You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
OFF-MARKET
Commercial real estate

108 Main St Mentone, IN 46539

3,485 SF 0.08 ac lot Built 1900
Individually Owned 14-yr Hold Free & Clear
Property ID
US31-2329053
Property summary
AI-generated overview

This exceptional commercial property, located at 108 W Main Street in the thriving town of Mentone, Indiana, presents a unique investment opportunity. Situated on a 0.1-acre lot, this general commercial building boasts a prime location in the heart of Mentone, ensuring high visibility and foot traffic. Currently operating as a restaurant, the building offers a versatile layout adaptable to various commercial uses. The interior features a well-equipped kitchen (excluding a leased Pepsi cooler and ice maker), a checkout/bar top, two public restrooms, and a buffet station. Ample open space allows for flexible seating arrangements or customization to meet specific business needs. The sale includes all existing kitchen equipment, excluding the aforementioned leased items. Importantly, this sale does not include the current business, its furniture, dГ©cor, or inventory. The current tenant expresses a strong interest in remaining, presenting a potential income-generating opportunity for the new owner. This landmark building offers a blend of established infrastructure and significant potential for future growth, making it an attractive proposition for discerning investors seeking a profitable venture in a desirable location. The property's strategic position within Mentone ensures easy access for customers and employees alike. This is a rare chance to acquire a well-established commercial space in a vibrant community. The asking price is $225,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction WOOD
Total area 3,485 SF
Lot 0.08 ac (3,300 SF)
Zoning code NON-P
APN 43-13-01-400-012.000-036
UPID US31-2329053
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
  • Teel's Family Restaurant Restaurant
  • El Toluco Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Timothy H Croy · 14 yrs held
Timothy H Croy
since 2012
1 recorded transaction
2012
Price N/A
Zoning & alternative use
NON-P · Mentone, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 108 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message