3827 Indiana 37 - Fast Food FOR SALE


Mitchell, IN 47446
$850,000 USD
219-864-0200
3827 Indiana 37, Mitchell, IN for Sale
$850,000 USD
Fast Food - FOR SALE
1/4
null | Request Cap Rate

3827 Indiana 37
Mitchell, IN 47446


HIGHLIGHTS

  • Fully equipped drive-thru for high-volume operations
  • Renovated in 2018 with updated interior and systems
  • Prime frontage along State Road 37 with excellent visibility
  • 0.5-acre site offering ample parking and easy access
  • Surrounded by national retailers in a strong trade area

OVERVIEW

Positioned along the high-traffic corridor of State Road 37, this property offers a prime standalone retail opportunity in Mitchell, Indiana. The 2,771 SF building, originally designed for quick-service operations, features a fully functional drive-thru and an efficient layout ideal for food service, retail, or other customer-facing concepts. Renovated in 2018, the interior and building systems are modernized, reducing upfront capital needs for new operators. The site spans 0.5 acres with ample parking and strong frontage, ensuring excellent visibility and convenient ingress/egress from both directions of traffic. Located in a community with a rich railroad heritage, Mitchell benefits from steady local traffic and proximity to regional hubs via State Road 37 and nearby Highway 60. Surrounding retailers include national brands such as McDonald’s, Subway, CVS, and Dollar General, creating a strong co-tenancy environment that drives consistent consumer activity. With an asking price of $850,000, this property represents a compelling investment for owner-users or investors seeking a versatile asset in a growing market. Its adaptable design and strategic location make it well-suited for quick-service restaurants, specialty retail, or service-based businesses looking to capitalize on high visibility and established traffic patterns.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$307 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

47-11-35-310-027.000-005

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.