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Property profile & analytics
OFF-MARKET
Commercial real estate

21 Guion St Marshall, IN 47859

6,080 SF 0.07 ac lot Built 1904
Individually Owned Absentee Owner Free & Clear
Property ID
US31-2653729
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1904
Construction WOOD
Total area 6,080 SF
Lot 0.07 ac (3,000 SF)
APN 61-07-09-401-002.000-021
UPID US31-2653729
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
MARC L MYERS
MARC L MYERS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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