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Mixed-Use Property with Restaurant
For Sale
$389,900

614 N Wayne St., Angola, IN 46703

Street-frontage asset combines a leased restaurant space with an attached apartment.

Property Size2,772 SF
Price / SF$140.66
Days on Market11

Property Features for 614 N Wayne St.

General Information

Standard status Active
Size 2,772 SF

Additional Details

Road Access Yes

Building Details

Year Built 1948
Listing Agency: RE/MAX Results
Listed By: G Craig Ralston · License #RB14039839
Source: Spencerchildersgroup
Added: Aug 18 Changed: Aug 27 Last Checked: Aug 27 at 10:06PM

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 RE/MAX Results

Investment Insights

Based on property information with market context.

This mixed-use property at 614 N Wayne St. in Angola, Indiana, combines a 1,588-square-foot restaurant leased to Subway with an attached 1,184-square-foot apartment. The building was constructed in 1948 and provides a total property size of 2,772 square feet. Its frontage on N. Wayne St. places both components within a single commercial property, pairing an established restaurant tenancy with residential space. The restaurant and apartment are attached to the building, creating a straightforward mixed-use configuration for evaluation by commercial real estate buyers.

Key Highlights

  • 1,588‑square‑foot restaurant leased to Subway
  • Attached 1,184‑square‑foot apartment
  • Total property size of 2,772 square feet

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Storage Facility Kitchen & Bath Showroom Plumbing Service

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

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

740
Businesses Nearby
38k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 67% Dining 33%
Dollar General Shops & Services
8,662 visits/mo 0.3 miles
Marathon Petroleum Shops & Services
7,657 visits/mo 0.5 miles
Wings Etc. Dining
4,637 visits/mo 0.2 miles
SUBWAY Dining
4,478 visits/mo 0.1 miles
AutoZone Shops & Services
4,403 visits/mo 0.1 miles

Demographics for 46703, IN

18,837
Population
9,755
Households
1.9
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
121.1 sq mi
ZIP Area
156
Density / Sq Mi
$69,940
Median Household Income
$31,554
Median Earnings
$892
Median Rent
$221,800
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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-frontage asset combines a leased restaurant space with an attached apartment.
Where is this mixed-use property located?
The property is located at 614 N Wayne St. Angola, IN.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 1,588‑square‑foot restaurant leased to Subway; Attached 1,184‑square‑foot apartment; Total property size of 2,772 square feet
More about this property
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