102 State St Ashley, IN 46705
This thriving Ashley, Indiana bar presents a unique turnkey opportunity for an ambitious entrepreneur. Located at 102 W State St, this 1,304 square foot establishment boasts a 100% occupancy rate and is priced at $140,000 ($107.36/sq ft). The sale includes the building, land, a three-way liquor license (allowing on-premise consumption and carry-out sales), all kitchen equipment, a walk-in cooler, a pool table, and all furnishings. Additional revenue streams are generated by a pull-tab machine and a jukebox. A full basement provides ample storage space, and convenient parking is readily available. The bar has a long-standing history in the community, known for its welcoming atmosphere. Its strategic location near several factories and the I-69 interstate offers significant potential for increased food and beverage sales. This is a rare chance to acquire an established business with a proven track record and substantial growth potential in a desirable location. The lease is expiring, making this a fee-simple ownership opportunity. The current owner is retiring, presenting a seamless transition for the new owner.
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Joe's Place Bar & Pub
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.