115 Poplar St Corydon, IN 47112-1025
This exceptional opportunity presents a thriving bar and substantial real estate in Corydon, Indiana. The 7,060-square-foot building, constructed in 1945 and extensively renovated in 2020, boasts a highly successful, 5,541-square-foot Alibi Bar, opened in 2021. The remaining 1,519 square feet offers the potential for two apartments, adding significant rental income. The property includes three units in total, spread across two stories, and sits on a prime location at 115 E Poplar St, Corydon, IN 47112. This Class C building presents a unique investment opportunity for both owner-users seeking to operate a successful business and investors looking for strong cash flow potential. Detailed financial information is available upon request after signing a confidentiality agreement. The property is offered at $600,000 and includes 100% ownership. The occupancy date is September 11, 2024. This is a turnkey operation with significant upside potential. Don't miss this chance to acquire a well-established business and valuable real estate in a growing Indiana market.
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The Alibi Bar & Pub Restaurant
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
Similar Nearby for Lease
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.