Spiceland, IN
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    Spiceland, IN Restaurants for Sale

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    Knightstown, IN New Castle, IN Kennard, IN
    Near-Complete Restaurant Development Site
    $750,000
    1,976 SF
    Near-Complete Restaurant Development Site

    5879 South State Road 3, Spiceland, IN 47385

    A 1.93-acre mixed-use lot with a 90% complete restaurant building, positioned about a half-mile from I-70 Exit 123.
    • 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
    Updated: Jun 2
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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.

    Historic Bar and Restaurant Opportunity
    $360,000
    0.70 Acres
    Historic Bar and Restaurant Opportunity

    Muncie's oldest bar with equipment, license, rental home, lot.

    1811 S Burlington Avenue, Muncie, IN 47302

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    Bar/Restaurant with Expansion Potential
    $685,000
    3,000 SF
    Bar/Restaurant with Expansion Potential

    3,000 SF bar/restaurant with liquor license and parking.

    1610 Arrow Ave, Anderson, IN

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    Turnkey Bar & Restaurant Opportunity
    Contact for pricing
    3,000 SF
    Turnkey Bar & Restaurant Opportunity

    3,000 SF bar/restaurant with expansion potential on a visible corner.

    Anderson, IN 46016

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    NNN Leased Restaurant Investment Opportunity
    $3,389,000
    5,312 SF
    NNN Leased Restaurant Investment Opportunity

    NNN leased Chili's with corporate guarantee in Muncie, Indiana.

    809 W McGalliard Rd, Muncie, IN 47303

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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
    $499,000
    5.30 Acres
    Commercial Development Land Parcel

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

    S State Road 109, Knightstown, IN 46148

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    General Business Lot Zoned B-4
    $50,000
    0.45 Acres
    General Business Lot Zoned B-4

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

    18th Street, Anderson, IN 46016

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    B-3 Zoned Commercial Land Parcel
    $812,000
    8.12 Acres
    B-3 Zoned Commercial Land Parcel

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

    University Boulevard, Anderson, IN 46012

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    Zoned Neighborhood Shopping Center Parcels
    $2,700,000
    21.55 Acres
    Zoned Neighborhood Shopping Center Parcels

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

    241 N Scatterfield Road, Anderson, IN 46012

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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
    12,090 SF Lot: 8.00 Acres
    Estimated value
    $535,000

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

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    Spiceland, IN Restaurants Investment Opportunities Market Analysis

    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 start at $750,000, averaging $750,000, and reaching up to $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%

    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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