507 South Grant Avenue

Fowler, IN 47944

$250,000
Price
2
Beds
2
Baths
4
1/2 Baths
2,500 Sq. Ft.
$100 / Sq. Ft.
2,500
Sq. Ft.
$100
per Sq. Ft.

Description

Seller financing and/or lease option available for the bar for as low as $2,000 per month. This is a well kept, turn-key bar and restaurant that comes complete with all the equipment, furniture, decor and a 3-way liquor license with carry out. The restaurant and bar area seats 100 people and the building sits on a 100' x 180' lot in the Town of Fowler Indiana... the county seat of Benton County. In addition to the ready-to-go restaurant, there are two leased residential 1 bedroom 1 bath apartments...Seller financing and/or lease option available for the bar for as low as $2,000 per month. This is a well kept, turn-key bar and restaurant that comes complete with all the equipment, furniture, decor and a 3-way liquor license with carry out. The restaurant and bar area seats 100 people and the building sits on a 100' x 180' lot in the Town of Fowler Indiana... the county seat of Benton County. In addition to the ready-to-go restaurant, there are two leased residential 1 bedroom 1 bath apartments upstairs. Recent updates include: a newer roof, upgraded electrical service, newer central air/furnace and new carpet. There is too much equipment included to list but here are some highlights are: 6 Burner Commercial Stove, Fire Suppression System, Flat Grill, Charbroiler, Convection Oven, Fryers, Slicer, Several Refrigerators and Freezers, A Walk-in Freezer, A Walk-in Refrigerator, Bar Equipment including Keg Cooler with 3 lines, Soda Dispensing System, Various Prep and Work Tables, 27 Dining Tables, 91 Chairs, 13 Barstools and sound system. Other features include: an emergency 22 kilowatt building generator, fenced in back lot with storage sheds and separate fenced-in dumpster area. Opportunities like this one don't come along often. Call a Realtor today to get more information or to schedule your showing today.
  1. Listed by Joseph Moke • Weichert, Realtors - The Moke Agency

Property Details for 507 South Grant Avenue

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 09/20/2024 03:48 PM

Property Details for 507 South Grant Avenue

StatusActive
MLS #202417979
Days on Market78
Taxes$3,216 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1900
Lot Size0.39 AC / 16,988 SF
CountyBenton County

Building Information for 507 South Grant Avenue

Stories-Residences3Year Built1900Building Size-Lot Size0.39 AC / 16,988 SF

Property Information for 507 South Grant Avenue

Summary
Location and General Information
  • Area: Benton County
  • City: Fowler
  • Zip Code: 47944
  • State: IN
  • Township: Center
  • Geo Latitude: 41
  • Geo Longitude: -87
  • Fips Code: 18007
  • Directions To Property: North of Route 52 - on the corner or 9th and Grant
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 3216
  • Parcel Number Id: 04-08-15-331-012.000-004
School Information
  • School District: Benton Community
  • Elementary: Prairie Crossing
  • Middle School: Benton Central
  • High School: Benton Central
Parking
  • Number Of Parking Spaces: 24
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Other
  • Approx Lot Size Acres: 0.39
  • Lot Dimensions: 64X100 53X100 53X100
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 2500.0
  • Approx Lot Size Sqft: 16988.0
  • Above Grade Finished Sqft: 2500.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 2500.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Corner
Property and Assessments
  • New Construction: No
  • Year Built: 1900
  • Age: 124
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Fenced Yard, Off Street Parking, Storage, Bar
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Electric Meters: 1
  • Number of Gas Meters: 1
  • Number of Dishwashers: 1
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 3
  • Number of Ranges/Ovens: 3
  • Number of Refrigerators: 4
  • Number of W/D Hookups: 2
  • Number of Washers: 0
  • Number Water Meters: 1
  • Basement: No
  • Basement/Foundation: Crawl
  • Cooling: Central Air, Window
  • Flooring: Carpet
  • Heating/Fuel: Gas
  • Stories: 0
  • Number of Above Grade Bedrooms: 2
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 2
  • Total Number of Full Baths: 2
  • Total Number of Half Baths: 4
  • Total Baths: 6
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 1
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 2
  • Number of Units: 3
Income & Expenses Information
  • Annual Electric Expense: $1,200.00
  • Annual Fuel Expense: $1,200.00
  • Annual Gross Rent $: $11,040
  • Annual Insurance Expense: $1,800
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $1,884
  • Annual Property Tax: $3,216
  • Annual Trash Expense: $600
  • Annual Water/Sewer Exp: $1,140
  • Gross Monthly Income: $920
  • Gross Monthly Rent: $920
Rental
Rental Information
  • Lease Term: Month to Month
  • Owner Pays: Cooling, Electric, Fuel, Heating, Maintenance, Sewer, Snow Removal, Tax, Water
  • Tenant Pays: None

Property History for 507 South Grant Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 507 South Grant Avenue

Taxable ValueLand$40,100Additions$64,600Total$104,700
Tax Record2023$3,011 ($251 / month)
Home Facts
Total Finished SqFt4,126 SqFtAbove Grade Finished SqFt4,126 SqFtStories2Lot Size17,000 SqFtStyleStoresYear Built1900CountyBENTONAPN04-08-15-331-012.000-004

Schools near 507 South Grant Avenue

This home is within Benton Community School Corp.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - PK to 6
Public - K to 6
Rating
School
Distance
Prairie Crossing Elementary School
PublicK to 6

Benton Central Jr-Sr High School
Public7 to 12

Boswell Elementary School
PublicPK to 6

Otterbein Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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507 South Grant Avenue is a multi-family home for sale in Fowler, IN 47944. This property was listed for sale on May 20, 2024 by Weichert, Realtors - The Moke Agency, it's currently listed at $250,000. This listing's school district is Benton Community School Corp. Nearby schools include Prairie Crossing Elementary School, Benton Central Jr-Sr High School and Boswell Elementary School. 507 South Grant Avenue is a 2-bed, 4-bath, 2,500 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Weichert, Realtors - The Moke Agency

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.