901 Orange StAlbion, IN 46701

Property Details for 901 Orange St

Year built

1980

Construction

WOOD

Lot size

1.94 AC

Property size (Sq ft)

3,256 SF

Property type

Turn key restaurants

APN

57-13-13-100-003.000-002

APU

571313100003000002

Description

This exceptional restaurant opportunity in Albion, Indiana, presents a fully operational, turnkey establishment known as Kountry Kitchen. Priced at $395,000, this property boasts 3,258 square feet situated on a generous 1.94-acre lot, providing significant potential for future expansion. The building is a single-story structure, zoned C-1, offering flexibility for various commercial uses. The current configuration is ideal for a restaurant, complete with all necessary equipment and fixtures. The high-traffic location benefits from the proximity of public games held on adjacent land, ensuring consistent foot traffic and visibility. The asking price of $395,000 translates to $121.24 per square foot, reflecting a strong value proposition in the current market. This is a rare chance to acquire an established business with significant growth potential in a desirable location. The property is ready for immediate operation, minimizing upfront investment and maximizing return. The ample land offers significant expansion opportunities for future development. This is a truly unique opportunity for a savvy investor or restaurateur.

• CAP approach

  CAP return

  Valuation

  6%

  $900,216

  6.5%

  $830,968

  7%

  $771,614

• Comparable approach

  Method

  Valuation

  Relative Method

  $350,967

  Geo Method

  $161,559

• Alternative Use

  Use

  Valuation

  Residential

  $700,953

  Hospitality

  $642,069

  Educational

  $534,194

  Medical

  $552,566

  Retail

  $830,968

Location Insight

City

Albion

County

Noble

State

Indiana

Latitude

41.4083

Longitude

-85.4243

CBSA code

28340

CBSA name

KENDALLVILLE, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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