OLO Syracuse Commercial Real Estate Auction - Min. Bid $299,900

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Real Estate Auction

Bidding Begins to Close July 30th @ 6:00pm EDT

Located at 417 South Huntington Street Syracuse, IN.

Here is your opportunity to purchase one of the most established restaurants in downtown Syracuse. With a strong history of 75+ years, this drive-in restaurant has been recently remodeled but due to health issues of the owner he is being forced to sell. Built in 1954, this 4500+ square foot building features a covered outdoor dining area, indoor dining area, fully remodeled kitchen with brand new kitchen equipment, office area, public bathroom, and on the second floor a full living quarters with 3 bedrooms and 1 bath. The upstairs apartment can be rented separately for additional rental income. Property has ample amount of additional storage on the main level and second level of the property. With the additional space on the main level, the space could be split to create additional offices for additional rental income. This 0.47 acre commercial lot has over 120 feet of frontage on IN-13. Don't miss this opportunity to bid and buy a great business in the heart of Syracuse Indiana and only blocks from Lake Wawasee. Taxes 2024 Pay 2025: $2,906.50 (taxed at 1% and 3% rates). 

Minimum Opening Bid: $299,900.00

"Sells to the highest bidder at or above the opening bid!"

Open House: July 16th 11am-1pm. Can't make it? Call for a private showing.

Owner: Aaron Allen

General Terms: $10,000 non-refundable down payment due within 24 hours of sale closing, sold as-is, closing in 30 days, possession at closing, trustee deed, taxes pro-rated and final to day of closing, minimum opening bid $299,900, and subject to a 10% buyer's premium. Buyer broker participation is welcome.

Kraft Real Estate Auctions, LLC - AC31900011

Col. Conrad Kraft- AU01023657

Jonathan Kraft – AU10500173

Kyle Dukes - AU12400074

Managing Broker: Jay Mayden

574-516-9395 - 219-973-9240 ~ Info@KraftAuctions.com

KraftAuctions.com