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Property profile & analytics

1022 S Washington St Delphi, IN 46923

  • Turn key restaurants
  • 2,947 SF
  • 0.71 lot acres
Value Estimation
$120,000
Last Sale
Aug 15, 2022
$130,000
Location Intelligence
Property ID
US31-0873748
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 1022 S Washington St

Year built
1961
Construction
WOOD
Lot size
0.71 lot acres
Property size
2,947 SF
Property type
Turn key restaurants
APN
08-06-29-036-003.000-007
APU
80629036003000007

Description

This exceptional restaurant opportunity in Delphi, Indiana, presents a 2,947-square-foot building situated on a generous 7.1-acre lot. Built in 1961, the single-story structure is zoned B-2 Local Business, offering significant potential for a variety of culinary ventures. The property boasts numerous recent updates, including upgraded electrical and plumbing systems, and modernized bathrooms, minimizing upfront capital expenditures for the new tenant. The owner is committed to a long-term lease and is willing to customize the build-out to meet the specific needs of the prospective tenant. This prime location on South Washington Street offers excellent visibility and accessibility, being conveniently situated near schools, other businesses, and residential areas, ensuring a strong customer base. The property's size and location make it an ideal choice for an established restaurant looking to expand or a new concept seeking a strong foundation for growth. The ample land provides opportunities for outdoor seating or expansion, further enhancing its appeal. This is a rare chance to acquire a well-maintained, adaptable restaurant space in a thriving community. The single-tenant occupancy ensures exclusive use and control of the premises.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $125,000
  • CAP approach

    CAP return
    Estimation
    6%
    $140,000
    6.5%
    $135,000
    7%
    $130,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $130,000
    Geo Method
    $125,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $110,000
    Retail
    $100,000
    Mixed-Use
    $100,000
    Hospitality
    $130,000
    Educational
    $130,000
    Residential Income
    $105,000
    Energy
    $120,000
    Income-Based Land
    $110,000
    Food Service
    $110,000

Location Insight

  • Map
  • Local Demand
City
Delphi
County
Carroll
State
Indiana
Longitude
-86.6672
Latitude
40.5795
CBSA code
29200
CBSA name
LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$5,328
$96,900
$81,700
$178,600
-
$96,900
$81,700
$178,600
More about this property
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