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OFF-MARKET
Retail properties & Spaces

1500 E St Richmond, IN 47374

5,857 SF 0.62 ac lot Built 1910
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Generations Sports Bar Bar & Pub
  • Generations Grill and Sports Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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