124 Main St 6,404 SF 100% Leased Retail Building Vincennes, IN 47591 $390,000 ($60.90/SF)

INVESTMENT HIGHLIGHTS

  • Downtown Location
  • Multi- Use Space
  • Potential Income Generator
  • Beautiful Interior
  • Office Space

EXECUTIVE SUMMARY

Here is your chance to own one of the best locations in downtown Vincennes!? Located?on Indiana's first main street, this building has a lot of potential.? The sale of this property includes the Vincennes Brewing Company, the only licensed Indiana small brewery within 50 miles.? The sale would include all Brewing equipment, Bar Equipment, Walk in Cooler in the basement, Tap system, Refrigerators, Water Filtration system, and Fixtures.? VBC currently is a functioning business and will remain open while this building is being offered for sale.? There is another functioning hair salon on a month to month lease that is added rental income to your day to day operations.? This property has a 3rd floor office space, another separate?party room, and a shower room on the 2nd floor, not included in the 5 other bathrooms on this property.? Finally, the potential for expansion is wide open, as the 3rd and 4th floor above the salon are open canvases, with exposed brick walls and windows overlooking Patrick Henry Square, George Rogers Clark Memorial, and the Old Cathedral Church.? This large building has a lot to offer, and the opportunity of owning a great functioning Downtown Vincennes Night life?stop! Not included in the sale, but can be transferred?are the leased items: Touchtunes jukebox, Dartboards, Golden Tee Golf, Pinball and arcade machines.

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
6,404 SF
Year Built
1890
Price
$390,000
Price Per SF
$60.90
Percent Leased
100%
Building Height
4 Stories
Building FAR
1.34
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
C2 - Central Business District
Walk Score®
Very Walkable (71)

NEARBY MAJOR RETAILERS

Regions Bank
German American Bank
Old National Bank
Old Chicago Pizza + Taproom
CrossFit
JayC Food Stores

PROPERTY TAXES

  • Listing ID: 31611520

  • Date on Market: 4/25/2024

  • Last Updated:

  • Address: 124 Main St, Vincennes, IN 47591