Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2990 Wayne St Angola, IN 46703

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    816 sq ft, prime retail location

    Lot size:
    816 SF

    Property Features for 2990 Wayne St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    816 SF

    Spaces For Lease

    at 2990 Wayne St, Angola, IN 46703 Contact us

    We can help!

    Listing Contact
    Kevin Marschall
    Kevin Marschall

    Listing Agency: InStore Commercial Real Estate Listing Agent: Kevin Marschall

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail opportunity presents 816 square feet of prime, in-store space within a high-traffic Meijer location in Steuben County. Strategically positioned for maximum visibility and customer interaction, this "Store-Within-A-Store" concept offers unparalleled access to thousands of weekly shoppers. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance, and utilities, simplifying your operational costs. Benefit from interior and exterior branding opportunities, enhancing your exposure to Meijer's substantial customer base. This space is situated in a thriving trade area with strong demographics, making it ideal for a variety of businesses. The property is currently vacant and ready for immediate occupancy. This turnkey solution is perfect for businesses seeking high foot traffic and immediate brand recognition within a well-established retail environment. Consider this location for financial institutions, food and beverage vendors, service businesses, health and wellness providers, or insurance and real estate firms. The property's multiple tenancy allows for flexibility and potential for growth. This is a rare opportunity to establish a presence in one of the Midwest's most recognizable retail destinations. Contact us to learn more about this unique opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Angola
    County
    Steuben
    State
    Indiana
    Longitude
    -84.997313489282
    Latitude
    41.669073577658

    Nearby Similar for Lease

    • $16,438 /Mo
      17,280 SF

      Angola Industrial Warehouse with Loading

      Industrial warehouse space available for sublease in Angola, Indiana.
      300 Industrial Dr St, Angola, IN 46703
      View Details
    • $20 SF/Yr
      4,990 SF

      Turn-Key Restaurant Space Available

      Turn-key restaurant for lease in Angola, Indiana.
      2304 N Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing
      3,382 SF

      Office Space in Angola

      3,382 SF office space in a brick building.
      118 W Maumee St, Angola, IN 46703
      View Details
    • $16 SF/Yr
      14,000 SF

      Retail Center Space for Lease

      Retail space available for lease in Angola, Indiana.
      1400 N Wayne St, Angola, IN 46703
      View Details
    • $3 SF/Yr
      135,500 SF

      Angola Industrial Facility For Lease

      135,500 SF industrial facility on 14.41 acres for lease.
      300 Growth Pkwy, Angola, IN 46703
      View Details
    • Contact for pricing
      2,851 SF

      Office Space in Angola, Indiana

      Multi-tenant office property with convenient access to I-69.
      330 Intertech Pkwy, Angola, IN
      View Details
    • $21 SF/Yr
      26,490 SF

      Angola Retail Center Opportunity

      Prime Angola retail space available
      3308 Wayne St, Angola, IN 46703
      View Details
    • $12 SF/Yr
      12,600 SF

      Angola Shoppes: Prime Retail Space

      Retail/Office Suites in Angola, IN
      1202 Maumee St, Angola, IN 46703
      View Details
    • $8 SF/Yr
      32,416 SF

      Angola Square Retail Space Available

      High-traffic retail center; two spaces available
      1651 Wayne St, Angola, IN 46703
      View Details
    • $12 SF/Yr
      49,920 SF

      Angola Retail Center Opportunity

      High-traffic retail space available in Angola, IN
      202 Harcourt Rd, Angola, IN 46703
      View Details
    • $20 SF/Yr
      4,990 SF

      Angola Restaurant - Lease Opportunity

      Turnkey Restaurant, Divisible Space
      2406 Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing
      14,581 SF

      Prime Angola Retail Space

      14,581 SF Retail Strip Center
      211 Wayne St, Angola, IN 46703
      View Details

    FAQs

    What type of property is this?
    Retail property - 816 sq ft, prime retail location
    Where is this retail property located?
    The property is located at 2990 Wayne St Angola, IN.
    What are key features of this property?
    This property features: 816 square foot retail space available for lease within a Meijer store.; Located in a high-traffic, front-of-store location.; Benefits from Meijer's substantial weekly customer traffic.
    Request Owner's contact information
    2990 Wayne St Angola, IN 46703
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2990 Wayne St
    Angola, IN 46703
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2990 Wayne St Angola, IN 46703
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kevin Marschall
    Kevin Marschall
    Real Estate License ID: 471022479
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!