Property profile

1500 E St Richmond, IN 47374

OFF-MARKET
Retail properties & Spaces
5,857 SF 0.62 ac lot Built 1910
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Property summary

AI-generated overview

This exceptional business opportunity presents the chance to acquire the well-established Generations Grill, a thriving bar and restaurant located in historic Richmond, Indiana. Situated at 1500 N E St, this two-story, 5,857 square foot mixed-use property sits on a 0.62-acre lot and was built in 1910. The property boasts both spacious indoor and inviting outdoor dining areas, perfect for a variety of clientele. The outdoor patio offers a picturesque view of Richmond. Adding to the lively atmosphere are on-site volleyball courts. The sale includes all necessary equipment for serving a diverse menu, including pizza, steaks, and classic bar fare. A significant advantage is the inclusion of a coveted three-way (210) liquor license, enabling both on-site consumption and carry-out sales. This turnkey operation is ready for a new owner to step in and continue its success. The property's prime location in Wayne County, Indiana, zip code 47374, ensures high visibility and accessibility. This is a rare opportunity to own a profitable and well-regarded establishment in a vibrant community. The asking price for this remarkable business is $960,000.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1910
Total area 5,857 SF
Lot 0.62 ac (27,007 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bar & Pub
  • Bar & Pub

Location

1500 E St Richmond, IN 47374
Richmond metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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