C3 Corner Grocery Store with Walk-In
For Sale
Contact for pricing
2915 S Calhoun St, Fort Wayne, IN 46807
C3-zoned corner retail building operating as a neighborhood grocery store with large walk-in cooler and retail-ready interior.
Property Size2,750 SF
Price / SF$138.18
Days on Market149
Property Features for 2915 S Calhoun St
General Information
Standard status
Active
Size
2,750 SF
Property subtype
RETAIL
Zoning
C3
Additional Details
Corner Location
Yes
Listing Agency:
Corporate Commercial Group
(260) 740-1887
Listed By:
Santino Zurzolo · License #RB23001926
Source:
Moodyscre
Added: Mar 4
Changed: Jul 29
Last Checked: Jul 30 at 7:28AM
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.
C3-zoned commercial property currently operating as a neighborhood grocery store, offering a retail-ready interior and an open floor plan for flexible use. The building includes coolers, freezers, shelving, and a large walk-in cooler with glass display doors, designed to support grocery, beverage, or convenience operations. The layout can also be adapted for other retail concepts noted for this type of space, including a laundromat, convenience store, hair salon, or restaurant.
The property sits on a high-visibility corner lot in Fort Wayne, IN 46807, surrounded by a dense residential area with nearby local businesses. In addition to the main retail space, there is a connected rear home that may support storage or additional business use.
As of September, the property is current on all county and state permits, supporting immediate functionality with minimal startup requirements.
The property sits on a high-visibility corner lot in Fort Wayne, IN 46807, surrounded by a dense residential area with nearby local businesses. In addition to the main retail space, there is a connected rear home that may support storage or additional business use.
As of September, the property is current on all county and state permits, supporting immediate functionality with minimal startup requirements.
Key Highlights
- C3‑zoned commercial property currently operating as a neighborhood grocery store
- Large walk‑in cooler with glass display doors plus coolers, freezers, and shelving
- Open floor plan designed for retail and adaptable for multiple business types
Financial Insights For Specialty Retail
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 | $43.9k | $15.96 |
| − Vacancy | −$3.3k | −$1.20 |
| EGI | $40.6k | $14.76 |
| − OpEx | −$10.1k | −$3.69 |
| NOI | $30.4k | $11.07 |
2,750 SF · lease $15.96/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$435.0K
$380.6K – $507.5K
NOI $30,449 @ 7.0% cap · market cap 8.01%
Second Best
Retail
$377.4K
$330.3K – $440.4K
NOI $26,421 @ 7.0% cap · market cap 6.95%
Theoretical Best
Multifamily LT 5
$2.30M
$2.01M – $2.68M
NOI $160,811 @ 7.0% cap · market cap 42.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46807, IN
16,489
Population
7,182
Households
2.3
Avg Household Size
33
Median Age
30%
College-Educated
90%
High-School Grad
3.2 sq mi
ZIP Area
5,153
Density / Sq Mi
$56,341
Median Household Income
$37,026
Median Earnings
$970
Median Rent
$133,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Alexander's Gourmet Peppers — 1331 Parkview Ave, Fort Wayne, IN 46802
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - C3-zoned corner retail building operating as a neighborhood grocery store with large walk-in cooler and retail-ready interior.
Where is this grocery and convenience store located?
The property is located at 2915 S Calhoun St Fort Wayne, IN.
What is the asking price?
The asking price for this property is $379,999.
What are key features of this property?
This property features: C3‑zoned commercial property currently operating as a neighborhood grocery store; Large walk‑in cooler with glass display doors plus coolers, freezers, and shelving; Open floor plan designed for retail and adaptable for multiple business types
