503 W Main Street, Butler

$349,000

0 Bed
2 Baths
62,291 Sqft
1.43 Acres
0 Garage

Great Investment Opportunity with multiple diverse income sources. The property is 1.43 acres that is commercially zoned and includes a 48'x58', 2,784 sq. ft. retail/restaurant building. Half of the building currently has a well established very successful Nationally Branded Sandwich Business which has been in business for 28 years. The franchise is part of the sale contingent upon approval. The vacant half of the building is ready for remodeling to hold a retail shop, coffee shop or many other uses. Also located on the property is a very well maintained 14'x66' manufactured home and 15'x22' garage that has a good rental history. The property is located on a major highway in a very high traffic area with retail businesses all around it. There is much of the 1.43 acre corner lot that is currently unused lawn area that could be further developed for additional buildings, etc. Address is 503, 503 1/2 & 505 W. Main St., Butler (There are 3 separate addresses at this parcel).

Essential Information
MLS® #202139682
Price$349,000
Bathrooms2.00
Square Footage62,291
Acres1.43
Year Built1920
TypeCommercial
Sub-TypeRestaurant/Bar
StatusActive
Community Information
Address503 W Main Street
SubdivisionNone
CityButler
CountyDekalb County
StateIndiana
Zip Code46721
Amenities
FeaturesPublic Restrooms
Parking Spaces25
ParkingPaved, Lot
Interior
InteriorBlock, Concrete, Drywall, Wood
HeatingGas, Forced Air
CoolingCentral Air
# of Stories1
BasementSlab, Crawl
Exterior
ExteriorMetal, Vinyl
RoofShingle, Flat
ConstructionNot Applicable
Additional Information
Days on Market284
ZoningC1
HOA Fees0.00
Listing Details
AgentAndrew Jagoda
OfficeWible Realty
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Listing information last updated on July 2nd, 2022 at 3:23am EDT.