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Property profile & analytics
OFF-MARKET
Commercial real estate

800 Main St Salem, IN 47167-1831

3,087 SF 0.36 ac lot Built 1920
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US31-2378789
Property summary
AI-generated overview

This exceptional business opportunity presents the chance to acquire the renowned Cheddar Depot, a thriving establishment located at 800 N Main Street in Salem, Indiana. Boasting a prime location near schools, a hospital, nursing homes, and factories, this award-winning business benefits from strong daily foot traffic. Cheddar Depot offers a diverse menu including hand-dipped ice cream, a wide selection of cheeses, fudge, candies, and deli sandwiches. All recipes, equipment, and inventory are included in the sale, ensuring a smooth transition for the new owner. The business is well-established and known for its high-quality cheeses, which are shipped nationwide. Cheddar Depot also caters to local school districts and handles event orders, providing additional revenue streams. The property includes a comfortable covered porch and a picnic area for customer relaxation. The sale encompasses both the real estate and all business assets, facilitating a seamless transfer of ownership. Please note that the adjacent ice house/white shed near the picnic area is not included in the sale. The property sits on a 0.36-acre lot. The asking price for this turnkey operation is $550,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Construction WOOD
Total area 3,087 SF
Lot 0.36 ac (15,682 SF)
APN 88-24-17-221-052.000-022
UPID US31-2378789
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
  • Cheddar Depot Restaurant
  • The Ice House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gregory L Casey · 1 yrs held
Gregory L Casey
since 2024
3 recorded transactions
2024
Price N/A
2023
Price N/A
2017
$300,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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