310 Wendell Jacob Ave Angola, IN 46703-7136
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.
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
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.