505 Grant Ave Fowler, IN 47944
This exceptional turn-key bar and restaurant opportunity in Fowler, Indiana, encompasses a substantial 4,096+/- square foot building constructed in 1900 and situated on a generous 0.27+/- acre lot (100' x 180'+/-). The property boasts seating for approximately 100 patrons within the main restaurant and bar area. All equipment, furniture, décor, and a liquor license (transferable upon qualification) are included in the sale, along with remaining inventory, web domain, and name rights. A significant advantage is the inclusion of two leased one-bedroom, one-bathroom residential units located upstairs, providing additional income streams. Recent upgrades enhance the property's value, including a newer roof, upgraded electrical service, a new central air/furnace system, and new carpeting. The extensive commercial kitchen equipment is comprehensive, featuring a six-burner commercial stove, fire suppression system, flat grill, charbroiler, convection oven, fryers, slicer, multiple refrigerators and freezers, a walk-in freezer, and a walk-in refrigerator. Bar equipment includes a keg cooler with three lines, a soda dispensing system, and ample prep and work tables. Furnishings include dining tables, chairs, and barstools, along with a sound system. Further enhancing the property's functionality are a 22-kilowatt emergency generator, a fenced-in rear lot with storage sheds, and a separate fenced-in dumpster area. This is a complete and ready-to-operate business.
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 Lease
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.