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Retail Opportunity on Coliseum Boulevard

930 E Coliseum Blvd Fort Wayne, IN 46805

930 E Coliseum Blvd, Fort Wayne, IN, 46805
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For Sale
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8,830 SF building on 1.45 acres for sale.

Property Size8,830 SF
Lot Size1.45 Acres
Price / SF$260.48
AddedOct 11, 2024
Days on Market642
Last RefreshMay 12 at 11:18 pm

Property Features for 930 E Coliseum Blvd

General Information

Standard status
Active
Size
8,830 SF
Lot size
1.45 Acres
Property subtype
Retail

Building Details

Year Built
1979

Listing office Sturges Property Group

Listing date Oct 11, 2024

Source Crexi

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


Investment Insights

Based on property information with market context.

This property presents an opportunity for repurposing or development, featuring an 8,830 SF building on a 1.45-acre lot. The existing structure includes a commercial kitchen and four walk-in coolers. A covered outdoor patio and maintained landscaping enhance the property. Zoned C4, the site allows for flexible commercial uses. The location is near a Kroger grocery store less than 1 mile to the south and across the street from the Northcrest Shopping Center. Situated on Coliseum Blvd, the site benefits from its location within one of the largest regional trade areas in Northeast Indiana. The property includes 94 parking spaces and offers accessibility from both Coliseum Blvd and the Kroger parking lot to the south. This retail development site may suit growing a business.

Key Highlights

  • Prime location in a major regional trade area of Northeast Indiana, across from Northcrest Shopping Center and near Kroger.
  • Large 1.45‑acre lot with an 8,830 SF building suitable for repurposing or development.
  • C4 zoning allows for flexible commercial uses.

Local Financial Insights For 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 $132.5k $15.00
− Vacancy −$11.3k −$1.28
EGI $121.2k $13.73
− OpEx −$36.4k −$4.12
NOI $84.8k $9.61
8,830 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.21M
$1.06M – $1.41M (±1% cap)
NOI $84,834 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$7.38M
$6.45M – $8.61M (±1% cap)
NOI $516,348 @ 7.0% cap · market cap 22.45%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Showgirl III Nightclub

Suggested Use

Real Estate Agency Law Firm Garden Center HVAC Service Plumbing Service Kitchen & Bath Showroom Veterinary Clinic (Bike/Boat/Book/etc) Store Daycare Center Catering Service

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

FAQs

What type of property is this?
Retail space - 8,830 SF building on 1.45 acres for sale.
Where is this retail space located?
The property is located at 930 E Coliseum Blvd Fort Wayne, IN.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime location in a major regional trade area of Northeast Indiana, across from Northcrest Shopping Center and near Kroger.; Large 1.45‑acre lot with an 8,830 SF building suitable for repurposing or development.; C4 zoning allows for flexible commercial uses.
Contact an agent
(260) 424-8448 Call to check price and availability
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