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Property profile & analytics
OFF-MARKET
Investment properties

412 Court St Brookville, IN 47012

0.15 ac lot Built 1970
Property ID
US31-1358289
Property summary
AI-generated overview

The Pioneer Restaurant and Lounge, a well-established Brookville, Indiana landmark, presents a unique business opportunity. This beloved community fixture, known throughout the tri-state area for its famous fried chicken, boasts a loyal customer base cultivated over three decades. The current owner, having spent 20 years at the helm, is offering a complete turnkey operation, including the real estate and all necessary licenses. The spacious restaurant features a 40-seat dining area and a 21-seat bar/lounge, ensuring ample space for patrons. Recent upgrades include a brand-new furnace and air conditioner, enhancing both comfort and efficiency. The sale includes all restaurant equipment, a three-way alcohol license, and a gaming license. Current alcohol inventory is negotiable. Operating five days a week, the restaurant presents significant growth potential, particularly with the addition of breakfast service to cater to unmet community demand. The seller is committed to a smooth transition, offering training to the new owner and assisting with the transfer of established supplier accounts. This is a rare chance to acquire a profitable, well-regarded business with deep community ties and a strong reputation built on quality food and service. The 0.15-acre property is located at 412 Court Street, Brookville, IN, and is priced at $350,000.

Property profile
Verified
Property type Investment properties
Year built 1970
Lot 0.15 ac (6,534 SF)
UPID US31-1358289
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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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