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Property profile & analytics
OFF-MARKET
Turn key restaurants

310 Wendell Jacob Ave Angola, IN 46703-7136

11,820 SF 1.9 ac lot Built 1985
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-0287536
Property summary
AI-generated overview

This exceptional commercial property presents a unique opportunity for a thriving restaurant or banquet facility. The 11,820 square foot building sits on a highly visible 3.425-acre lot in Steuben County, offering ample space and significant potential. The interior boasts a spacious open area exceeding 5,400 square feet, perfect for dining, complemented by a dedicated bar area and additional lounge space. Two large bathrooms, two private offices with their own restroom, and a large entry hall with a covered entrance enhance functionality and comfort. The kitchen is well-equipped with a large prep area and a separate dishwashing room/bus station, supported by two large walk-in cooler/freezer units and a commercial-grade 75-gallon hot water heater. The building is further enhanced by four newer HVAC units, two new 600 AMP electrical service boxes, and a metal roof. A significant advantage is the 4,400 square foot unfinished dry basement, offering considerable storage or expansion possibilities. This turnkey operation is ready for a new owner to capitalize on its prime location and established infrastructure. The property's size and features make it ideal for a variety of food service concepts, from casual dining to upscale banquet events.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1985
Construction WOOD
Total area 11,820 SF
Lot 1.9 ac (82,720 SF)
APN 76-06-11-000-045.000-012
UPID US31-0287536
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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by Request
Owner & transaction history
Fuller Ramsey Properties LLC · 1 yrs held
Fuller Ramsey Properties LLC
since 2024
5 recorded transactions
2024
Price N/A
2022
Price N/A
2020
$83,000
2012
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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