202 State St Ashley, IN 46705-5220
This exceptional commercial property presents a unique investment opportunity in the heart of Ashley, Indiana. Located at 202 W State Street, this established diner boasts a highly visible location on State Road 4, ensuring consistent traffic and brand recognition within the Ashley/Hudson community. The property encompasses a substantial 3,485 square feet of space situated on a 0.08-acre lot. The asking price of $124,900 includes all existing equipment and real estate, offering a turnkey business acquisition. This well-established diner has served the local community for many years, providing a solid foundation for a new owner. While some cosmetic updates may enhance the property's appeal, the existing infrastructure and equipment are in place, minimizing initial investment requirements. The property's prime location and established clientele base make it an attractive proposition for both seasoned restaurateurs and first-time business owners seeking a profitable venture. The opportunity to acquire a fully operational business, including land and equipment, at a competitive price point, makes this a truly compelling investment. This is a chance to own a piece of Ashley's history and shape its future. Serious inquiries are encouraged.
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Deano's Diner Restaurant
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Deano's Diner LLC 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
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.