Property profile

51425 State Rd 19 Elkhart, IN 46514

OFF-MARKET
Turn key restaurants
Property ID
US31-0599660
3,000 SF 0.9 ac lot Built 2013
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2013
Construction WOOD
Total area 3,000 SF
Lot 0.9 ac (39,248 SF)
Zoning code ZO01
APN 20-02-17-251-004.000-026
UPID US31-0599660

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

51425 State Rd 19 Elkhart, IN 46514-6119
Elkhart metro Census 1602 ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2010
Price N/A

Zoning & alternative use

ZO01 · Elkhart, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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