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Commercial Land for Sale in Sullivan, Indiana

1616 N Section St, Sullivan, IN 47882

$429,900
1.58 acres
Active
$20.1k drop
Est $2,382/mo

FOR SALE Turn-Key, Highly Successful Restaurant, Bar & Bowling Business. The Maddog Restaurant and Bowl located at 1616 N Section St., Sullivan, IN 47882 is available to purchase. An exceptional opportunity awaits with the sale of Maddog Restaurant and Bowl; a highly successful, fully operational, turn key entertainment and dining destination located in the heart of Sullivan, Indiana. Priced to sell at $575,000, this established business includes 15,560 SF of finished space and sits on a 1.58 acre corner lot with excellent visibility and ample parking. Strategically located along the high-traffic Section Street corridor, the site boasts daily traffic counts of approximately 4,300 vehicles, making it a prime location for continued business success. Property Highlights include: Full-service restaurant, bar, and catering operations. 12-lane bowling alley with newly resurfaced lanes and recently upgraded scoring software. Popular arcade, birthday party packages, and glow bowling are favorites among families. All kitchen, bar, and bowling equipment to convey with sale. Currently employs 10-12 staff, adjusting seasonally. Spacious 1.58-acre lot with plentiful on-site parking. 15,560 square feet of finished space has been well-maintained and ready for new ownership. With a loyal customer base, strong local reputation, and multiple revenue streams, Maddog Restaurant and Bowl is a highly successful business offering incredible value and long-term potential. Whether you're an entrepreneur or investor, this property is primed for profitability from day one. Don't miss your chance to own one of Sullivan's most well-loved entertainment destinations. For more information or to schedule a private showing, contact a REALTOR today!

Sq feet
2
Full baths

Location

Street address
1616 N Section St
Community
Hamilton
Elevation
528 feet

Property details

Acreage
1.58 acres
Zoning
Commercial
MLS #
THAAR 106041
Posted

Details and features

Listing

Type
Commercial Sale
Franchise
Prudential Real Estate

Structure

Heating
Natural Gas
Cooling
Central Air
Materials
Stone

Interior

Rooms
Bathroom x 2
Features
440 Volts, Carpeting, Fixtures, Furniture, Inside Storage, Inventory, Restroom(s)

Property utilities

CategoryTypeStatusDescription
GasNatural GasConnected

Listing history

DateEventPriceChangeSource
Oct 10, 2025Price drop$429,900$20,100 -4.5%THAAR
Aug 12, 2025Price drop$450,000$49,900 -10%THAAR
June 10, 2025Price drop$499,900$75,100 -13.1%THAAR
Apr 17, 2025New listing$575,000THAAR
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This 1.58-acre property is located at 1616 N Section St in Sullivan, IN 47882. The property is available for sale for $429,900. It has a structure.

Checked 1 hour ago — Updated

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Copyright (C) 2025 Terre Haute Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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