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    Property profile & analytics

    8381 State Rd 56 French Lick, IN 47432-9602

    • Turn key restaurants
    • 2,816 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Last Sale
    Jun 29, 2022
    Location Intelligence
    Property ID
    US31-1615710
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 8381 State Rd 56

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    2,816 SF
    Property type
    Turn key restaurants
    APN
    59-05-34-403-007.000-002
    APU
    590534403007000002

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    French Lick
    County
    Orange
    State
    Indiana
    Longitude
    -86.6132
    Latitude
    38.5593

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,060
    $59,500
    $87,600
    $147,100
    -
    $59,500
    $87,600
    $147,100

    Comparable in this City

    • Value Estimation by Request
      4,898 SF

      8638 College St

      RESTAURANT • 4,898 SF
      8638 College St, French Lick, IN 47432-1010
      View Details
    • Value Estimation
      $370,000
      2,684 SF

      8498 State Rd 56

      RESTAURANT • 2,684 SF
      8498 State Rd 56, French Lick, IN 47432-9619
      View Details
    • Value Estimation
      $275,000
      0.27 Acres

      8524 State Rd 56

      RESTAURANT • 0.27 Acres
      8524 State Rd 56, French Lick, IN 47432-9343
      View Details
    • Value Estimation
      $205,000
      3,600 SF

      570 Indiana Ave

      RESTAURANT • 3,600 SF
      570 Indiana Ave, French Lick, IN 47432-2004
      View Details
    • Value Estimation
      $355,000
      1,536 SF

      8619 Main St

      RESTAURANT • 1,536 SF
      8619 Main St, French Lick, IN 47432-1700
      View Details
    • Value Estimation
      $365,000
      4,982 SF

      452 Maple St

      RESTAURANT • 4,982 SF
      452 Maple St, French Lick, IN 47432-1083
      View Details

    Similar Nearby for Sale

    • $399,000
      9,200 SF

      French Lick Mixed-Use Building

      Prime downtown location, high visibility.
      8647 College St, French Lick, IN 47432
      View Details
    • $750,000
      4,982 SF

      Turnkey Restaurant/Bar in French Lick

      Fully equipped restaurant/bar with liquor license in tourist area.
      452 S Maple St, French Lick, IN 47432
      View Details
    • $150,000
      0.14 Acres

      Downtown French Lick Redevelopment Opportunity

      Two-story, 4,800+ sq ft building near French Lick Resort.
      8638 W College St, French Lick, IN 47432
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    • $150,000
      0.14 Acres

      Downtown French Lick Redevelopment Opportunity

      Two-story building near French Lick Resort with redevelopment potential.
      8638 W College St, French Lick, IN 47432
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    • $379,000
      0.15 Acres

      Prime Mixed-Use Commercial Building

      Visible commercial building in French Lick with mixed-use potential.
      8647 W College St, French Lick, IN 47432
      View Details
    • $379,000
      0.15 Acres

      Prime Commercial Building in French Lick

      Visible commercial building in downtown French Lick, suitable for mixed-use.
      8647 W College St, French Lick, IN 47432
      View Details
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    French Lick, IN 47432-9602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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