200 Chestnut StSeymour, IN 47274

Property Details for 200 Chestnut St

Year built

1900

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

4,400 SF

Property type

Retail space

APN

36-66-17-318-016.000-009

APU

366617318016000009

Description

This exceptional investment opportunity presents a well-established, 4,400 square foot commercial building situated on a 0.07-acre corner lot in the heart of Seymour, Indiana, at the intersection of South Chestnut Street and US Highway 50. The property boasts a long-standing, successful family-owned business – Larrison's Diner – a beloved 50's-style establishment celebrating its 50th anniversary. The two-story brick building, constructed in 1900, offers significant income potential from the main tenant and additional commercial lease space. A second-floor apartment provides further versatility and income streams. The sale includes all existing equipment, allowing for a seamless transition for the new owner. This turnkey operation presents a rare chance to acquire a profitable, established business with significant historical value in a high-traffic location. The property's prime location ensures high visibility and accessibility, making it an ideal investment for both seasoned entrepreneurs and those seeking a stable, income-generating asset. The building's solid construction and established tenant base offer a strong foundation for continued success and growth. Don't miss this unique opportunity to own a piece of Seymour's history and secure a thriving commercial enterprise.

• CAP approach

  CAP return

  Valuation

  6%

  $797,857

  6.5%

  $736,484

  7%

  $683,878

• Comparable approach

  Method

  Valuation

  Relative Method

  $954,455

  Geo Method

  $954,455

• Alternative Use

  Use

  Valuation

  Residential

  $621,251

  Hospitality

  $569,063

  Educational

  $473,454

  Medical

  $489,736

  Retail

  $736,484

Location Insight

City

Seymour

County

Jackson

State

Indiana

Latitude

38.9569

Longitude

-85.8899

CBSA code

42980

CBSA name

SEYMOUR, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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