101 Indiana Ave English, IN 47118
For Sale
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This exceptional 2800 square foot commercial property, situated on a 0.47-acre corner lot in the heart of English, Indiana, presents a unique investment opportunity. Built in 1995, this all-brick ranch building currently operates as a successful restaurant, enjoying a prime location just a short distance from Patoka Lake and the English Golf Course, ensuring consistent foot traffic. The property's strategic placement on Indiana Avenue and SR 64, alongside a post office, bank, attorney's office, and a license branch, further enhances its visibility and accessibility. Its proximity to the Crawford County Courthouse (only 1/4 mile away) adds to its appeal. The asking price of $350,000 includes all restaurant equipment and inventory, offering a turnkey operation for a new owner. The building's versatile design allows for easy conversion to other uses, including medical offices, retail spaces, or other commercial ventures. Given the current cost of construction, the opportunity to acquire this established building on a desirable corner lot at this price point is exceptional. The existing business provides immediate income potential, eliminating the need for extensive start-up costs and time. This is a rare chance to acquire a well-located, adaptable commercial property with significant upside. Don't miss this chance to own a piece of English, Indiana's thriving business community.
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
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.