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Cheer's 3823 N Broadway Ave 3,966 SF Retail Building Muncie, IN 47303 $502,338 CAD ($126.66 CAD/SF)
Investment Highlights
- Turn-key restaurant/bar opportunity
- Long-standing community staple
- Sale includes kitchen equipment, furniture and fixtures, and valuable 3-way liquor license.
Executive Summary
Business Opportunity! Rare chance to own one of Muncie’s well-known and long-standing establishments, Cheers. The current owner is retiring and offering a true turn-key restaurant/bar opportunity, including the real estate, business name, and established operations. Cheers has been a community staple for years—known as a welcoming spot where friends gather for great food, drinks, and conversation. Sale includes kitchen equipment, business personal property/furnishings, and a valuable 3-way liquor license. Seller to retain Volkswagen bar, trophies, and speakers. Ideal opportunity for an owner-operator or investor looking to step into a proven location with strong local recognition.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,966 SF
Building Class
C
Year Built
1960
Price
$502,338 CAD
Price Per SF
$126.66 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.34 AC
Zoning
VB - Variety Business
Parking
17 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
147’ on North Broadway Avenue
Amenities
- Signage
- Air Conditioning
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-07-34-428-009.000-003 | Improvements Assessment | $138,078 CAD |
| Land Assessment | $81,214 CAD | Total Assessment | $219,293 CAD |
Property Taxes
Parcel Number
18-07-34-428-009.000-003
Land Assessment
$81,214 CAD
Improvements Assessment
$138,078 CAD
Total Assessment
$219,293 CAD
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Cheer's | 3823 N Broadway Ave
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