101 N State Street South Whitley, IN 46787

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Restaurant/Bar • 75Y Old

$475,000

101 N State Street

0.25 Acres
Property Description

Unique Opportunity to own both the Legendary Carol's Corner Drive-In & a Charming 4 Bedroom Home! Unique opportunity to own both a charming home and a thriving restaurant, all in one package! Do not miss this once in a lifetime opportunity to own the legendary Carol's Corner drive in!! The restaurant is 450 sf and includes 1 half bath, plenty of off street parking, and a lovely covered seating area/play area. Equipment includes multiple freezers and plenty of freezer space, Electrofreeze 2 flavor twist ice cream machine, ross-temp pop machine, Electrofreeze slushie machine, antique cash registers, 4 door refrigerator, star steamer hot dog machine, Keurig coffee maker, microwave, 2 Fry Master french fryers, Valcun-hart grill, Crosley refrigerator, utensils, pots and pans. Burger Buggy, the 1989 Volkswagon Bug, is included! The drive-in is a turn-key business fully ready for the right person to take it over! Seller will help train new owners on all the equipment and day to day functions of the drive-in. Financials are available with an accepted offer. Included in the sale is a 2,567 sf residence featuring 4 spacious bedrooms and 2 bathrooms, perfect for family living. The home boasts a large screened/glassed-in front porch, ideal for enjoying your morning coffee or evening relaxation. With a convenient main floor laundry, a basement for additional storage, and original hardwood floors and hardware that add character, this property is full of delightful surprises. An attached 1-car garage provides easy access, while a large detached garage directly behind the home offers even more space for vehicles or projects. This exceptional property is perfect for those looking to combine their passion for hospitality with comfortable living. Don’t miss out on this rare opportunity!

Directions

Property is the corner lot located at the stoplight on State Road 5 in South Whitley.

Map to 101 N State Street, South Whitley, IN 46787

Property
MLS # 202504596
Date Listed 2025-02-13
Status Active
Property Type Commercial
Property SubType Restaurant/Bar
New Construction No
Type Restaurant/Bar
Annual Taxes $3,624.40
Year Taxes Payable 2024
Year Built 1950
Virtual Tour propertypanorama.com »
Days on Market 62
Room Dimensions
Den 1 × 450 Level
3rd Bedroom 1 × 1 Level
External Features
Construction Restaurant/Bar
Lot Size 10,890 sq ft
Acreage 0.25 Acres
Lot Dimensions 150x150
Fence None
Location
Area Whitley County
County Whitley
Subdivision None
Township Cleveland
City South Whitley
State IN
Zip 46787
Financial
Assoc. Dues $0.00

MLS# 202504596
Listing Provided Courtesy of Chad Metzger
Metzger Property Services, LLC
chad@metzgerauction.com

Listing updated March 27, 2025 at 11:31 am
Last checked 9 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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