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Mel's Downtown 215 E State St 1,075 SF Retail Building Morocco, IN 47963 $199,000 ($185.12/SF)
Investment Highlights
- established client base over 23 years
- open plan
- downtown location
Executive Summary
TURNKEY, FULLY OPERATIONAL RESTAURANT OPPORTUNITY! Step into an established restaurant business that is ready for its next owner. This turnkey operation offers an opportunity to continue serving customers from day one, with the restaurant remaining open and fully operational throughout the marketing and sale process. Equipment, fixtures, furnishings, and established infrastructure are included, providing a seamless transition for an owner-operator or investor. Whether you're an experienced restauranteur or looking to enter the industry, this is an excellent opportunity to acquire an operating business with established customer base without starting from scratch. Showings are available through an agent to minimize disruption to ongoing business operations. PLEASE DO NOT APPROACH THE EMPLOYEES OR MANAGEMENT DIRECTLY REGARDING THE SALE
Taxes & Operating Expenses (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$32,233,875
|
$29,985.00
|
| Operating Expenses |
$82,641,700
|
$76,876.00
|
| Total Expenses |
$114,875,575
|
$106,861.00
|
Taxes & Operating Expenses (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $32,233,875 |
| Annual Per SF | $29,985.00 |
| Operating Expenses | |
|---|---|
| Annual | $82,641,700 |
| Annual Per SF | $76,876.00 |
| Total Expenses | |
|---|---|
| Annual | $114,875,575 |
| Annual Per SF | $106,861.00 |
Property Facts
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,075 SF
Building Class
C
Year Built/Renovated
1900/1975
Price
$199,000
Price Per SF
$185.12
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.08 AC
Zoning
C - commercial
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
Mel's Downtown | 215 E State St