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Property profile & analytics
OFF-MARKET
Bowling alleys

50 Westgate Dr Wheatfield, IN 46392-7202

19,712 SF 1.59 ac lot Built 2009
Entity Owned 1-yr Hold Free & Clear
Property ID
US31-1380423
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully operational, 19,000 square foot bowling alley in Wheatfield, Indiana. Currently operating at 100% occupancy as Wheatfield Lanes, the property boasts twelve state-of-the-art bowling lanes, a large arcade, three private party rooms, ample seating, a computer room, manager's office, storage areas, restrooms, a locker area, and a dedicated eating space. Mackie's Place, an on-site bar and kitchen with an outdoor patio, adds to the revenue streams. A full liquor license is included in the sale if the property continues to operate as a bowling alley. The building is well-maintained and presents excellent potential for continued operation as a thriving entertainment venue or for redevelopment into an alternative use. Conveniently located in Wheatfield, Indiana, the property enjoys proximity to major roadways (easy access via I-65) and is surrounded by local amenities including a health center, restaurants, and other businesses. The property's strategic location offers significant advantages for both continued operation and potential redevelopment. The asking price is $725,000. Detailed financial information is available upon request.

Property profile
Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 2009
Construction WOOD
Total area 19,712 SF
Lot 1.59 ac (69,173 SF)
APN 37-16-25-000-053.023-034
UPID US31-1380423
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
Current use
Occupant on record · Public records
  • Wheatfield Lanes Bowling Alley
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
Dbcb Property LLC · 1 yrs held
Dbcb Property LLC
since 2025
3 recorded transactions
2025
Price N/A
2017
$386,000
2017
$382,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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