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Property profile & analytics
FOR SALE
Retail space

200 S Chestnut St Seymour, IN 47274

4,400 SF 0.07 ac lot Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US31-1361531
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-established, 4,400 square foot commercial building situated on a 0.07-acre corner lot in the heart of Seymour, Indiana, at the intersection of South Chestnut Street and US Highway 50. The property boasts a long-standing, successful family-owned business – Larrison's Diner – a beloved 50's-style establishment celebrating its 50th anniversary. The two-story brick building, constructed in 1900, offers significant income potential from the main tenant and additional commercial lease space. A second-floor apartment provides further versatility and income streams. The sale includes all existing equipment, allowing for a seamless transition for the new owner. This turnkey operation presents a rare chance to acquire a profitable, established business with significant historical value in a high-traffic location. The property's prime location ensures high visibility and accessibility, making it an ideal investment for both seasoned entrepreneurs and those seeking a stable, income-generating asset. The building's solid construction and established tenant base offer a strong foundation for continued success and growth. Don't miss this unique opportunity to own a piece of Seymour's history and secure a thriving commercial enterprise.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction WOOD
Total area 4,400 SF
Lot 0.07 ac (2,860 SF)
APN 36-66-17-318-016.000-009
UPID US31-1361531
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
  • Larrison's Diner 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
Larrison Rentals And Mgmt LLC · 3 yrs held
Larrison Rentals And Mgmt LLC
since 2022
2 recorded transactions
2022
Price N/A
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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