822 N Illinois St - Restaurant FOR SALE


Indianapolis, IN 46204- North Meridian
$2,750,000 USD
317-431-2969
822 N Illinois St, Indianapolis, IN for Sale
$2,750,000 USD
Restaurant - FOR SALE
1/58
null | Request Cap Rate

822 N Illinois St
Indianapolis, IN 46204
North Meridian


HIGHLIGHTS

  • Sale includes real estate, business, liquor license, events venue and all equipment
  • 150 Guest capacity outdoor venue with stage in addition to restaurant capacity
  • 4660 +/- Sq ft of gross building area
  • 0.36 +/- Acres with site improvements
  • Multiple finance options
  • Prime location & loyal experienced, and knowledgeable staff

OVERVIEW

SUBJECT IS COMPRISED OF THREE CONTIGUOUS PARCELS SITUATED ON THE NEAR NORTH SIDE OF INDIANAPOLIS JUST NORTH OF DOWNTOWN AREA WITH MAILING ADDRESSES OF 822 N ILLINOIS STREET AND 815 & 817 MUSKINGUM STREET. THE SUBJECT CONSISTS OF A TRACT OF LAND CONTAINING APPROXIMATLEY 0.36 +/- ACRES AND IS IMPROVED WITH TWO STRUCTURES THAT ARE CURRENTLY FUNCTIONING AS DOWTOWN OLLY'S AND BACKYARD AT OLLY''S. PER PUBLIC RECORD, THE BUILDINGS CONSIST OF A RESTAURANT AND BAR ALONG ILLINOIS STREET AND AN EVENT VENUE WITH A COVERED PATIO AREA ALONG MUSKINGUN STREET CONTAINING 4,600 +/- SQUARE FEET OF GROSS BUILDING AREA. SITE IMPROVEMENTS INCLUDE ASPHALT DRIVES AND PARKING, CONCRETE CURBING AND SIDEWALKS, CONCRETE BOLLARDS, WOOD PRIVACY AND WROUGHT IRON FENCING WITH MANUAL GATES, AND METAL GURADRAILS. THE SUBJECT IS ZONED CBD-2, CENTRAL BUSINESS DISTRICT TWO (PRIMARY) RC REGIONAL CENTER SECONDARY ZONING DISTRICT. ON THE BUSINESS SIDE- DOWNTOWN OLLY'S IS A VERY PROFITABLE, ESTABLISHED AND REPITABLE SAFE HAVEN WHERE EVERYONE IS WELCOME REGARDELSS OF GENDER, SEXUALITY, RACE OR BACKGROUND! FINDING A COMFORTABLE AND ACCEPTING SPACE CAN BE DIFFICULT AND DOWTOWN OLLY'S WANT TO BE THAT SPECIAL PLACE FOR ALL. WHETHER ONE VISITS TO MAKE NEW FRIENDS, LET LOOSE AND HAVE A GOOD TIME OR SIMPLY TO TAKE A BREAK AWAY FROM HOME- PEOPLE VENTURE IN TO ENJOY A DIVERSE AND LOVING COMMUNITY.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$405 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Restaurant For Sale in Downtown Indy!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

CBD-2 , RC

APN/PARCEL ID

49-11-02-226-032.000-101

ASK ABOUT THIS PROPERTY

Mark HarrisCENTURY 21 Commercial ScheetzMore Info
317-431-2969

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Mark HarrisCENTURY 21 Commercial ScheetzMore Info
317-431-2969

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.