10685 Randolph St - Restaurant FOR SALE


Winfield, IN 46307
$1,755,000 USD
317-431-6130
10685 Randolph St, Winfield, IN for Sale
$1,755,000 USD
Restaurant - FOR SALE
1/10
null | 6% Cap Rate

10685 Randolph St
Winfield, IN 46307


OVERVIEW

Turn-Key Restaurant Investment or Owner-User Opportunity – Winfield 10685 Randolph St. | 4,505 SF | Doubletree Plaza | Winfield, IN 4,505 SF restaurant property located in Doubletree Plaza, offering flexibility for both investors and future owner-users. The property is currently leased to an established operator, providing in-place income with the ability to transition to an owner-user opportunity in the near future. The space is currently utilized as a restaurant and includes a 3-way liquor license in the sale, with a newer outdoor patio, along with a newer roof, windows, and doors—helping minimize near-term capital needs. Additional on-site storage offers operational flexibility. Price: $1,755,000 NOI: $105,347 Cap Rate: 6.0% Lease Type: Double Net (tenant responsible for insurance, maintenance, and utilities) Market Highlights: The Crown Point/Winfield area has seen rapid growth driven by strong residential development, a pro-business environment, and proximity to Chicago. Thousands of new homes have been built within a 3-mile radius, and both towns continue to attract new commercial users. Winfield ranks among Indiana’s fastest-growing communities, while Crown Point has experienced over 15% population growth in the past decade. Demand for quality retail and restaurant space remains strong, with established local concepts continuing to perform—supporting long-term stability and investor interest. Note: Real estate for sale only, business not included. Contact broker for a showing.

FOR SALE DETAILS

PRICE

$1,755,000 USD

PRICE/SF

$390 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,099 SF

ZONING

R3

APN/PARCEL ID

45-17-04-351-001.000-047

ASK ABOUT THIS PROPERTY

Adriana GomezMcColly Bennett Commercial AdvantageMore Info
317-431-6130

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Adriana GomezMcColly Bennett Commercial AdvantageMore Info
317-431-6130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.