120 N Main St - Storefront Retail/Residential FOR SALE


Churubusco, IN 46723
$334,900 USD
574-596-1576
120 N Main St, Churubusco, IN for Sale
$334,900 USD
Storefront Retail/Residential - FOR SALE
1/38
null | Request Cap Rate

NEW


120 N Main St
Churubusco, IN 46723


HIGHLIGHTS

  • Commercial Kitchen SS Exhast Hood w/Annsul Fire Suppression, SS-3 Bay Sink, Refers & Other Equipment in place & included w/ Sale or Lease
  • Three (3) Upper Level Apartments 100% Leased & Cashflowing; Newer HVAC, Plumbing & Electrical Metering
  • Oustanding CBD District Location on US HWY 33 - ADT 15,253 - Just Minutes NW of Ft. Wayne, IN.
  • Rural Opportunity Zone with 50% Reduction in Capital Investment Threshold - Attractive Cap Gains Treatment (see your tax pro)
  • Outstanding Owner/Operator Opportunity or Affordable Investment Property

OVERVIEW

Attention Investors & Restaurateurs PRIME COMMERCIAL MIXED USE INVESTMENT PROPERTY - FOR SALE &/Or LEASE 120 North Main Street Churubusco, Indiana 46723 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! 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 Analysis • Total Gross Leasable Area 10,143 +/- SF

FOR SALE DETAILS

PRICE

$334,900 USD

PRICE/SF

$50 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

GB - General Business

APN/PARCEL ID

92-04-13-540-003.000-010

ASK ABOUT THIS PROPERTY

Robert L. Thatcher, CRRP, CLS,CDPColdwell Banker Commercial Real Estate GroupMore Info
574-596-1576

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Robert L. Thatcher, CRRP, CLS,CDPColdwell Banker Commercial Real Estate GroupMore Info
574-596-1576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.