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Property profile & analytics
OFF-MARKET
Commercial land

115 Poplar St Corydon, IN 47112-1025

0.22 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US31-2266536
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.22 ac (9,760 SF)
APN 31-10-31-158-011.000-008
UPID US31-2266536
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
  • The Alibi Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
KINGSLEY STANLEY A LISA LESAUX REC HE KATHY
KINGSLEY STANLEY A LISA LESAUX REC HE KATHY
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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