2739 Highway Avenue, Highland, IN 46322

$600,000
Property Type: Commercial Sale Square Footage: 2,900 Lot Size (sq. ft.): 12,327 Status: Closed
Current Price: $600,000 List Date: 1/17/2022 Last Modified: 2/24/2024

Overview

Description

You can be the NEXT OWNER to carry on a PROFITABLE tradition. WELL ESTABLISHED restaurant in downtown Highland. After 21 years, owner is seeking retirement. This family friendly restaurant has been highly profitable year after year. Watch the games on one of the 11 large televisions. Full commercial kitchen and big basement with tons of storage. Walk-in cooler that keeps that draft beer ice cold. There is a two bedroom one bathroom apartment upstairs that can used for added income. Currently it is being rented to the cook as part of their agreement. This place has supported families for almost 100 years. Be the next owner to carry on this TRADITION.

Listing Details MLS# 506428

General Property Information

Living Area
2900
Building Area Source
Assessor
Year Built
1897
Lot Size Acres
0.283
Lot Size Square Feet
12327
Lot Size Dimensions
irregular
Waterfront YN
No

Property Features

Building Features: Acoustical Ceiling(s); Business District Location; Patio; Public Restrooms; Suspended Ceiling(s) Construction Materials: Frame; Vinyl Siding Cooling: Central Air Current Use: Commercial; Recreational Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Flooring: Wood; Other Foundation Details: Block Heating: Forced Air Interior Features: Elevator Listing Terms: Cash; Contract; Conventional; Owner Assisted Possession: Negotiable Possible Use: Commercial; Other Rail Availability: None Roof: Composition Special Licenses: Liquor Utilities: Cable Available; Electricity Connected; Natural Gas Available; Natural Gas Connected Water Source: Public Showing Requirements: 24 Hour Notice

Contract Information

Auction YN
No
Original List Price
624900
Property Sub Type
Mixed Use
Listing Agreement
Exclusive Right To Sell
Occupant Type
Owner

Location Tax and Legal

Street Number
2739
Street Name
Highway
Street Suffix
Avenue
County
Lake
State
IN
Postal Code
46322
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
You can be the NEXT OWNER to carry on a PROFITABLE tradition. WELL ESTABLISHED restaurant in downtown Highland. After 21 years, owner is seeking retirement. This family friendly restaurant has been highly profitable year after year. Watch the games on one of the 11 large televisions. Full commercial kitchen and big basement with tons of storage. Walk-in cooler that keeps that draft beer ice cold. There is a two bedroom one bathroom apartment upstairs that can used for added income. Currently it is being rented to the cook as part of their agreement. This place has supported families for almost 100 years. Be the next owner to carry on this TRADITION.

Status Change Information

Major Change Timestamp
2023-05-04T11:55:52Z
Major Change Type
Status Change
Status Change Timestamp
2023-05-04
Offer Acceptance Date
2022-04-27
Close Date
2023-05-04
Close Price
600000
Concessions
No
Buyer Financing
Cash

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

New Taxes Expense
3158

Showing Requirements

Showing Instructions
Please use showing assist. Listing agent must be present.

Historical Information

Public Historical Remarks
Utilities: On, Frontage Access: Public Road, Parking: Fee Parking, Roof Structure: Gable, Fire Protect: Fire Extinguishers
Listing Office: Century 21 Circle
Last Updated: February - 24 - 2024
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