Property profile

717 Massachusetts Ave Matthews, IN 46957

OFF-MARKET
Other commercial real estate
Property ID
US31-2450892
1,760 SF 0.22 ac lot Built 1900
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

The property at 717 Massachusetts Avenue in Matthews, Indiana is configured as a restaurant and cafe space with a front-of-house dining area and counter service. The interior includes an ADA-accessible restroom and a service area featuring a main counter with cash register and display case, as well as a handwash area. The back-of-house is equipped with a full commercial-grade kitchen including stainless steel work tables and cooking equipment such as a range and griddle, served by a fire-protection commercial hood. Supporting spaces include polished concrete floors, separate dry storage, and a rear warehouse/storage area with egress. The building has had improvements including a replaced metal roof and updated mechanical systems such as the furnace and A/C, along with a water softener. The property is accessed via nearby routes including Wheeling Pike, SR 26, and I-69, and is located near Taylor University and the Town of Upland.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction WOOD
Total area 1,760 SF
Lot 0.22 ac (9,627 SF)
APN 27-16-03-203-138.000-012
UPID US31-2450892

Cap rate & NOI

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

Location

717 Massachusetts Ave Matthews, IN 46957
Matthews metro Census 10700 MARION, IN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$60k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$65k

Owner & transaction history

since 2023
Last sale
$30,000
4 recorded transactions
2023
Price N/A
2021
$20,001
2019
Price N/A
2015
$30,000

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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