555 S Indiana Street Mooresville, IN ^$ 4,800,000

555 S Indiana Street

^$ 4,800,000

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555 S Indiana Street

Mooresville, IN, 46158

^$ 4,800,000

Bedrooms-- Baths4.0 Sq 22,647

Monthly Estimate*

^$ 29,554

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Commercial Property for sale in Mooresville, IN

for $4,800,000 with 4 full baths. This 22,647 square foot building was built in 1979 on a lot size of 5.

Former Grayâs Restaurant â Just Reduced! Fantastic opportunity for a turnkey restaurant or redevelopment project in a prime, high-traffic location. Fully equipped kitchen, dining area, and infrastructure in placeâready for your concept. Or reimagine the site for retail, office, or mixed-use. Motivated seller â priced to move!

Commercial Pending

Price

^$ 4,800,000

Full Bath

Property Type

Commercial

Taxes

^$ 19,292

Style

Restaurant/Bar

Lot Size

Year Built

1979

Town/City

Mooresville

County/Region

Morgan

MLS | Web ID

202505450

Features

General

Heating Gas

Cooling Central Air

Ceiling Height 12

Roof Shingle

Parking Yes Paved

Sewer City

# of Buildings 2

Status Pending Pending

Bathrooms 4

Year Built 1979

New Construction No

Subdivision None

Stories Count 1

Township Brown

Class COMMERCIAL

Type Restaurant/Bar

Age 46

Business Name Gray Brothers Cafeteria

Special Features Handicap Access Public Restrooms Ventilating/Exhaust Fans Refrigeration/Freezer

REO No

Status Detail 0

Area Morgan County

City Mooresville

Legal Description S36 T14 R1e Pt E Sw 3 A.

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202505450

Agent First Name Corina

Agent Last Name Jones

DOM 208

Tax Year 2023

Exterior

Road Access City

Exterior Brick

Lot Size Area 217800

Lot Dimensions 217 800

Parking Type Large Lot

Waterfront Y/N No

Interior

Flooring Carpet Tile

Basement/Foundation Slab

Walls Drywall

* Excluded Features

List By

Corina Jones

Listing Agent

Your Home Team

Broker

corina@yourhometeam4life.com

Affordability Calculator

$31,162

Per Month

Monthly Principal & Interest: $29,554
Monthly Property Taxes: $1,608
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Mooresville, IN

Average List Price ^$1,641,500

Percent of Sale Price 66%

About Mooresville, IN

9,210 Population

2% Since 2002

^$53,172 Median Income

40.14 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1237469 Elementary School

1237627 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/3/2025	$4,800,000	-18.64%	Price Down
7/3/2025	$5,900,000	-11.94%	Price Down
6/10/2025	$6,700,000	-11.84%	Price Down
5/6/2025	$7,600,000	-15.56%	Price Down
5/1/2025	$9,000,000	-10.00%	Price Down
2/21/2025	$10,000,000		Listed Price

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555 S Indiana Street, Mooresville, IN, 46158 is a Commercial Property for sale at $4,800,000 with 22,647 sqft and a lot size of 5. 555 S Indiana Street has 4.0 baths and was built in 1979. The property's zip code is 46158 which is in Mooresville, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of the Indiana Regional Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Indiana Regional Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/12/2026.

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555 S Indiana Street

Commercial Property for sale in Mooresville, IN

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