2285 State Road 67Paragon, IN 46166

For Sale
$1,300,000

Established Bar & Grill, Two Homes

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional Paragon, Indiana, investment opportunity presents a thriving Trackside Bar & Grill, a local favorite, boasting 4,800 square feet on a 0.32-acre lot (APN: 551218290003000019). The bar and grill, updated in 2022, features a modern design including cool overhead garage doors, a billiard room, and a karaoke area, complemented by outdoor seating. Currently generating $6,000 in monthly revenue, the business benefits from its established clientele and strong community presence. Adding to the investment potential are two included residential homes, currently leased for a combined $2,000 per month. The kitchen area is equipped with sprinklers. Note that the sale excludes existing memorabilia, signs, and personal items. The asking price is $1,300,000, translating to $270.83 per square foot. While there are no formal leases in place with the current bar tenants, the residential tenants are expected to remain. Showings require prior scheduling and adherence to respectful viewing protocols. This property is a turnkey operation with significant upside potential for a savvy investor. The property is located at 2285 S State Road 67 Rd, Paragon, IN 46166.

Highlights

  • Asking Price: $1,300,000
  • Retail property totaling 4,800 square feet
  • Price per square foot: $270.83
  • Single-story building on a 0.32-acre lot
  • Located at 2285 S State Road 67 Rd, Paragon, IN 46166 (APN: 551218290003000019)

Property Details for 2285 State Road 67

Property type
Other retail properties, Retail properties
Square Feet
4,800 SF
Stories
1
Lot Size (sq. ft)
13,939 SF

Location Insight

City
Paragon
County
Morgan
State
Indiana
Latitude
39.3942233
Longitude
-86.5608332
2285 State Road 67, Paragon, Indiana

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2285 State Road 67
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