Restaurants

Spiceland, IN Restaurants for Sale

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Greensboro, IN Knightstown, IN New Castle, IN Kennard, IN Shirley, IN Wilkinson, IN Carthage, IN Charlottesville, IN
Near-Complete Restaurant Development Site
Updated: May 2
Near-Complete Restaurant Development Site

5879 South State Road 3, Spiceland, IN 47385

$750,000
1,976 sqft 1.93 AC lot
1.93‑acre commercial mixed‑use lot with a near‑complete restaurant building in Spiceland, IN
Building is 90% complete, originally designed and built for a restaurant
Less than 0.5 miles from I‑70 at Exit 123, offering convenient interstate access
Utilities hookups already on‑site, including city water, electricity, and sewer
Mixed‑use zoning supports conversion or use beyond food service, including retail, convenience, medical, or office
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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Spiceland, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

Turnkey Bar & Grill Restaurant
Turnkey Bar & Grill Restaurant

517 Locust Street, Middletown, IN 47356

$285,000
0.06 AC lot

Turnkey full-service bar and kitchen with liquor license and recent system and interior upgrades.

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Turnkey Bar and Grill with Liquor License
Turnkey Bar and Grill with Liquor License

517 Locust Street, Middletown, IN 47356

$285,000
0.06 AC lot

Turnkey bar and grill for sale with full-service bar and kitchen and an included liquor license.

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Two-Story Corner Retail and Office Building
Two-Story Corner Retail and Office Building

2155 N 700 W, Arlington, IN 46104

$199,999
0.21 AC lot

Two-story corner commercial building with street-facing retail/restaurant space and flexible second-floor use for offices or storage.

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Retail Storefront Property
Retail Storefront Property

2155 N 700 W, Arlington, IN 46104

$199,999

Retail storefront property offered for sale with GPS-friendly directions and located in Rush County.

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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.

Commercial Development Land Parcel
Commercial Development Land Parcel

S State Road 109, Knightstown, IN 46148

$499,000
5.30 AC lot

Cleared 5.3-acre parcel off an I-70 westbound exit ramp, suited for roadside commercial use pending zoning approval.

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General Business Lot Zoned B-4
General Business Lot Zoned B-4

18th Street, Anderson, IN 46016

$50,000
0.45 AC lot

Commercial 0.45-acre lot, split across three parcels, zoned B-4 General Business for flexible development use.

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B-3 Zoned Commercial Land Parcel
B-3 Zoned Commercial Land Parcel

University Boulevard, Anderson, IN 46012

$812,000
8.12 AC lot

8.12+-acre B-3 commercial parcel with University Blvd frontage and direct access from Scatterfield Road.

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Zoned Neighborhood Shopping Center Parcels
Zoned Neighborhood Shopping Center Parcels

241 N Scatterfield Road, Anderson, IN 46012

$2,700,000
21.55 AC lot

Four B-3 commercial land parcels offer flexible development options near established retail and banking tenants.

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Off-Market Properties in Spiceland, IN

Consider similar Off-Market properties in Spiceland, 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.

5800 State Rd 3rd 3
RESTAURANT

5800 State Rd 3rd 3, Spiceland, IN 47385-9706

$535,000
Estimated value
12,090 sqft 8.00 AC lot
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Spiceland, IN Restaurants Market Trends and Statistics

Explore 2 restaurants for sale in Spiceland, IN on our real estate platform. These investment opportunities span a total of 1,976 square feet of properties for sale, with an estimated market value of $750,000.

Sale prices for restaurant properties in Spiceland, IN average $750,000 — 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

Conventional restaurants 1

Demographics Overview

Population 1,700
Population Growth (5Y) +28.9%
Median Household Income $100,479
College Educated 43.4%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
47385 $750K

Taxes & Financing

Tax Rate (average for all types) 2.18%
Property Tax per SF $46.55 per SF
Tax Rate vs County Average 0.10 pp below county avg
Average Loan-to-Value 65.0%

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