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Property profile & analytics
OFF-MARKET
Residential income homes

600 Roosevelt Rd Walkerton, IN 46574-1218

4,976 SF 0.08 ac lot Built 1920
Individually Owned Free & Clear
Property ID
US31-1754757
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1920
Construction WOOD
Total area 4,976 SF
Lot 0.08 ac (3,630 SF)
APN 71-16-24-310-001.000-015
UPID US31-1754757
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Corner Cup Cafe Restaurant
  • Secure Insurance Agency IN Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Larry Scott Banks
Larry Scott Banks
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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