Technical
Financial
Distress signals
Property profile

108 Main St Mentone, IN 46539

OFF-MARKET
Commercial real estate
Property ID
US31-2329053
3,485 SF 0.08 ac lot Built 1900
Individually Owned 14-yr Hold Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

108 Main St Mentone, IN 46539
Mentone metro Census 962400 WARSAW, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

Zoning & alternative use

NON-P · Mentone, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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.
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