Remarks

Complete offering package available on the flyers (lower right corner). Just steps from the Courthouse and Indiana University, the iconic Princess Theater is rich in history and has been a beloved fixture in the community for decades. The property is a perfect opportunity for an owner-user to purchase a fully built-out restaurant space with the added benefit of consistent income from the apartment units above. Commercial Space: 5,047 SF of commercial space, previously operated as a restaurant/bar with full commercial kitchen, private event room, bar seating, and manager’s office. Apartments: 3 fully occupied apartments on the upper level that currently generate $5,500/month income (which goes a long way toward covering expenses/loan payments for the building). FFE: Furniture, Fixtures, & Equipment (FF&E) from previous restaurant operation and Airbnb unit are INCLUDED in the price. A 3-way ATC permit is available for an additional cost. Disclosure: capital repairs are needed, including repairing the front facade terra cotta.

Details

MLS#: 202421863
Price: $1,200,000

Style: Restaurant/Bar
Baths Full: 6
Year Built: 1892

County: Monroe County
Subdivision: Northeast Bloomington City
Lot Size: 40x60
Tax Fee: 23621