200 Chestnut StSeymour, IN 47274

For Sale
$509,000

Established Diner, Multi-Tenant Building, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a thriving, 50-year-old, family-owned 1950s-style diner located in the heart of Seymour, Indiana. The property, situated on a corner lot at the intersection of South Chestnut Street and US Highway 50, boasts a prime downtown location with high visibility and significant foot traffic. The main tenant, Larrison's Diner, occupies 4,400 square feet of a two-story brick building constructed in 1900. The building offers additional commercial lease space and a second-floor apartment, providing diverse income streams. All equipment is included in the sale price of $509,000. This multi-tenant property presents a unique blend of established business and significant rental potential, making it an attractive investment for both seasoned and aspiring entrepreneurs. The building's historical charm combined with its strategic location and the success of the existing diner create a compelling opportunity for continued growth and profitability. The property's size and layout offer flexibility for future expansion or adaptation to meet evolving market demands. This is a rare chance to acquire a well-established business with significant upside potential in a desirable Indiana community. The property is ready for a new owner to continue its legacy of success.

Highlights

  • $509,000 asking price for a mixed-use retail business and building.
  • 4,400 square feet of commercial space.
  • Located in downtown Seymour, Indiana at 200 S Chestnut St, on a corner lot.
  • Includes the established Larrison's Diner, a 50-year-old business.
  • Features additional commercial lease space and a second-floor apartment.
  • Two-story brick building built in 1900.

Property Details for 200 Chestnut St

Property type
Other retail properties, Other mixed-use properties
Square Feet
4,400 SF
Year Built
1900

Location Insight

City
Seymour
County
Jackson
State
Indiana
Latitude
38.956833145684
Longitude
-85.889915067487
200 Chestnut St, Seymour, Indiana

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200 Chestnut St
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