This is a prime investment opportunity in the heart of Knightstown's downtown area, offering a fully operational bar and restaurant with significant growth potential in both food and beverage sales. The property includes two one-bedroom apartments on the first level, each approximately 800 sq ft, providing additional rental income. The asking price includes all current food and liquor inventory, menus, social media accounts, as well as restaurant furniture, fixtures, kitchen equipment, and bar equipment. This turnkey opportunity is ideal for an owner/operator looking to capitalize on a well-established location with strong potential for expansion and profitability, combining both real estate ownership and a thriving hospitality business.
This property is being offered through a 60-day sealed-bid auction, with all bids due by February 6, 2026. During this period, the seller will accept sealed bids; however, the seller further reserves the right to accept, reject, or negotiate any offer at any time prior to the close of the 60-day sealed bid window. Purchase must be cash only, with no financing contingencies accepted. Buyers are strongly encouraged to submit their highest and best offer, as the seller reserves the right to counter the highest bid. The buyer's intended use of the property must be approved by the Town of Knightstown, and buyers should complete all zoning and use research prior to submitting their bid. Please note: The Town of Knightstown restricts all adult-use businesses, and all proposed uses are subject to town approval. The property is being sold As-Is, and all inspections must be completed prior to bid submission. No post-bid inspections, renegotiations, or repair requests will be permitted. This is a rare opportunity to acquire a large, versatile building in the heart of Knightstown. Serious buyers should conduct all due diligence in advance and be prepared to submit their best cash offer by February 6, 2026.
Updated investment property that checks all the boxes. Fully occupied, five unit building in historic Knightstown. Charming finishes, location, and appeal. Original hardwood floors, tall ceilings, and exposed brick walls mix with modern plumbing and electrical throughout. Unit 24 houses Historic Knightstown Inc and includes a show room, kitchenette, bathroom and storage. Unit 26 exudes character and features a lobby, three private offices and washer/dryer connection. Unit 28A (2nd FL) is features 14' ceilings and two large/open rooms. Unit 28B (2nd FL) is a fully renovated two bedroom apartment with open floor plan. Unit 32 is also fully renovated commercial unit. Each unit features an updated bathroom. Tenant pays gas & electric (individually metered). Owner pays water.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Knightstown is located in Indiana. Knightstown, Indiana has a population of 2,109. Knightstown is more family-centric than the surrounding county with 28.72% of the households containing married families with children. The county average for households married with children is 28.42%.
The median household income in Knightstown, Indiana is $55,000. The median household income for the surrounding county is $54,154 compared to the national median of $69,021. The median age of people living in Knightstown is 39 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 44 inches per year, with 23.9 inches of snow per year.
