620 S Calhoun St Fort Wayne, IN 46802

This exceptional mixed-use property, located at 620 S Calhoun Street in Fort Wayne, Indiana's vibrant downtown core (Downtown Core (DC) zoning), presents a compelling redevelopment opportunity. The 7,155 square foot building, constructed in 1885 and renovated in 2010, boasts three stories and a charming brick façade. Currently, the building has three units with 38% occupancy, featuring the popular Bistro Nota restaurant on the first floor. The upper two floors offer 2,751 square feet of net rentable space, each with its own electrical service, ready for conversion into residential (apartments or condos) or commercial space. Recent improvements include new water lines throughout the building, new furnaces for the first floor, and a rebuilt rear window wall on the second floor. A brand-new approach from the sidewalk to the building, complete with a new CMU retaining wall and footer, enhances accessibility. The third floor features a spacious rooftop terrace. The building's 14-foot ceilings add to its unique character. With a 0.06-acre lot size and a 5-year remaining lease term (commencing January 1, 2019), this property offers significant potential for investors seeking a high-return project in a rapidly developing area. Natural gas is available on the first floor and can be extended to the upper floors. The asking price is $1,400,000 ($195.67 per square foot). This is a chance to capitalize on the revitalization of downtown Fort Wayne, just steps from the Historic Landing.