Former Iron Chef Restaurant

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 29819641
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Retail-Pad, Street Retail
Status: Pending
Building Size (RSF): 3,828 SF
Gross Building Area: See Agent
Gross Land Area: 0.48 Acres
Sale Price: $189,900
Unit Price: $49.61 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Iron Chef Restaurant
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/20/2018

Overview / Comments

100% Turn Key Restaurant Opportunity !!! This offering includes the former Iron Chef Restaurant as well as seven other attached parcels of land. This property is also for lease for $1,000.00 per month NNN. See attachment for property partials.


Finance Data Year 2018
Real Estate Taxes - Annual($) $3,666 (Annual)

Additional Details

Nearest MSA: Evansville
County: Spencer
Taxing Authority: Spencer County
Tax ID/APN: 74-02-17-301-080.000-002, 74-02-17-301-076.000-002, 74-02-17-301-072.000-002, 74-02-17-301-070-000.002, 74-02-17-301-069.000-002, 74-02-17-301-068.000-002, 74-02-17-301-05.001-002
Zoning: B-1
Market Type: Medium
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: S Walnut St and S Main St.
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Hwy 62
Highway Access: Hwy 62, Hwy 231
Area Description: Commercial and Residential
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1921
Year Renovated: 1988
Construction/Siding: Brick, Wood Siding
Exterior Description: Brick, wood siding
Parking Type: Surface
Parking Description: Gravel lots
Heat Source: Central
Air Conditioning: Other
Zoning Description: B-1 commercial
Land Ownership: Fee Simple
Legal Description: M PT 21, 23 x 95 OFF OF LOT 21

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,311 2,112 7,227
Median Age: 38.27 39.08 39.89
Households: 500 809 2,760


Photograph of Listing Agent

Mark J. Miller

ERA Commercial
CPIX Member
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