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    8607 Us-24 Fort Wayne, IN 46804

    Sponsored
    For Sale
    $1,200,000

    Profitable Restaurant, High Traffic Area

    Property size:
    5,988 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This thriving restaurant in Southwest Fort Wayne, Indiana, is offered at $1,200,000. The 5,988 square foot, single-tenant property sits on a 1.13-acre lot (APN: 02-11-23-400-010.000-038) and boasts a fully furnished kitchen including two hoods, grills/ranges, deep fryers, ovens, a walk-in cooler, and freezer. Built in 2000, this one-story building is zoned C3 and enjoys 100% occupancy. Its prime location at 8607 US-24, Fort Wayne, IN 46804, offers excellent visibility to Interstate 69 via pylon and building signage, with quick access to US 24 and W Jefferson Blvd. The property benefits from high traffic volume, approximately 33,000 vehicles per day on Jefferson Blvd/US-24 and 39,000 VPD on I-69. Its strategic location adjacent to two hotels with low vacancy rates, near shopping centers, subdivisions, and Lutheran Hospital, ensures a strong customer base. Ample parking is available in a shared lot with the adjacent hotels. A liquor license is also available. This turnkey opportunity presents a compelling investment in a high-demand location.

    Property Features for 8607 Us-24

    General Information

    Property type
    Restaurants
    Square Feet
    5,988 SF
    Lot Size
    49,223 SF

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    1

    HighLights

    • Restaurant for sale: $1,200,000.
    • Fully furnished kitchen and all FF&E included.
    • Ample shared parking lot with two adjacent hotels.
    • Liquor license available.
    • Prominent pylon sign visible from I‑69.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.253873174097
    Latitude
    41.031963510321

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    FAQs

    What type of property is this?
    Restaurant - Profitable Restaurant, High Traffic Area
    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: Restaurant for sale: $1,200,000.; Fully furnished kitchen and all FF&E included.; Ample shared parking lot with two adjacent hotels.
    Request Owner's contact information
    8607 Us-24 Fort Wayne, IN 46804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8607 Us-24 Fort Wayne, IN 46804
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