2904 45th St - Freestanding FOR SALE


Highland, IN 46322
$699,000 USD
219-864-0200
2904 45th St, Highland, IN for Sale
$699,000 USD
Freestanding - FOR SALE
1/16
null | Request Cap Rate

2904 45th St
Highland, IN 46322


HIGHLIGHTS

  • Restaurant and Real Estate for sale in Highland, IN
  • Popular landmark restaurant- serving Highland Since 1947 with strong following
  • Located on heavily traveled 45th Street
  • Top 75 percentile for total restaurant visits in Indiana per Placer AI
  • 3-way Liquor license included in sale
  • Additional revenue potential by leasing the upstairs apartment

OVERVIEW

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

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,566 SF

ZONING

Commercial

APN/PARCEL ID

45-07-33-203-005.000-026

ASK ABOUT THIS PROPERTY

Brett McDermottLatitude CommercialMore Info
219-864-0200

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Brett McDermottLatitude CommercialMore Info
219-864-0200

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