Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1905 N Wayne Street Angola, IN 46703

    View on Map
    Claim this Listing
    For Sale
    $795,000

    Retail - Angola, IN

    Type:Retail
    Lot size:
    1.19 Acres
    Added:
    Oct 28, 2025
    Days on Market:
    165
    Last Refresh:
    Apr 10 at 2:06 pm

    Property Features for 1905 N Wayne Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Parking
    10
    Parking features
    Paved or Surfaced
    Interior features
    Block, Drywall, Other
    Exterior features
    Other
    Standard status
    Active
    APN
    76-06-14-340-115.000-012
    Lot size
    1.19 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8170.96

    Utilities

    Heating system
    Forced Air, Natural Gas, Radiant
    Cooling system
    Multi Units

    Building Details

    Year built
    1985
    Floors in Building
    2
    Flooring type
    Tile, Vinyl
    Building materials
    Block
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Fred J Beck
    Fred J Beck

    Listing agent Fred J Beck

    Listing office Fred Beck & Associates LLC 1920 W 200 N, Angola, IN

    Listing date Oct 28, 2025

    MLS# 202543845 Listing URL

    Copyright © 2026 Northeastern Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property in High Traffic Area

    This retail property is located in Angola, Indiana, and benefits from a high-traffic area with an average daily count of 14,000, according to INDOT. The property features accessibility from both the north and south. The building is described as well-built and is situated on a 1.19-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Angola
    County
    Steuben
    State
    Indiana
    Longitude
    -84.999572
    Latitude
    41.649656

    Nearby Similar for Sale

    • $549,900

      Spacious Office Building in Angola

      Versatile office building with 14+ offices, close to downtown.
      300 N Wayne Street, Angola, IN 46703
      View Details
    • $795,000

      Restaurant and Event Venue For Sale

      Fully operational restaurant and event venue on Lake James Golf Course.
      1445 W 275 N Road, Angola, IN 46703
      View Details
    • $795,000

      Restaurant and Event Venue

      Fully operational restaurant and event venue on Lake James Golf Course.
      1445 W 275 N Road, Angola, IN 46703
      View Details
    • $399,000

      Restaurant and Apartment Building

      Restaurant and apartment building with frontage on N. Wayne St.
      614 N Wayne St., Angola, IN 46703
      View Details
    • $368,800

      Mixed-Use Building on Corner Lot

      3610 sq ft mixed-use building with offices and drive-thru.
      1800 Wohlert Street, Angola, IN 46703
      View Details
    • $308,800

      Mixed-Use Building in Angola, Indiana

      2880 SF mixed-use building with offices and warehouse space.
      207 W Harcourt Road, Angola, IN 46703
      View Details
    • $399,000
      1,395 SF

      Corner Lot Mixed-Use Property

      Mixed-use property on a corner lot, ideal for development.
      908 N Wayne St, Angola, IN 46703
      View Details
    • $367,500

      Retail/Office Building Near I-69

      Retail and office building located near I-69 exit.
      3725 N SR 127 Street, Angola, IN 46703
      View Details
    • $308,800
      2,880 SF

      Mixed-Use Building With Warehouse Space

      2880 SF mixed-use building featuring offices and warehouse space.
      207 W Harcourt Rd, Angola, IN 46703
      View Details
    • $369,500

      Mixed-Use Property in Angola, Indiana

      Mixed-use property with retail/service space available near university.
      124 N McKinley Street, Angola, IN 46703
      View Details
    • $450,000
      2,156 SF

      North Wayne Street Office Building

      Office building for sale with high traffic volume.
      511 N Wayne St, Angola, IN
      View Details
    • $1,850,000

      Retail Property For Sale

      Retail property available for purchase in Angola, Indiana.
      1807 N Wayne St, Angola, IN
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property in Angola, Indiana, with high traffic and accessibility.
    Where is this retail property located?
    The property is located at 1905 N Wayne Street Angola, IN.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: High traffic location with 14,000 average daily count; Easy access to both north and south traffic; Well‑built block construction
    (260) 243-2558
    We can help!
    Listing Contact
    Fred J Beck
    Fred J Beck
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!