8747 300Fowler, IN 47944

Property Details for 8747 300

Year built

1938

Construction

WOOD

Lot size

0.90 AC

Property size (Sq ft)

3,056 SF

Property type

Retail space

APN

04-07-31-300-007.000-012

APU

40731300007000012

Description

This versatile 0.86-acre commercial property in Fowler, Indiana, presents a unique investment opportunity. Currently configured as a restaurant with a dual liquor license and entertainment stage, the property offers diverse income streams. A rentable barn adds further revenue potential, while 30-amp RV parking spaces cater to the growing demand from workers on nearby wind farm and power grid projects. The inclusion of living quarters on-site provides convenient owner occupancy or additional rental income. The existing infrastructure includes dual sump pumps for peace of mind. The property's previous owner is available to offer guidance and share insights into successful business strategies for the location. This is an exceptional chance to acquire a multi-use complex with established operations and significant upside potential. The property's diverse offerings and strategic location make it an attractive investment for entrepreneurs seeking a turnkey business or those looking to expand their existing portfolio. The opportunity to build upon the existing restaurant and entertainment aspects, while leveraging the barn and RV parking, presents a compelling path to profitability. This is a rare chance to own a well-positioned commercial property with immediate income generation and long-term growth prospects.

• CAP approach

  CAP return

  Valuation

  6%

  $1,443,704

  6.5%

  $1,332,650

  7%

  $1,237,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,003,071

  Geo Method

  $1,003,071

• Alternative Use

  Use

  Valuation

  Residential

  $1,124,140

  Hospitality

  $1,029,706

  Educational

  $856,703

  Medical

  $886,167

  Retail

  $1,332,650

Location Insight

City

Fowler

County

Benton

State

Indiana

Latitude

40.5645

Longitude

-87.4881

CBSA code

29200

CBSA name

LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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