2285 S State Road 67 Road Paragon, IN $ 1,300,000
2285 S State Road 67 Road
$ 1,300,000
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2285 S State Road 67 Road

Paragon, IN, 46166
$ 1,300,000
Baths0.0 Sq 4,800

Monthly Estimate*

$ 8,640

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Studio

Commercial Property for sale in Paragon, IN

for $1,300,000. This 4,800 square foot building was built in 1997 on a lot size of 0.32.

The Trackside Bar & Grill is available for sale! The Morgan County-"Paragon-icon" has been serving up drinks, food and fun for as long as anyone can remember! The property also includes two residential homes which are leased for $2,000/month. The restaurant was updated in 2022 when the bar was added. The renovation included cool overhead garage doors, billiard room and karaoke area. The fun continues with outdoor seating. The bar is currently bringing in $6,000/month. There are no leases in place with the current tenants, but the residential tenants would stay. There are sprinklers in the kitchen area. The memorabilia, signs and personal items do not stay. Listing agent must be present for showings. There is no sign. Please be respectful of the bar tenant and do not discuss information. An appointment must be made for all showings. Come visit where everybody knows your name!

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Commercial Active

Price

$ 1,300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,698

Style

Retail

Lot Size

0.32

Year Built

1997

Town/City

Paragon

County/Region

Morgan

MLS | Web ID

21980914

Features
General
Heating Propane
Cooling Central Electric
Utilities Cable Connected Electricity Connected Gas Sewer Connected Water Connected
Possession Subject To Tenants Rights
Roof Asbestos Shingle
Zoning Commercial
Year Built 1997
Electric 220 Volts in Kitchen
Stories 1
Township Ray
Property SubType Retail
Tax Year 2023
Current Use Restaurant
Building Name Trackside Bar & Grill
Additional Parcels Description 2 residential homes
County Morgan
Net Operating Income 8000
New Construction N
Property Type Commercial Sale
Facing Direction North
Status Active
Directions GPS Friendly
High School Martinsville High School
City Paragon
Buyer Agent Compensation 2
Disclosures Not Applicable
High School District MSD Martinsville Schools
MLS Area 5513 - Morgan - Ray
Elementary School Paragon Elementary School
Middle/Junior High School John R. Wooden Middle School
Additional Parcels Y/N Y
Days on Market 1
Standard Status Active
Tax Lot 019
Buyer Agent Compensation Type %
Legal Description Lot 2 Blk 3 Original Plat & Lot 1 Blk 3 Original Plat East
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Exterior
Parking Features Common Gravel
Building Area Total 4800
Lot Size Acres 0.32
Road Surface Type Asphalt
Road Frontage Type County Road
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* Excluded Features
List By
Leading Edge Commercial Real Estate, Llc

Broker

Brenda.richards@comcast.net

Email

Affordability Calculator

$8,948
Per Month
97%
3%
0%
Monthly Principal & Interest
$8,640
Monthly Property Taxes
$308
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4560902 Elementary School
4046456 Middle School
Martinsville High School High School
Pricing History
DatePricePrice ChangeDescription
5/22/2024$1,300,000 Listed Price

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2285 S State Road 67 Road, Paragon, IN, 46166 is a Commercial Property for sale at $1,300,000 with 4,800 sqft and a lot size of 0.32. 2285 S State Road 67 Road is a studio with 0.0 baths and was built in 1997. The property's zip code is 46166 which is in Paragon, IN