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    Property profile & analytics
    FOR SALE
    Commercial real estate

    152 E Pleasant Ave, Marengo, IN 47170

    1,928 SF 0.25 ac lot Built 1948
    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US31-2437808
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1948
    Construction WOOD
    Total area 1,928 SF
    Lot 0.25 ac (10,890 SF)
    APN 13-08-06-100-229.000-007
    UPID US31-2437808
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    TOWN MARENGO
    TOWN MARENGO
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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