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Property profile & analytics
OFF-MARKET
Commercial real estate

659 Huntington Rd Montpelier, IN 47359

0.17 ac lot Built 1950
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1950
Lot 0.17 ac (7,405 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
Allowed · conditional · prohibited
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