24 State St Kingman, IN 47952-5229
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.
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
Property description
Physical attributes from public recordsZoning & alternative use
KINGM · Kingman, INCosts & 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.