Downtown Bar and Restaurant
For Sale
$299,000
1407 S Calhoun St, Fort Wayne, IN 46802
4,600 sq ft bar and restaurant building with an option for a liquor license and space to build out a full kitchen.
Property Size4,598 SF
Price / SF$65.03
Days on Market99
Property Features for 1407 S Calhoun St
General Information
Standard status
Active
Size
4,598 SF
Building Details
Year Built
1900
Listing Agency:
Corporate Commercial Group
Listed By:
Santino Zurzolo · License #IN RB23001926
(260) 740-1887
Source:
Theferrellgroupkw
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 7 at 2:17PM
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 Corporate Commercial Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,600 sq ft commercial building is a long-standing bar location and is offered for sale. The property includes an option for a 210 liquor license and provides space to build out a full kitchen.
Located in downtown Fort Wayne, the building is described as within walking distance to major attractions and developments.
The current configuration supports a bar and restaurant use, with layout flexibility for those looking to add full kitchen build-out.
Located in downtown Fort Wayne, the building is described as within walking distance to major attractions and developments.
The current configuration supports a bar and restaurant use, with layout flexibility for those looking to add full kitchen build-out.
Key Highlights
- 4,600 sq ft commercial building currently operating as a bar and restaurant
- Option for a 210 liquor license
- Space to build out a full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,519
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,380
$550.4K
Cap Rate 7%
$393,129
$393.1K
Cap Rate 9%
$305,767
$305.8K
Market Conditions
NOI Build-Up for 4,598 SF
Gross rent
$41.4K $9.00/SF
− Vacancy
−$2.1K −$0.45/SF
EGI
$39.3K $8.55/SF
− OpEx
−$11.8K −$2.56/SF
NOI
$27.5K $5.98/SF
Area
Fort Wayne, IN
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,380
Cap Rate 7%
$393,129
Cap Rate 9%
$305,767
Alternative Uses
Best Use
Specialty Retail
$727.3K
$636.4K – $848.5K
NOI $50,910 @ 7.0% cap · market cap 17.03%
Second Best
Industrial
$393.1K
$344.0K – $458.7K
NOI $27,519 @ 7.0% cap · market cap 9.20%
Theoretical Best
Multifamily LT 5
$3.84M
$3.36M – $4.48M
NOI $268,875 @ 7.0% cap · market cap 89.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,506
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46802, IN
10,664
Population
5,831
Households
1.8
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
2,539
Density / Sq Mi
$40,903
Median Household Income
$32,172
Median Earnings
$880
Median Rent
$131,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Birdboy Brewing — 1801 s harrison st, fort wayne, in 46802
- Nutrition is life - — 2228 Calhoun St, Fort Wayne, IN 46806
- Birdboy Brewing — 1801 S Harrison St #67, Fort Wayne, IN 46802
- Proof° — 1915 Calhoun St, Fort Wayne, IN 46802
- The Oyster Bar — 1830 Calhoun St, Fort Wayne, IN 46802
Frequently Asked Questions
What type of property is this?
Bar & Pub - 4,600 sq ft bar and restaurant building with an option for a liquor license and space to build out a full kitchen.
Where is this bar & pub located?
The property is located at 1407 S Calhoun St Fort Wayne, IN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 4,600 sq ft commercial building currently operating as a bar and restaurant; Option for a 210 liquor license; Space to build out a full kitchen
