2834 S State Road 66, Marengo, IN 47140

Property Details for 2834 S State Road 66

Year built

1947

Construction

WOOD

Lot size

1.14 lot acres

Property type

Grocery and convenience stores

APN

13-07-36-435-001.000-013

APU

130736435001000013

Description

This exceptional Marengo, IN property offers a unique blend of business ventures on 1.14 acres. Currently operating as a family-owned restaurant and a 5-lane indoor axe throwing venue housed in a newly renovated 30 x 40 pole barn, this established business includes catering services for a major local warehouse. The property's history includes operation as a convenience store and fuel center, with USTs in compliance and new anodes installed in 2017, presenting the possibility of resuming these operations. An outdoor seating area connects the restaurant and axe throwing venue, allowing alcohol service throughout. The sale includes all real estate, plus $90,000 worth of equipment and inventory, for a total price of $300,000. The property's prime location, just 5 minutes from I-64 and within 10 minutes of popular attractions like Marengo Cave, Cave Country Canoes, and Sycamore Springs, ensures high visibility and accessibility. The property has been surveyed into three separate tracts, allowing for flexible purchase options. Further expansion opportunities exist with an additional commercial/residential building and approximately 1 acre of land across the street (separate sale at $135,000, survey pending), currently leased until September 2024. The possibilities are vast, including continued operation of the existing businesses, restarting the convenience store, or developing residential or rental spaces.

Location Insight

City

Marengo

County

Crawford

State

Indiana

Longitude

-86.351

Latitude

38.295

Property Tax & Assessments