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Restaurant and Real Estate for Sale 50827 Princess Way 9,000 SF Retail Building Granger, IN 46530 $3,900,000 ($433.33/SF) 5.38% Cap Rate
Investment Highlights
- Real Estate and Business for Sale and will be sold together.
- Turn-Key operation with liquor license and all permits included. Full hands-on support for first 3 months after sale.
- High-End, Cash-flowing Italian restaurant with prime real estate
- Ample parking, with opportunity for expansion on 3-acre parcel.
Executive Summary
Step into a renowned fine dining Italian restaurant with a loyal customer base and stellar reviews. The sale includes a beautifully refurbished building from 2010—top-to-bottom upgrades in electric and plumbing, all wrapped in stunning red brick. Set on 3 acres of prime land, the site offers ample parking and room for expansion. Every detail is crafted, and the location is unbeatable.
This property offers incredible growth and expansion potential. With 3 acres of prime land, you can add a small strip center next to the building, further increasing the property’s value. Additionally, it’s a perfect venue for weddings and other events. Every detail inside is top-notch craftsmanship, making this a rare and versatile gem. The possibilities to grow this business and elevate the property’s value are endless.
This property offers incredible growth and expansion potential. With 3 acres of prime land, you can add a small strip center next to the building, further increasing the property’s value. Additionally, it’s a perfect venue for weddings and other events. Every detail inside is top-notch craftsmanship, making this a rare and versatile gem. The possibilities to grow this business and elevate the property’s value are endless.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,000 SF
Building Class
B
Year Built
1990
Price
$3,900,000
Price Per SF
$433.33
Cap Rate
5.38%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.00 AC
Zoning
C-1
Parking
75 Spaces (9.38 Spaces per 1,000 SF Leased)
Frontage
359’ on Princess Way
Nearby Major Retailers
Property Taxes
| Parcel Number | 71-05-07-351-004.000-011 | Improvements Assessment | $543,200 |
| Land Assessment | $193,900 | Total Assessment | $737,100 |
Property Taxes
Parcel Number
71-05-07-351-004.000-011
Land Assessment
$193,900
Improvements Assessment
$543,200
Total Assessment
$737,100
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Presented by
Arturo Dirosa
Restaurant and Real Estate for Sale | 50827 Princess Way
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