Building Details

Year Built 1941

Listing Agency: RealtyFlex of N.E. Indiana LLC

Listed By: David Augustyniak · License #RB14027792 Show Phone

Source: Spencerchildersgroup

Added: Jul 13 Changed: Oct 6 Last Checked: Oct 7 at 2:20PM

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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 RealtyFlex of N.E. Indiana LLC

Investment Insights

Based on property information with market context.

The 9,422-square-foot church facility was built in 1941 and is arranged for worship, classroom, kitchen, and community-service functions. The main gathering area accommodates approximately 150 people, while additional classroom areas provide flexible interior space. A commercial kitchen is also part of the building’s improvements.

Current operations include a church, food bank, health clinic, clothing donation program, and commercial kitchen use. The property is located at 2100 Kentucky Ave in Fort Wayne, Indiana, providing an established setting for an organization requiring a combination of assembly, classroom, service, and support areas.

Key Highlights

• 9,422‑square‑foot church facility built in 1941
• Main gathering area seats approximately 150 people
• Includes classroom areas for educational or community functions

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,391

Cap Rate

7.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,127,820 $1.1M

Cap Rate 7%

$805,586 $805.6K

Cap Rate 9%

$626,567 $626.6K

Market Conditions

NOI Build-Up for 9,422 SF

Gross rent

$84.8K $9.00/SF

− Vacancy

−$4.2K −$0.45/SF

EGI

$80.6K $8.55/SF

− OpEx

−$24.2K −$2.56/SF

NOI

$56.4K $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%

$1,127,820

Cap Rate 7%

$805,586

Cap Rate 9%

$626,567

Alternative Uses

Best Use

Specialty Retail

$1.49M

$1.30M – $1.74M (±1% cap)

NOI $104,323 @ 7.0% cap · market cap 13.12%

Second Best

Healthcare Medical

$1.49M

$1.30M – $1.74M (±1% cap)

NOI $104,227 @ 7.0% cap · market cap 13.11%

Theoretical Best

Multifamily LT 5

$7.87M

$6.89M – $9.18M (±1% cap)

NOI $550,967 @ 7.0% cap · market cap 69.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Lifehouse Church Church Lifehouse Church - Forest ... Church B·FAM Jam Food Processing Plant ThisHouseOfFaith Association / Organization Forest Park United ... Food Bank

Suggested Use

Top Pick Dental Office HVAC Service Real Estate Agency Law Firm Building Supply Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

559

Businesses Nearby

Explore this area Business Placement

Demographics for 46805, IN

21,138

Population

10,742

Households

2

Avg Household Size

35

Median Age

27%

College-Educated

92%

High-School Grad

6.4 sq mi

ZIP Area

3,303

Density / Sq Mi

$50,099

Median Household Income

$37,294

Median Earnings

$858

Median Rent

$131,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this churches & religious facilities located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Church & religious facility - Church facility with classroom areas, a commercial kitchen, and space supporting community-oriented operations.

Where is this church & religious facility located?

The property is located at 2100 Kentucky Ave Fort Wayne, 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: 9,422‑square‑foot church facility built in 1941; Main gathering area seats approximately 150 people; Includes classroom areas for educational or community functions