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Freestanding Restaurant For Sale

8607 US-24, Fort Wayne, IN 46804

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For Sale

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5,679 SF freestanding restaurant with furnished kitchen and liquor license.

Type:RETAIL

Property size:

5,679 SF

Lot size:

1.13 Acres

Price / SF:

$211/SF

HighLights

Freestanding 5,679 SF restaurant
Fully furnished kitchen with all FF+E included (two hoods, grills/ranges, deep fryers, ovens, walk‑in cooler & freezer)
High visibility to Interstate 69 via pylon and building signage
Liquor license available
Shared parking lot with two busy hotels
Quick access to US 24, W Jefferson Blvd, and Exit 302 on Interstate 69

We can help!

Listing Contact

Neal Bowman

For Sale

Contact for pricing

5,679 SF freestanding restaurant with furnished kitchen and liquor license.

Type:RETAIL

Property size:

5,679 SF

Lot size:

1.13 Acres

Price / SF:

$211/SF

Added:: Aug 21, 2023
Days on Market:: 1029
Last Refresh:: May 19 at 10:41 pm

Property Features for 8607 US-24

General Information

Standard status: Active
Size: 5,679 SF
Lot size: 1.13 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Neal Bowman

Listing agent Ian Smith License #RB14026402

Listing office Sturges Property Group

Listing date Aug 21, 2023

Source Moodyscre

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 Sturges Property Group

HighLights

Freestanding 5,679 SF restaurant
Fully furnished kitchen with all FF+E included (two hoods, grills/ranges, deep fryers, ovens, walk‑in cooler & freezer)
High visibility to Interstate 69 via pylon and building signage
Liquor license available
Shared parking lot with two busy hotels
Quick access to US 24, W Jefferson Blvd, and Exit 302 on Interstate 69

Overview

This freestanding restaurant, located in Southwest Fort Wayne, offers 5,679 SF of space. The property features a fully furnished kitchen, including two hoods, grills/ranges, deep fryers, ovens, and a walk-in cooler & freezer. It is situated in a busy retail trade area, providing excellent visibility to Interstate 69 via pylon and building signage. The property has quick access to US 24, W Jefferson Blvd, and Exit 302 on Interstate 69. A shared parking lot is available, serving two adjacent hotels with low vacancy rates. A pylon sign fronting I-69 is included. A liquor license is available.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$90.6k	$15.96
− Vacancy	−$6.8k	−$1.20
EGI	$83.8k	$14.76
− OpEx	−$21.0k	−$3.69
NOI	$62.9k	$11.07

5,679 SF · lease $15.96/SF/yr · vacancy 7.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$898.3K

$786.0K – $1.05M (±1% cap)

NOI $62,879 @ 7.0% cap · market cap 5.24%

Second Best

Retail

$779.4K

$682.0K – $909.4K (±1% cap)

NOI $54,561 @ 7.0% cap · market cap 4.55%

Theoretical Best

Multifamily LT 5

$4.74M

$4.15M – $5.53M (±1% cap)

NOI $332,089 @ 7.0% cap · market cap 27.67%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Fort Wayne
County: Allen
State: Indiana
Longitude: -85.2542
Latitude: 41.0323

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For sale
Restaurants
IN
Fort Wayne
46804
8607 US-24

What type of property is this?

Restaurant - 5,679 SF freestanding restaurant with furnished kitchen and liquor license.

Where is this restaurant located?

The property is located at 8607 US-24 Fort Wayne, IN.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Freestanding 5,679 SF restaurant; Fully furnished kitchen with all FF+E included (two hoods, grills/ranges, deep fryers, ovens, walk‑in cooler & freezer); High visibility to Interstate 69 via pylon and building signage

8607 US-24, Fort Wayne, IN 46804

5,679 SF freestanding restaurant with furnished kitchen and liquor license.

Property Features for 8607 US-24

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Motel and Apartment Property

Renovated Triplex with Short-Term Units

Aboite Township Mixed-Use Opportunity

Modern Manufacturing Facility in Centennial Park

Historic Landmark Ready for Renovation

Immaculate Church Building on Corner Lot

Downtown Fort Wayne Bar Property

Multi-Use Building in Fort Wayne

Five-Unit Brick Apartment Building

Mixed-Use Property Near Google Center

Restaurant and Redevelopment Opportunity

Fully Rented Eight-Unit Building

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