Downtown Bar and Restaurant
For Sale
Contact for pricing
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 Size4,600 SF
Price / SF$65.22
Days on Market149
Property Features for 1407 S Calhoun St
General Information
Standard status
Active
Size
4,600 SF
Property subtype
RETAIL
Listing Agency:
Corporate Commercial Group
(260) 740-1887
Listed By:
Santino Zurzolo · License #RB23001926
Source:
Moodyscre
Added: Mar 4
Changed: Jul 25
Last Checked: Jul 31 at 1:28PM
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
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 For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.4k | $9.00 |
| − Vacancy | −$2.1k | −$0.45 |
| EGI | $39.3k | $8.55 |
| − OpEx | −$11.8k | −$2.56 |
| NOI | $27.5k | $5.98 |
4,600 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$727.6K
$636.7K – $848.9K
NOI $50,932 @ 7.0% cap · market cap 16.98%
Second Best
Industrial
$393.3K
$344.1K – $458.9K
NOI $27,531 @ 7.0% cap · market cap 9.18%
Theoretical Best
Multifamily LT 5
$3.84M
$3.36M – $4.48M
NOI $268,992 @ 7.0% cap · market cap 89.66%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Nutrition is life - — 2228 Calhoun St, Fort Wayne, IN 46806
- Proof° — 1915 Calhoun St, Fort Wayne, IN 46802
- The Oyster Bar — 1830 Calhoun St, Fort Wayne, IN 46802
- Birdboy Brewing — 1801 S Harrison St #67, Fort Wayne, IN 46802
- Birdboy Brewing — 1801 s harrison 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 $299,999.
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
