REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 334,900
Est. payment /mo
Pending
120 N Main Street Churubusco, IN 46723
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Restaurant/Bar
Listing Status Pending
Purchase Type For Sale
Subdivision Churubusco Commerce Center
MLS Listing ID 202617500
Year Built 1947
Annual Tax Amount $2,166
Lot Size 3,484 Sqft
Property Sub-Type Restaurant/Bar
Property Description
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: • 3,381 +/- SF Main-Level Commercial - FOR SALE or FOR LEASE • Three (3) Attractive Upper-Level Apartments – 100% Leased, Yielding Monthly Cash Flow • Commercial Kitchen featuring Large, Stainless Steel Exhaust Hood with Ansul Fire Suppression System, Vented, Three Bay Commercial Sink w/Grease Trap & other Restaurant FF&E (Refers and Coolers) 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 w/Parking • Municipal Water/Sewer & Off Street Parking Lots Ideal For • Restaurant Owner Operator or potentially Lease w/Option to Purchase • Retail of All Types • Medical/Dental Practice • Equipment Sales & Service, 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 Building Area 10,143 +/- SF
Location
State IN
County Whitley County
Area Whitley County
Zoning B3
Direction US Hwy 33 Frontage - Immediatley South of Washington Street and North of Whitley St. (Hwy 205)
Interior
Flooring Carpet
Appliance Building
Exterior
Roof Type Build-Up
Building
Story 2
New Construction No
Others
Financing Cash
IDX information provided by the Indiana Regional MLS
Listed by Robert Thatcher • Coldwell Banker Real Estate Group • Cell: 574-596-1576
Nearby Locations