1004 3rd St Rushville, IN 46173
This exceptional commercial property at 1004 W 3rd Street, Rushville, Indiana, presents a unique investment opportunity in a thriving rural community. Boasting 2,317 square feet on a 0.48-acre lot, this well-maintained building is ideally suited for a variety of businesses. The property's prime location benefits from an average daily traffic count exceeding 5,500 vehicles, ensuring high visibility and accessibility. The building's interior features ample seating for over 92 patrons, making it suitable for restaurants or businesses requiring significant customer capacity. The property includes all existing equipment, offering a turnkey solution for a new owner. Furthermore, potential training and detailed operational information may be available to facilitate a smooth transition. The previous business operated successfully for over 50 years, transitioning from a Dairy Queen franchise, demonstrating the property's proven potential. The drive-thru equipment was updated as recently as 2021, enhancing operational efficiency and customer convenience. Additional exterior storage space provides further versatility and functionality. This is an exceptional chance to establish or relocate your business in a high-traffic, well-established location. The asking price is $250,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.