Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    389 A NE St Linton, IN 47441-1827
    Back to Search
    Property profile & analytics

    389 A NE St Linton, IN 47441-1827

    View on Map
    • Turn key restaurants
    • 1,559 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US31-2276075
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 389 A NE St

    Year built
    1998
    Lot size
    0.17 lot acres
    Property size
    1,559 SF
    Property type
    Turn key restaurants
    APN
    28-06-23-223-001.000-018
    APU
    280623223001000018

    Description

    This exceptional turn-key business opportunity presents the chance to acquire a well-established and iconic Linton restaurant. Located on Highway 54 in the heart of Linton, Indiana, this thriving establishment boasts both indoor and outdoor seating, complemented by convenient drive-thru service. The restaurant has built a strong reputation over its 15+ years in operation, specializing in homemade ice cream, burgers, fries, shakes, and other diner favorites. A loyal customer base and proven operational systems are already in place, ensuring a smooth transition for the new owner. The sale includes the real estate, encompassing a sizable 0.34-acre lot with ample extra parking. All equipment and furnishings are included, making this a truly turnkey operation ready for immediate success. The property's prime location on a busy highway guarantees high visibility and consistent foot traffic. This is a rare opportunity to own a profitable, established business with a strong brand presence in a desirable location. The existing staff and operational systems provide a seamless transition for the new owner, minimizing disruption and maximizing immediate return on investment. Financial records are available upon request to qualified buyers. Don't miss this chance to own a piece of Linton's culinary history and secure a thriving business for years to come.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Linton
    County
    Greene
    State
    Indiana
    Longitude
    -87.1621
    Latitude
    39.0347
    CBSA code
    14020
    CBSA name
    BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,672
    $9,900
    $112,100
    $122,000
    -
    $9,900
    $112,100
    $122,000

    Comparable in this City

    • Value Estimation by Request
      3,820 SF

      State Rd 54th W

      RESTAURANT • 3,820 SF
      State Rd 54th W, Linton, IN 47441
      View Details
    • Value Estimation by Request
      1,920 SF

      13th NW St

      RESTAURANT • 1,920 SF
      13th NW St, Linton, IN 47441
      View Details
    • Value Estimation by Request
      3,884 SF

      County Rd 50th N

      RESTAURANT • 3,884 SF
      County Rd 50th N, Linton, IN 47441
      View Details
    • Value Estimation by Request
      2,400 SF

      1459 A NE St

      RESTAURANT • 2,400 SF
      1459 A NE St, Linton, IN 47441-1605
      View Details
    • Value Estimation by Request
      1,618 SF

      1100 Nn W

      RESTAURANT • 1,618 SF
      1100 Nn W, Linton, IN 47441
      View Details
    • Value Estimation by Request
      3,171 SF

      1600 A NE St

      RESTAURANT • 3,171 SF
      1600 A NE St, Linton, IN 47441-1614
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      680 SF

      New Drive-Thru Coffee Shop

      New drive-thru Scooter’s Coffee shop with long-term lease.
      2131 E State Road 54, Linton, IN 47441
      View Details
    • Contact for pricing

      Established Donut Shop For Sale

      Turnkey donut shop with drive-through in a busy location.
      Unknown, Linton, IN 47441
      View Details
    • $350,000
      0.50 Acres

      Turnkey Trading Post Business Opportunity

      Fully operational retail business specializing in outdoor recreation and equipment sales.
      14978 W 50 N, Linton, IN 47441
      View Details
    • $149,900
      1,680 SF

      Turnkey Commercial Space in Linton

      Secure, flexible, and move-in ready commercial space with income potential.
      390 S Main St, Linton, IN 47441
      View Details
    • New
      $130,000
      0.06 Acres

      Historic Retail Building on Main

      Charming historic building ready for its next chapter.
      12 N Main St St, Linton, IN 47441
      View Details
    • $435,000
      2,310 SF

      Well-Maintained Duplex with Extra Lot

      Income-generating duplex with garages, extra lot, and desirable location.
      750 N Main St, Linton, IN 47441
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    389 A NE St
    Linton, IN 47441-1827
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    389 A NE St, Linton, IN, 47441
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!