2700 Colony Ave Columbia City, IN 46725-9390
This exceptional restaurant property, located at 2700 E Colony Avenue in Columbia City, Indiana, presents a unique investment opportunity. Situated on a 1.045-acre lot, this 45,520-square-foot hospitality establishment boasts numerous recent updates. The property features a substantial concrete patio, perfect for outdoor dining, and custom bar tops adding to its high-quality aesthetic. The building is offered as a turnkey operation, ready for immediate occupancy by a new owner. The convenient location just off Tri-Lakes outside of Columbia City ensures high visibility and accessibility. The sale is an "AS-IS" transaction. This property is zoned for commercial use and is located in Whitley County, Indiana, with a zip code of 46725. The property's coordinates are 41.2418322 latitude and -85.4397145 longitude. This is an excellent chance to acquire a well-maintained, updated restaurant with significant potential for continued success. The asking price for this remarkable property is $425,000. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.