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Property profile & analytics
OFF-MARKET
Retail space

24 State St Kingman, IN 47952-5229

6,600 SF 0.1 ac lot Built 1920
Individually Owned 2-yr Hold Free & Clear
Property ID
US31-2461092
Property summary
AI-generated overview

This exceptional turn-key restaurant opportunity is located at 24 E State Street in the heart of Kingman, Indiana. The property consists of a two-story, freestanding building situated on a 0.2-acre lot. This beautifully renovated, historic building is move-in ready, offering immediate potential for a new owner. Recent extensive renovations include a complete overhaul of the bathrooms, dining room, and kitchen. Further improvements encompass new windows, a new HVAC system, new plumbing, completed tuckpointing, and a new electrical system. The fully equipped kitchen boasts a comprehensive array of operational appliances, including a fire suppression system, salad bar, cooling tables, gas fryer, coolers, freezers, ice machine, soda machine, and all necessary tables and chairs. The restaurant holds a current Health Department certification and is connected to all public utilities. The upper floor presents significant potential for conversion into additional living space or a secondary business, adding considerable versatility to this already impressive offering. Priced at $199,900, this is a rare chance to acquire a well-established, fully operational restaurant in a prime location. The property is ready for immediate operation, allowing a new owner to focus on building their business from day one.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction WOOD
Total area 6,600 SF
Lot 0.1 ac (4,225 SF)
Zoning code KINGM
APN 23-15-25-321-034.000-021
UPID US31-2461092
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Jeremy P Brown · 2 yrs held
Jeremy P Brown
since 2023
2 recorded transactions
2023
Price N/A
2023
Price N/A
Zoning & alternative use
KINGM · Kingman, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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