51425 State Rd 19 Elkhart, IN 46514-6119
This exceptional turnkey business opportunity presents the chance to own My Dad's Place Bar & Grill, a well-established Elkhart, Indiana landmark. Located at 51425 State Road 19, this thriving establishment boasts a prime location attracting patrons from Indiana and Michigan for years. Completely rebuilt in 2013 following a fire, the property is in excellent condition and ready for immediate operation. The spacious interior features a large bar with ample seating, numerous tables, and various games, creating a lively and welcoming atmosphere. A significant asset is the three-way liquor license, which includes carryout privileges, expanding revenue streams. The property also includes a substantial kitchen, walk-in coolers, and a dedicated office space. Outdoor dining is facilitated by a comfortable patio area, perfect for enjoying drinks and meals al fresco. The 0.91-acre lot provides ample space for potential expansion or outdoor improvements. This is a rare opportunity to acquire a profitable, established business with a loyal customer base and significant growth potential. The asking price is $750,000. Financial details are available upon request. Don't miss this chance to own a piece of Elkhart's history and build upon its success.
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
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Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Elkhart, INElkhart. Always verify with local authorities before improvements.
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.