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Property profile & analytics
OFF-MARKET
Turn key restaurants

2700 Colony Ave Columbia City, IN 46725-9390

3,200 SF 1.04 ac lot Built 1977
Entity Owned Absentee Owner Free & Clear
Property ID
US31-1674060
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1977
Construction WOOD
Total area 3,200 SF
Lot 1.04 ac (45,520 SF)
APN 92-03-12-000-312.000-011
UPID US31-1674060
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
CB REAL EST HOLDINGS LLC
CB REAL EST HOLDINGS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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