Property profile

913 Us Highway 33 Churubusco, IN 46723

OFF-MARKET
Retail properties & Spaces
4,439 SF 4.47 ac lot Built 1982
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Property summary

AI-generated overview

This vacant, 4,439 square foot restaurant and bar in Churubusco, Indiana, is available for $310,000. Located on a 4.47-acre lot at 913 E. US Highway 33 #57, this single-story, Class B building boasts a recently installed metal roof and updated HVAC systems (bar side within the last 6 years, family side within the last 2 years). The property includes three modernized septic tanks and an irrigation system, all updated within the past decade. A new grill hood with fire suppression is also in place. The property features C3 zoning, offering diverse business opportunities. Previously operating until February 2023, this established location near Tri-Lake offers significant potential. An on-site advertising pole generates an additional $1,800 in annual income. The building was constructed in 1982 and has a 4,439 square foot net rentable area. The property's APN is 57-20-31-200-005.000-007. A liquor license is available for separate purchase. The occupancy date is February 18, 2024.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1982
Total area 4,439 SF
Lot 4.47 ac (194,713 SF)

Cap rate & NOI

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

Location

913 Us Highway 33 Churubusco, IN 46723
Churubusco metro
Google Maps

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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