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The former Ole Hitchin Post 109 Center St 1,120 SF Retail Building Larwill, IN 46764 $325,000 ($290.18/SF)



Investment Highlights
- Restaurant equipment
- Large outdoor seating area
- Indoor seating area
- Picnic tables with umbrellas
Executive Summary
Great opportunity to own a well-known former restaurant in a high-visibility location just off US 30! Formerly home to the Ole Hitchin’ Post, this fun outdoor restaurant has undergone extensive improvements and offers an incredible setup for its next owner. The property features an expanded commercial kitchen, indoor dining area, separate ice cream building, multiple storage areas, customer and employee restrooms, and an impressive amount of restaurant equipment. Major improvements have also been made to the electrical, plumbing, gas and water lines throughout the property. One of the highlights is the abundance of outdoor seating and dining space, including a covered porch/deck area, picnic tables, umbrellas, outdoor lighting, updated landscaping, and fire-pit area. The indoor dining building has also been extensively refinished with insulation, flooring, updated lighting, ceiling fans, a newer mini-split heating and cooling system, additional storage, tables and seating. A substantial inventory of restaurant supplies and reusable serving items is also included, such as utensils, serving baskets, Coke cups, paper products and more—an added value for the next owner and a great head start toward getting up and running. This property offers an exciting opportunity for its next owner, don’t miss out!
Taxes & Operating Expenses (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$2,599,520
|
$2,321.00
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,599,520
|
$2,321.00
|
Taxes & Operating Expenses (Actual - 2026)
| Taxes | |
|---|---|
| Annual | $2,599,520 |
| Annual Per SF | $2,321.00 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $2,599,520 |
| Annual Per SF | $2,321.00 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,120 SF
Building Class
C
Year Built/Renovated
2014/2021
Price
$325,000
Price Per SF
$290.18
Building Height
1 Story
Building FAR
0.09
Lot Size
0.29 AC
Zoning
VC
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 92-02-32-500-206.908-008 | Total Assessment | $92,400 (2025) |
| Land Assessment | $26,200 (2025) | Annual Taxes | $2,599,520 ($2,321.00/SF) |
| Improvements Assessment | $66,200 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
92-02-32-500-206.908-008
Land Assessment
$26,200 (2025)
Improvements Assessment
$66,200 (2025)
Total Assessment
$92,400 (2025)
Annual Taxes
$2,599,520 ($2,321.00/SF)
Tax Year
2026
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Contact the Sale Advisor
The former Ole Hitchin Post | 109 Center St
