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Property profile & analytics
OFF-MARKET
Retail space

8720 State Rd 58 Norman, IN 47264-9703

1,934 SF 0.66 ac lot Built 1991
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US31-1702472
Property summary
AI-generated overview

This exceptional opportunity presents the chance to acquire a well-established restaurant and its accompanying building in the charming town of Norman, Indiana. Located at 8720 W State Road 58, this property boasts a 0.66-acre lot and offers a turnkey operation ready for immediate income generation. Mom's Cafe, a beloved local eatery, has cultivated a strong and loyal customer base over many years, built on a reputation for its delicious home-style cooking. The sale includes the entire building, providing a significant advantage for the new owner. All necessary kitchen equipment and dining room furnishings are included in the sale price of $120,000, eliminating the need for significant upfront investment in equipment. This presents a rare opportunity to step into an existing, profitable business with an established customer base and a ready-made infrastructure. The property's prime location on State Road 58 ensures high visibility and accessibility for both local residents and travelers. This is an ideal investment for an experienced restaurateur looking to expand their portfolio or a first-time owner seeking a proven business model. The combination of a thriving restaurant and a well-maintained building makes this a truly unique and attractive proposition. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is offered at $120,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1991
Construction WOOD
Total area 1,934 SF
Lot 0.66 ac (28,750 SF)
APN 36-63-16-201-029.000-010
UPID US31-1702472
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
  • Howder Arms, LLC Gun Shop Archery Store
  • Mom's Cafe 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
Darlene Mcmahon · 4 yrs held
Darlene Mcmahon
since 2021
4 recorded transactions
2022
Price N/A
2021
Price N/A
2020
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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