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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

102 State St Ashley, IN 46705

1,304 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1,304 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
Current use
Occupant on record · Public records
  • Joe's Place Bar & Pub
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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