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