152 E Pleasant Ave, Marengo, IN 47170
For Sale
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This exceptional business opportunity presents a 0.25-acre property located at 152 E Pleasant Avenue in Marengo, Indiana. The building, previously utilized by a local church for youth activities and other functions, offers significant potential for a variety of food service businesses. Its adaptable layout makes it suitable for an ice cream parlor, coffee shop, or a traditional sit-down restaurant. A convenient walk-up window is already in place, ideal for quick service and carry-out orders. The sale price is an attractive $50,000. While the building is ready for immediate occupancy, it's important to note that kitchen equipment is not included in the sale. This presents a unique opportunity for a new owner to customize the space to their specific needs and vision. The property's location in Marengo offers excellent visibility and accessibility, providing a strong foundation for a thriving business. This is a rare chance to acquire a well-situated commercial property at a highly competitive price point. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is ready for a new owner to bring their entrepreneurial vision to life. Don't miss out on this chance to establish your business in a vibrant community.
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
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.