600 Roosevelt Rd Walkerton, IN 46574-1218
This exceptional commercial property, located at 600 Roosevelt Road in the heart of Walkerton, Indiana, presents a unique investment opportunity. The main building houses a well-established cafe, complete with the majority of its fixtures, creating a turnkey business opportunity for a new owner. The charming interior of the cafe is ready for immediate operation. Adding to the property's value are three apartments situated above the cafe. Two of these apartments are currently rented, boasting a strong rental history, providing a consistent stream of passive income. The third apartment is currently undergoing renovations, presenting an opportunity to increase rental income upon completion. The property sits on a 0.08-acre lot, offering a prime downtown location with high visibility and foot traffic. This is an ideal investment for an entrepreneur seeking a profitable business venture combined with a reliable rental income stream. The asking price for this combined commercial and residential property is $259,000. The established cafe and the strong rental history of the apartments make this a compelling investment opportunity in a desirable downtown location. Serious inquiries are encouraged to explore this promising venture further. The property's size is not specified in the provided information.
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Corner Cup Cafe Restaurant
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Secure Insurance Agency IN Insurance Agency
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.