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205 N Armstrong Street

Crothersville, IN 47229

ActiveListed Aug 28, 2026 · 6 days on market

Key facts

Living area
3,812 sqft
Lot
0.6 acres
Year built
1947
Type
Commercial Sale · Business
MLS #
22122744
County
Jackson
Total building area
3,812 sqft

About this home

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!

Description provided by the listing brokerage.

Interior

Security
Security System

Exterior

Roof
Metal
Parking and garage
Gravel
Other equipment
Security System

Systems

Utilities
Cable ConnectedElectricity ConnectedNatural Gas ConnectedWater Connected

Lot and HOA

Zoning
General Business

Schools

Elementary school
Crothersville Elementary School
High school
Crothersville Jr-Sr High School
School district
Crothersville Community Schools

Taxes

Estimated annual tax
$1,712 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,838per month, estimated
Principal and interest $2,520Property tax $143Insurance $175
20% · $100,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$500,000
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