50 Westgate Dr Wheatfield, IN 46392-7202
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.
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Wheatfield Lanes Bowling Alley
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & 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.