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Property profile & analytics
OFF-MARKET
Retail space

112 Van Rensselaer St Rensselaer, IN 47978-2652

1,954 SF 0.06 ac lot Built 1910
Individually Owned 6-yr Hold Free & Clear
Property ID
US31-1683800
Property summary
AI-generated overview

This exceptional opportunity presents a well-established cafe in the heart of downtown Rensselaer, Indiana. Operating successfully for over 50 years, this beloved eatery, known as Janet's Kitchen, enjoys a prime location just a short distance from the courthouse, ensuring consistent foot traffic and a loyal customer base. The sale includes the restaurant itself, along with an adjacent office space that has generated supplemental income through various tenants, most recently a therapeutic massage clinic. The office space features a private bathroom. The restaurant's equipment is included in the sale and is in good working order, featuring a refrigerator with a top freezer, two chest freezers, two upright freezers, a commercial double refrigerator, a six-burner gas stove, a newer Ansul fire suppression system, a pop machine, an ice machine, and a steam table, as well as a deep fryer. The spacious dining area is comprised of two sections: a main dining area with a breakfast bar seating seven and tables accommodating 28 patrons, and a second dining area with seating for an additional 27 guests. The property sits on a 0.06-acre lot. Heating and cooling units have been recently replaced. The restaurant's current operating schedule is five and a half days a week, serving breakfast and lunch. Approximately three weeks' worth of food inventory is included in the sale. This is a rare chance to acquire a turnkey operation with a proven track record and significant potential for continued growth. The asking price is $179,900.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction WOOD
Total area 1,954 SF
Lot 0.06 ac (2,570 SF)
Zoning code BUFF
APN 37-07-30-004-017.142-027
UPID US31-1683800
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
  • Janets Kitchen 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
James Tucker · 6 yrs held
James Tucker
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
BUFF · Rensselaer, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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