Bar Property with Rear
For Sale
$379,900
2145 N Taylor St, Fort Wayne, IN 46802
Updated bar space with included equipment and an occupied rental component positioned near downtown Fort Wayne.
Property Size1,576 SF
Price / SF$241.05
Days on Market51
Property Features for 2145 N Taylor St
General Information
Standard status
Active
Size
1,576 SF
Restaurant
Equipment Included
Yes
Liquor License
No
Building Details
Year Built
1927
Listing Agency:
Triad Real Estate Services
Listed By:
Tiffany Fries · License #37156
(904) 716-6181
Source:
Spencerchildersgroup
Added: Aug 25
Changed: Oct 7
Last Checked: Oct 7 at 1:32PM
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 Triad Real Estate Services
Investment Insights
Based on property information with market context.
Built in 1927, this 1,576-square-foot bar property combines an established commercial setting with recent updates and original character. Bar equipment is included, providing a functional starting point for a new concept or refreshed operation. A fully occupied rental property is located at the rear, adding an income-producing component to the offering.
The property is situated on N Taylor Street near downtown Fort Wayne and Electric Works. A 3-way liquor license is available through a separate purchase, allowing the transaction to be evaluated independently from the real estate and included equipment.
The property is situated on N Taylor Street near downtown Fort Wayne and Electric Works. A 3-way liquor license is available through a separate purchase, allowing the transaction to be evaluated independently from the real estate and included equipment.
Key Highlights
- 1,576‑square‑foot bar property built in 1927
- Bar equipment included in the offering
- Fully occupied rental property at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,450
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,000
$349.0K
Cap Rate 7%
$249,286
$249.3K
Cap Rate 9%
$193,889
$193.9K
Market Conditions
NOI Build-Up for 1,576 SF
Gross rent
$25.2K $15.96/SF
− Vacancy
−$1.9K −$1.20/SF
EGI
$23.3K $14.76/SF
− OpEx
−$5.8K −$3.69/SF
NOI
$17.4K $11.07/SF
Area
Fort Wayne, IN
Vacancy
7.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,000
Cap Rate 7%
$249,286
Cap Rate 9%
$193,889
Alternative Uses
Best Use
Specialty Retail
$249.3K
$218.1K – $290.8K
NOI $17,450 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.32M
$1.15M – $1.54M
NOI $92,159 @ 7.0% cap · market cap 24.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
253
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
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Similar Off Market Nearby
- Double Down Sports Bar — 2145 Taylor St, Fort Wayne, IN 46802
- Bootleggers Saloon and Galley — 2809 W Main St, Fort Wayne, IN 46808
- Shangri La West — 2440 W Jefferson Blvd, Fort Wayne, IN 46802
Frequently Asked Questions
What type of property is this?
Bar & Pub - Updated bar space with included equipment and an occupied rental component positioned near downtown Fort Wayne.
Where is this bar & pub located?
The property is located at 2145 N Taylor St Fort Wayne, IN.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 1,576‑square‑foot bar property built in 1927; Bar equipment included in the offering; Fully occupied rental property at the rear
