer, one bathroom, and a comprehensive array of commercial-grade appliances. This includes three new refrigerator/freezer units, an ice cream machine, milkshake machine, ice maker, cash register, fryers, and a griddle. The existing menu offers a diverse selection of food, ice cream, and beverages, providing a solid foundation for continued success. The strategic location on SR 18 offers high visibility and proximity to popular local establishments such as Carrie's Restaurant and various gas stations. Its prime position makes it ideally suited to capitalize on the annual Jamboree and other local events. This is a rare chance to acquire a fully operational, well-equipped, and strategically located business in a thriving community. Priced at $89,900, this property represents an outstanding investment opportunity.
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
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.