4747 W State Road 46 - Sports and Entertainment FOR SALE


Bloomington, IN 47404
$1,500,000 USD
812-330-7568
4747 W State Road 46, Bloomington, IN for Sale
$1,500,000 USD
Sports and Entertainment - FOR SALE
1/23
null | Request Cap Rate

4747 W State Road 46
Bloomington, IN 47404


OVERVIEW

Hoosier Putt Hole is a fully renovated, multi-revenue entertainment property situated on 2.82 acres along the highly trafficked State Road 46 corridor in Bloomington, Indiana. This unique offering combines mini golf, restaurant/bar operations, live entertainment space, and short-term rental income potential in one cohesive destination property. The site features an 8,400 SF three-level main building, a dedicated mini golf support building (“Putt Hut”), private concrete parking, and a newly installed income-producing digital sign. Investment Highlights- Three-way liquor license Updated efficiency apartment (Airbnb-ready with new furnishings) Large 2025 Putt Hut addition (potential small take-out restaurant) Income-producing digital billboard (installed 2025) Outdoor live music stage with electrical Outdoor bar Private all-concrete parking lot Extensive recent capital improvements Strong visibility on State Road 46 Main Building (8,400 SF | Three Levels) Main Level: Full-service restaurant space Basement Level: Open bar/event space with separate entrance Second Level: Efficiency apartment (short-term rental ready) + private office Includes large commercial refrigeration systems and updated flooring, finishes, plumbing, and electrical. Mini Golf & Putt Hut- Dedicated club/ball pick-up and food service building 2025 building expansion for additional food/beverage operations New court coatings (2024) Energy-efficient LED lighting throughout course New sound system Exterior WiFi coverage across entire property Coated chain-link fencing Recent Capital Improvements New roof New vinyl siding on all structures New deck boards (2023) New concrete sidewalks and ramps New lighthouse walkway concrete Major electrical and plumbing upgrades New security camera system Energy-efficient mini-split HVAC systems (Putt Hut & apartment) New flooring, trims, doors, and paint throughout

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.82 AC

LAND SF

122,839 SF

ZONING

C-3/General Commercial

APN/PARCEL ID

53-04-14-100-053.000-013

ASK ABOUT THIS PROPERTY

Chris CockerhamF.C. Tucker/Bloomington RealtorsMore Info
812-330-7568

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Chris CockerhamF.C. Tucker/Bloomington RealtorsMore Info
812-330-7568

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