1915 Calhoun St Fort Wayne, IN 46802-5261

Property Details for 1915 Calhoun St

Year built

1900

Construction

WOOD

Lot size

0.13 lot acres

Property size

8,762 SF

Property type

Retail space

APN

02-12-11-284-003.000-074

APU

21211284003000074

Description

This exceptional investment opportunity encompasses a portfolio of two buildings and a large parking lot totaling 17,008 square feet on over one acre of prime downtown Fort Wayne real estate. Located in the heart of the Calhoun Street corridor, this property boasts a 100% occupied, turnkey restaurant and event space with a newly renovated kitchen, bar, and a three-way liquor license. The main building, situated at 1915 Calhoun Street, underwent over $200,000 in improvements in 2023, including a new roof, expanded kitchen, updated patio, and renovated event room. A second building at 112 E Masterson Avenue offers additional space with potential for expansion. The property includes a significant asset: a 66-space parking lot with direct access and high visibility to US 27 (Clinton Street) and Calhoun Street, experiencing over 28,000 vehicles daily. Built in 1902 and renovated in 2023, this Class B property is zoned C-3 Commercial and benefits from its location within an Opportunity Zone, providing potential tax incentives. The unfinished second floor presents a significant value-add opportunity for expansion into an event center, wedding venue, additional dining space, or other uses. This is a rare opportunity to acquire a historically significant, high-performing, and expandable commercial property in a rapidly growing downtown area. The property includes two buildings, each with multiple bars and kitchens, offering a unique and versatile investment opportunity. The property's prime location offers easy access to popular attractions such as the Tin Caps Stadium, Electric Works, and the Embassy Theatre.