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Retail Property Near Glenbrook Mall

4030 Coldwater Road, Fort Wayne, IN

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For Sale

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Retail property with drive-thru potential near Glenbrook Mall.

Type:RETAIL

Property size:

7,118 SF

Lot size:

0.78 Acres

Price / SF:

$168/SF

HighLights

Prime location directly across from Glenbrook Mall.
High traffic retail corridor with 16,755 VPD.
Drive‑thru potential.
Significant 5,515 SF footprint with 1,750 SF basement on 0.78 Acre.
Digital pylon signage available.
Potential future redevelopment opportunity.

We can help!

Listing Contact

Dan Gabbard

For Sale

Contact for pricing

Retail property with drive-thru potential near Glenbrook Mall.

Type:RETAIL

Property size:

7,118 SF

Lot size:

0.78 Acres

Price / SF:

$168/SF

Added:: Jan 15, 2025
Days on Market:: 515
Last Refresh:: May 20 at 9:44 pm

Property Features for 4030 Coldwater Road

General Information

Standard status: Active
Size: 7,118 SF
Lot size: 0.78 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Dan Gabbard

Listing agent Dan Gabbard License #RB16000634

Listing office The Zacher Company

Listing date Jan 15, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of The Zacher Company

HighLights

Prime location directly across from Glenbrook Mall.
High traffic retail corridor with 16,755 VPD.
Drive‑thru potential.
Significant 5,515 SF footprint with 1,750 SF basement on 0.78 Acre.
Digital pylon signage available.
Potential future redevelopment opportunity.

Overview

This property features a 5,515 square foot footprint with an additional 1,750 square foot basement, situated on 0.78 acres. The location is directly across the street from Glenbrook Mall, offering ideal access and visibility along a highly trafficked retail corridor. The property benefits from 16,755 vehicles per day along Coldwater Road. There is drive-thru potential and digital pylon signage is available. The property is suitable for retail use and offers potential for future redevelopment.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$113.6k	$15.96
− Vacancy	−$8.5k	−$1.20
EGI	$105.1k	$14.76
− OpEx	−$26.3k	−$3.69
NOI	$78.8k	$11.07

7,118 SF · lease $15.96/SF/yr · vacancy 7.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.13M

$985.2K – $1.31M (±1% cap)

NOI $78,812 @ 7.0% cap · market cap 6.57%

Second Best

Retail

$976.9K

$854.8K – $1.14M (±1% cap)

NOI $68,386 @ 7.0% cap · market cap 5.70%

Theoretical Best

Multifamily LT 5

$5.95M

$5.20M – $6.94M (±1% cap)

NOI $416,236 @ 7.0% cap · market cap 34.69%

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

Property Profile Location Intelligence

Current Use by Public Records

Club 44 Restaurant

Suggested Use

Similar Places Nearby

Coldwater Florist — 3801 Coldwater Rd, Fort Wayne, IN 46805
Kroger Floral — Fort Wayne, IN 46805

Location Insight

Map
Local Demand

City: Fort Wayne
County: Allen
State: Indiana
Longitude: -85.1349
Latitude: 41.1141

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What type of property is this?

Storefront property - Retail property with drive-thru potential near Glenbrook Mall.

Where is this storefront property located?

The property is located at 4030 Coldwater Road Fort Wayne, IN.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Prime location directly across from Glenbrook Mall.; High traffic retail corridor with 16,755 VPD.; Drive‑thru potential.

4030 Coldwater Road, Fort Wayne, IN

Retail property with drive-thru potential near Glenbrook Mall.

Property Features for 4030 Coldwater Road

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Mixed-Use Motel and Apartment Property

Renovated Triplex with Short-Term Units

Aboite Township Mixed-Use Opportunity

Modern Manufacturing Facility in Centennial Park

Historic Landmark Ready for Renovation

Immaculate Church Building on Corner Lot

Downtown Fort Wayne Bar Property

Multi-Use Building in Fort Wayne

Five-Unit Brick Apartment Building

Mixed-Use Property Near Google Center

Restaurant and Redevelopment Opportunity

Fully Rented Eight-Unit Building

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