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Fully Built-Out Restaurant- Highland, IN 2904 45th St 4,144 SF Retail Building Highland, IN 46322 $699,000 ($168.68/SF)
INVESTMENT HIGHLIGHTS
- Restaurant and Real Estate for sale in Highland, IN
- Located on heavily traveled 45th Street
- 3-way Liquor license included in sale
- Popular landmark restaurant- serving Highland Since 1947 with strong following
- Top 75 percentile for total restaurant visits in Indiana per Placer AI
- Additional revenue potential by leasing the upstairs apartment
EXECUTIVE SUMMARY
An established dining landmark, The Town Club Restaurant & Lounge is now available for purchase in Highland, Indiana. Situated on the highly traveled 45th Street corridor, this iconic restaurant has been a community staple since 1947. Known for its signature hand-cut steaks and one of the region’s most popular martinis, The Town Club offers a rich legacy and loyal customer base.
The property has benefited from significant capital improvements over the past seven years, including a new roof, HVAC system, boiler, kitchen equipment, and water heater. The sale includes both the real estate and the business, providing a turnkey opportunity for new ownership.
Adding to its value, the property features a spacious 2-bed, 2-bath apartment above the restaurant. Currently vacant, it offers an excellent opportunity for additional rental income or on-site owner occupancy
The property has benefited from significant capital improvements over the past seven years, including a new roof, HVAC system, boiler, kitchen equipment, and water heater. The sale includes both the real estate and the business, providing a turnkey opportunity for new ownership.
Adding to its value, the property features a spacious 2-bed, 2-bath apartment above the restaurant. Currently vacant, it offers an excellent opportunity for additional rental income or on-site owner occupancy
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
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-
|
| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,144 SF
Building Class
B
Year Built
1947
Price
$699,000
Price Per SF
$168.68
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.54 AC
Zoning
Commercial
Parking
38 Spaces (9.17 Spaces per 1,000 SF Leased)
Frontage
80’ on 45th Street
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 45-07-33-203-005.000-026 | Improvements Assessment | $89,000 |
| Land Assessment | $99,900 | Total Assessment | $188,900 |
PROPERTY TAXES
Parcel Number
45-07-33-203-005.000-026
Land Assessment
$99,900
Improvements Assessment
$89,000
Total Assessment
$188,900
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Fully Built-Out Restaurant- Highland, IN | 2904 45th St
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