200 S Chestnut St Seymour, IN 47274
For Sale
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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.
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Larrison's Diner 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
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.