507 Grant Ave Fowler, IN 47944-1637

This exceptional investment opportunity presents a well-maintained, three-unit multifamily property located at 507 & 505 S Grant Avenue in Fowler, Indiana, the county seat of Benton County. The property, built in 1900, boasts a total of 4,126 square feet on a spacious 0.39-acre lot (100' x 180'). The building features two fully occupied, one-bedroom, one-bathroom residential apartments upstairs, generating immediate rental income. Adding to its versatility, the property also includes a fully equipped bar and restaurant with a three-way liquor license and carry-out privileges. The restaurant area comfortably seats 100 patrons. Recent upgrades include a new roof, upgraded electrical service, a new central air/furnace system, and new carpeting. The extensive commercial kitchen equipment includes a six-burner commercial stove, fire suppression system, flat grill, charbroiler, convection oven, fryers, slicer, multiple refrigerators and freezers, walk-in freezer and refrigerator, bar equipment (including a keg cooler with three lines and soda dispensing system), prep and work tables, dining tables and chairs, barstools, and a sound system. Additional features include a 22-kilowatt emergency generator, a fenced backyard with storage sheds, and a separate fenced dumpster area. This turnkey operation offers a rare blend of residential and commercial income streams, making it an attractive investment opportunity. The asking price is $295,000, with a price per square foot of $71.50. The property's APN is 040815331012000004.