1915 S Calhoun St - Restaurant FOR SALE


Fort Wayne, IN 46802- LaRez
$900,000 USD
260-452-7525
1915 S Calhoun St, Fort Wayne, IN for Sale
$900,000 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

1915 S Calhoun St
Fort Wayne, IN 46802
LaRez


HIGHLIGHTS

  • Historic bar and restaurant in downtown Fort Wayne
  • Turnkey sale which includes building, parking lot, and FF&Es
  • Value-add potential with unfinished second floor
  • "Opportunity Zone" incentives eligible in a rapidly expanding part of downtown
  • Over $200,000 of improvements in 2023 including doubled kitchen footprint, updated patio, event room renovations, and new roof
  • Patio capacity is 200+, parking lot is 60 spaces, and unfinished basement

OVERVIEW

Own a piece of Fort Wayne History! This investment opportunity is a popular restaurant/bar and parking lot in downtown Fort Wayne. The property at 1915 Calhoun Street, Fort Wayne, IN, is an 8,311 SF building, turnkey restaurant/bar originally constructed in 1902 and over $200,000 of improvements in 2023. The investment offers expansive retail, restaurant, and event space potential. With ""Opportunity Zone"" incentives, this property rests in the heart of the Calhoun Street corridor and encompasses over an acre of prime downtown land. With multiple kitchens, bars, event spaces - it's an ideal turnkey restaurant with event venue. Additional value lies in the potential expansion into the un?nished second level, perfect for an event center, wedding venue, dining, bar, lounge, and more.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Proof Restaurant & Bar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

C3

APN/PARCEL ID

02-12-11-284-003.000-074

ASK ABOUT THIS PROPERTY

James JamicichXplor Commercial Real Estate Corp.More Info
260-452-7525

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James JamicichXplor Commercial Real Estate Corp.More Info
260-452-7525

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