205 N Armstrong Street
Crothersville, IN, 47229 $ 500,000
Bedrooms-- Baths-- Sq 3,812 Monthly Estimate*
$ 3,157
for $500,000. This 3,812 square foot building was built in 1947 on a lot size of 0.6.
TURNKEY BAR & RESTAURANT OPPORTUNITY WITH MULTIPLE BUSINESS POSSIBILITIES! Located in the heart of Crothersville with excellent visibility and frontage along Highway 31, this well-established commercial opportunity is ready for its next owner. Much of the establishment was renovated in 2017, creating a modern, functional space with an extensive list of improvements and equipment already in place. The property is being offered with an impressive collection of transferable business assets and licenses, including a liquor license, carry-out license, gaming license and catering license, providing a tremendous head start for an entrepreneur ready to operate or expand a food and beverage concept. The fully equipped commercial kitchen features 2018 or newer equipment, including fryers, refrigerators, freezers, and a pizza oven, making this an excellent opportunity for a restaurant operator, bar owner, caterer, food-service entrepreneur, or other hospitality-related business. The possibilities extend well beyond the current use. This property could be an ideal fit for an existing bar or restaurant owner looking to expand, franchise operator, caterer, food truck operator seeking a permanent location, brewery or taproom concept, event venue, or entrepreneur with a new business vision. The included licenses, equipment, established infrastructure, and commercial location can help reduce the time and expense typically associated with starting from the ground up. Adding even more potential are three additional parcels included with the sale, offering valuable space for future parking, outdoor amenities, expansion, additional business uses, or other opportunities based on the buyer's vision and applicable zoning/use requirements. Situated directly along Highway 31 with prominent road frontage, the property offers convenient access to I-65, Crothersville Community Schools, and the surrounding industrial and employment areas. Possibilities are endless!
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FeaturesGeneralUtilities Cable Connected Electricity Connected Natural Gas Connected Water Connected
Possession Closing
Roof Metal
Zoning General Business
Security Features Security System
Year Built 1947
Township Vernon
Property Subtype Business
Tax Year 2025
Current Use Restaurant
Additional Parcels Description 36-46-10-403-030.000-016 36-46-10-403-027.000-016
County Jackson
New Construction N
Property Type Commercial Sale
Possible Use Restaurant
Status Active
Directions GPS Friendly
High School Crothersville Jr-Sr High School
City Crothersville
High School District Crothersville Community Schools
MLS Area 3612 - Jackson - Vernon
Lot Size Square Feet 8712
Elementary School Crothersville Elementary School
Additional Parcels Y/N Y
Standard Status Active
Tax Lot 45
Legal Description Davis & Co. Lot 45
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ExteriorParking Features Gravel
Building Area Total 3812
Lot Size Acres 0.6
Road Frontage Type Highway
Other Equipment Security System
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* Excluded FeaturesList ByBerkshire Hathaway HomeBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,157
- Monthly Property Taxes
- $143
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyCommerical listings in Crothersville, IN
Average List Price $273,267
Percent of Sale Price 45%
About Crothersville, IN 1,534 Population
-1% Since 2002
$ 46,804 Median Income
38.94 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4047875 Elementary School
4046429 Middle School
Crothersville Jr-Sr High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/1/2026 | $500,000 | | Listed Price |