South Whitley, IN
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    South Whitley, IN Restaurants for Sale

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    Columbia City, IN Sidney, IN Larwill, IN
    Remodeled Retail Building in Downtown
    $110,000
    1,260 SF
    Remodeled Retail Building in Downtown

    110 S State Street, South Whitley, IN 46787

    Charming, updated commercial building in South Whitley's heart.
    • Fully remodeled 1,260 sq ft commercial building in downtown South Whitley.
    • Suitable for various uses: coffee shop, restaurant, office, or retail.
    • Features tall ceilings and abundant natural light.
    • Includes a modern restroom and a clean, dry basement for storage.
    • Convenient rear entrance for deliveries or staff.
    Updated: Jan 11
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    Restaurant and Home Combo
    $225,000
    0.11 Acres
    Restaurant and Home Combo

    101 N State Street, South Whitley, IN 46787

    Restaurant and residential property package in South Whitley, Indiana.
    • Rare opportunity: Own a fully equipped, established restaurant (Carol's Corner Drive‑In) and a separate 4‑bedroom home in one package.
    • Restaurant includes valuable equipment: Electrofreeze ice cream and slushie machines, Fry Master fryers, Vulcan‑Hart grill, and more.
    • The 2,591 sq ft residence features 4 bedrooms, 2 bathrooms, original hardwood floors, and main‑floor laundry.
    • Ample parking available for the restaurant, plus an attached 1‑car garage and a large detached garage for the residence.
    • Restaurant has a welcoming covered seating/play area and includes the iconic 1989 Volkswagen 'Burger Buggy'.
    Updated: May 27, 2025
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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 Active listings in South Whitley, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 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.

    Silver Lake B&K Drive-In
    $149,900
    0.42 Acres
    Silver Lake B&K Drive-In

    Turn-key restaurant opportunity in Silver Lake, Indiana.

    606 N Jefferson St, Silver Lake, IN 46982

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    Silver Lake Restaurant Opportunity
    Contact for pricing
    0.13 Acres
    Silver Lake Restaurant Opportunity

    Restaurant in Silver Lake, IN, ready for new ownership.

    106 S Jefferson Street, Silver Lake, IN 46982

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    Restaurant Property For Sale
    $3,125,000
    4,745 SF
    Restaurant Property For Sale

    Restaurant property for sale, currently occupied by Applebee's.

    346 Hauenstein Road, Huntington, IN 46750

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    Restaurant/Bar Opportunity in Huntington, IN
    $950,000
    0.81 Acres
    Restaurant/Bar Opportunity in Huntington, IN

    Restaurant/bar property for sale, prime location near Applebee's and cinema.

    2807 Hotel Drive, Huntington, IN 46750

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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.

    Prime Commercial Development Opportunity
    $849,900
    2.28 Acres
    Prime Commercial Development Opportunity

    2.28-acre commercial development parcel in Warsaw, Indiana.

    Escalade Way, Warsaw, IN 46580

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    Commercial Land in Prime Location
    $459,900
    2.23 Acres
    Commercial Land in Prime Location

    2.23 acres of commercial land in Huntington, Indiana.

    Walmart Drive, Huntington, IN 46750

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    Commercial Corner Lot in Webster
    $198,000
    1.79 Acres
    Commercial Corner Lot in Webster

    Prime commercial property with high traffic volume and road frontage.

    504 & 518 S Main Street, North Webster, IN 46555

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    Commercial Corner Lot in Warsaw
    $725,000
    1.50 Acres
    Commercial Corner Lot in Warsaw

    Commercial land with high visibility and traffic in Warsaw, IN.

    0 Sheldon Road, Warsaw, IN 46582

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    Off-Market Properties in South Whitley, IN

    Consider similar Off-Market properties in South Whitley, 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.

    8400 State Rd 14
    RESTAURANT
    3,000 SF Lot: 1.88 Acres
    Value Estimation by Request

    8400 State Rd 14, South Whitley, IN 46787-9691

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    706 State St
    RESTAURANT
    1,428 SF Lot: 0.52 Acres
    Value Estimation by Request

    706 State St, South Whitley, IN 46787-1418

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    101 State St
    RESTAURANT
    450 SF Lot: 0.11 Acres
    Value Estimation by Request

    101 State St, South Whitley, IN 46787-1385

    View details

    South Whitley, IN Restaurants Market Trends and Statistics

    Explore 5 restaurants for sale in South Whitley, IN on our real estate platform. These investment opportunities span a total of 1,260 square feet of properties for sale, with an estimated market value of $110,000.

    Sale prices for restaurant properties in South Whitley, IN start at $110,000, averaging $110,000, and reaching up to $110,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Drive through restaurants 1

    Demographics Overview

    Population 4,144
    Population Growth (5Y) +11.0%
    Median Household Income $70,030
    College Educated 24.5%

    High-Yield Neighborhoods for Investment

    Identify South Whitley submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46787 $167.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.53%
    Property Tax per SF $38.68 per SF
    Tax Rate vs County Average 0.66 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Whitley County

    New Delisted

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