Elwood, IN Restaurants for sale

Updated: Dec 10, 2025

Three-Level Storefront Building

114 S Anderson Street, Elwood, IN 46036

$164,900

4,884 sqft

4,884 square feet across three levels
Ground floor retains a coffee shop and bar setup
Middle floor has storage areas or small offices
Top floor features an open room with hardwood flooring
Commercial zoning in downtown Elwood

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Scored against comparables nationwide. These are worth a look.

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Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 1 Active listings in Elwood, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 14 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Restaurant Building on Corner Lot

500 Broadway, Anderson, IN 46012

$450,000

4,804 sqft 1.85 AC lot

B-2 zoning supports a range of business uses beyond the existing restaurant occupancy.

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Freestanding Restaurant Building

287 South 00ew, Kokomo, IN 46902

Contact for pricing

10,435 sqft 2.44 AC lot

Freestanding former restaurant building on a 2.44-acre site with parking and included built-in restaurant fixtures.

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Restaurant Building

500 Broadway, Anderson, IN 46012

$450,000

1.85 AC lot

Furniture, fixtures, and equipment are included with the property.

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Kokomo Retail/Restaurant Opportunity For Sale

408 E Center Rd, Kokomo, IN

Contact for pricing

4,184 sqft 0.66 AC lot

Retail or restaurant property for sale in Kokomo, Indiana.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

B-3 Commercial Land Assemblage

241 N Scatterfield Road, Anderson, IN 46012

$2,700,000

21.55 AC lot

Four parcels offer separate acquisition options with natural gas availability and public sewer service.

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Commercial Land for Development

University Boulevard, Anderson, IN 46012

$812,000

8.12 AC lot

B-3 zoning supports a planned neighborhood shopping center, with public sewer available.

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C-3 Zoned Development Land

8440 E 216th Street, Cicero, IN 46034

$700,000

4.53 AC lot

4.53-acre Hamilton County site zoned C-3, including a residence plus horse barn and pasture.

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B-4 Commercial Land

18th Street, Anderson, IN 46016

$50,000

0.45 AC lot

Three-parcel commercial site with B-4 General Business zoning and public sewer.

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Off-Market Properties in Elwood, IN

Consider similar Off-Market properties in Elwood, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.