21 Guion St Marshall, IN 47859
This exceptional 3,040 square foot commercial property, situated on a 0.07-acre lot at 21 E Guion Street in Marshall, Indiana, presents a unique investment opportunity. Previously a well-loved local restaurant, this building boasts a prime location in Parke County, attracting a consistent flow of visitors drawn to nearby attractions including Turkey Run State Park, Rockville Lake, Raccoon Lake, and Lake Waveland. The building's established history as a popular eatery provides a strong foundation for a new owner to build upon. The sale includes most of the equipment shown in the provided photographs, significantly reducing start-up costs for a new restaurant or similar venture. The substantial square footage offers ample space for a restaurant operation, and the upstairs area presents additional potential for revenue generation. This space could be developed into residential accommodations for overnight guests, or potentially converted into owner-occupied living space, subject to necessary approvals from the county zoning board and/or the town of Marshall. This property is ideally positioned to capitalize on the consistent tourism in the area and offers a compelling opportunity for an entrepreneur seeking to establish a thriving business in a picturesque setting. The asking price for this turnkey opportunity is $75,000.
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
No recorded transactions found for this property.
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.