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    2406 Wayne St Angola, IN 46703

    Sponsored
    For Lease
    $20 SF/Yr ($8,316 /Mo)

    Turnkey Restaurant, Divisible Space

    Lot size:
    4,990 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,990 square foot restaurant space in Angola, Indiana, presents a unique lease opportunity. Currently configured as a fully furnished and equipped restaurant, the property is easily divisible to accommodate various tenants, ranging from 1,200 to 4,990 square feet. Located on a highly visible corner with stoplight access and pylon signage, this property benefits from excellent street visibility and high traffic counts. The C-1 zoning allows for a variety of uses, including retail, office, and medical spaces. The 1.3-acre lot provides ample parking with 75 spaces. The building features single-phase power. Angola's thriving community, boosted by Trine University's 5,000+ students and a summer population surge to approximately 150,000, creates a strong market for this versatile property. The property's APN is 76-06-14-000-030.060-012, and it's situated in Steuben County. All furniture, fixtures, and equipment are included in the lease, making this a truly turnkey operation. The lease rate is $20 per square foot, Triple Net. This prime location offers unparalleled potential for a variety of businesses seeking a high-visibility presence in a vibrant community.

    Property Features for 2406 Wayne St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,990 SF
    Total Rate
    8316.67

    Unit(s) available at that property

    Space
    Size
    4,990 SF
    Rate per SF
    $20

    HighLights

    • 4,990 SF restaurant building available for lease at $20/SF NNN.
    • High‑visibility corner lot with stoplight access and pylon signage.
    • Divisible space, suitable for multiple tenants (1,200 SF - 4,990 SF total).
    • Turnkey restaurant; fully equipped and furnished.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Angola
    County
    Steuben
    State
    Indiana
    Longitude
    -84.999556326374
    Latitude
    41.663079456831

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, Divisible Space
    Where is this restaurant located?
    The property is located at 2406 Wayne St Angola, IN.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 4,990 SF restaurant building available for lease at $20/SF NNN.; High-visibility corner lot with stoplight access and pylon signage.; Divisible space, suitable for multiple tenants (1,200 SF - 4,990 SF total).
    Request Owner's contact information
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    Angola, IN 46703
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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
    2406 Wayne St Angola, IN 46703
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