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2904 45th St
Highland, IN 46322
Fully Built-Out Restaurant- Highland, IN · Retail Property For Sale
Investment Highlights
- Restaurant and Real Estate for sale in Highland, IN
- Located on heavily traveled 45th Street
- 3-way Liquor license included in sale
- Popular landmark restaurant- serving Highland Since 1947 with strong following
- Top 75 percentile for total restaurant visits in Indiana per Placer AI
- Additional revenue potential by leasing the upstairs apartment
Executive Summary
An established dining landmark, The Town Club Restaurant & Lounge is now available for purchase in Highland, Indiana. Situated on the highly traveled 45th Street corridor, this iconic restaurant has been a community staple since 1947. Known for its signature hand-cut steaks and one of the region’s most popular martinis, The Town Club offers a rich legacy and loyal customer base.
The property has benefited from significant capital improvements over the past seven years, including a new roof, HVAC system, boiler, kitchen equipment, and water heater. The sale includes both the real estate and the business, providing a turnkey opportunity for new ownership.
Adding to its value, the property features a spacious 2-bed, 2-bath apartment above the restaurant. Currently vacant, it offers an excellent opportunity for additional rental income or on-site owner occupancy
The property has benefited from significant capital improvements over the past seven years, including a new roof, HVAC system, boiler, kitchen equipment, and water heater. The sale includes both the real estate and the business, providing a turnkey opportunity for new ownership.
Adding to its value, the property features a spacious 2-bed, 2-bath apartment above the restaurant. Currently vacant, it offers an excellent opportunity for additional rental income or on-site owner occupancy
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,144 SF
Building Class
B
Year Built
1947
Price
$949,780 CAD
Price Per SF
$229.19 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.54 AC
Zoning
Commercial
Parking
38 Spaces (9.17 Spaces per 1,000 SF Leased)
Frontage
80’ on 45th Street
Property Taxes
| Parcel Number | 45-07-33-203-005.000-026 | Improvements Assessment | $133,501 CAD |
| Land Assessment | $136,647 CAD | Total Assessment | $270,148 CAD |
Property Taxes
Parcel Number
45-07-33-203-005.000-026
Land Assessment
$136,647 CAD
Improvements Assessment
$133,501 CAD
Total Assessment
$270,148 CAD
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