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Property profile & analytics
OFF-MARKET
Retail space

202 State St Ashley, IN 46705-5220

2,495 SF 0.08 ac lot Built 1900
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US31-1092414
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction WOOD
Total area 2,495 SF
Lot 0.08 ac (3,485 SF)
APN 17-02-06-226-016.000-019
UPID US31-1092414
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
  • Deano's Diner Restaurant
  • Deano's Diner LLC 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
Dean A Shipe · 1 yrs held
Dean A Shipe
since 2024
7 recorded transactions
2024
Price N/A
2017
Price N/A
2016
Price N/A
2012
Price N/A
2010
$30,000
2009
$20,000
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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