Investment: Restuarant & Apartments For Sale or Lease
Spaces
Available For Sale &/Or Lease
- Ideal for Owner/Operator
- Main Level Commercial Store Front - Restaurant FF&E In-place & Included!
- Just $8.00/SF + Electric Meter Expenses (Modified Gross)
Lower Level Flex Space
- Wet Sprinkler System, & Restrooms
- Stairs & Ramped Ingress/Egress
- Former Bar Operation
- Independant Offering (Mke an Offer) and or Supportive of Main Level Commercial
BONUS INCOME STREAM - Not Yet Factored in the estimated PROFORMA Income/Expense NOI
Attention: Investors & Restuarant Operators! Affordable | Multi-Tenant Asset - For Sale &/or Lease!
Building description
Rare opportunity to acquire an affordable, quality Multi-Tenant investment property strategically positioned just northwest of Ft. Wayne, Indiana. This is an exceptional opportunity to establish or expand your operation in a dynamic central business district (CBD) w/State Highway exposure & traffic. Bring your concept to life on the main level commercial space & utilize the existing apartment income stream to drive revenues & offset operating expenses. There are many examples of truly creative, attractive commercial redevelopments in surrounding communities/markets; acquiring this asset provides a unique opportunity to complete a legacy project.
Building highlights
Attention Investors & Restaurateurs
PRIME COMMERCIAL MIXED USE INVESTMENT PROPERTY - FOR SALE &/Or LEASE
120 North Main Street Churubusco, Indiana 46723
LIST: $334,900 Just $33.01/SF | PROFORMA NOI: $40K - Implied CAP RATE 12.2%
US HWY 33 Frontage – ADT 15,253 VPD
10,143 ± SF | .08 Acre | Rural Opportunity Zone Designation
Rare opportunity to acquire an affordable, quality Multi-Tenant investment property strategically positioned just northwest of Ft. Wayne, Indiana |
Property Highlights
Building Specifications:
• Three (3) Attractive Upper-Level Apartments – 100% Leased, Yielding Monthly Cash Flow
• Large, Stainless Steel Exhaust Hood with Ansul Fire Suppression System w/Vents & Three Bay Commercial Sink w/Grease Trap & other Restaurant FF&E Included with the Sale or Lease
• ADA Compliant Restrooms & Ramped Ingress & Egress
• Quality, Wood Frame Construction w/ Primarily Masonry Exterior – Tall Ceilings (above grade)
• Full Lower-Level Basement – w/Wet Sprinkler System- Excellent Utility, Multiple Uses
• Adequate Electrical Service, Natural Gas HVAC & Water Heaters
Site Features:
• Zoned General Business (GB) - Excellent Central Business District Location
• Municipal Water & Sewer & Parking Lots
Ideal For
• Restaurant Owner-Operator | Purchase or Lease
• Retail of All Types
• Medical/Dental Practice - General Office
• Bring Your Franchise or Concept!
GLA & Lease Terms:
Upper-Level Apartments: 3,381 +/- SF $900 - $1,090/Month – 100% Occupied
Main Level Commercial: 3,381 +/- SF at Just $8.00/SF Modified Gross 3-5 Year Term, Preferred
Lower-Leve Flex Space: 3,381 +/- SF – Make an Offer! Bonus to Proforma Income AnalysisTotal Gross Leasable Area 10,143 +/- SF
Listing Contacts
Map
Property History
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