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Property profile & analytics
FOR SALE
Retail space

930 E Coliseum Blvd Fort Wayne, IN 46805

8,830 SF 1.45 ac lot Built 1979
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US31-0280842
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a vacant, 8,830-square-foot retail building situated on a 1.45-acre lot in Fort Wayne, Indiana. The property, located at 930 E Coliseum Blvd, boasts a desirable C4 commercial zoning, allowing for diverse commercial uses. Built in 1979, the single-story structure features a fully equipped commercial kitchen, four walk-in coolers, and a covered outdoor patio. Ample parking is provided with 94 spaces. The property benefits from its strategic location within a high-traffic area, experiencing 46,400 vehicles daily on Coliseum Boulevard. Its proximity to a Kroger grocery store (less than a mile south) and the Northcrest Shopping Center (directly across the street) ensures high visibility and accessibility. This location is part of one of Northeast Indiana's largest regional trade areas, surrounded by over 28 popular retail establishments and attractions. The asking price for this significant redevelopment opportunity is $2,600,000. This is a rare chance to acquire a substantial property in a thriving commercial corridor. The existing building and ample land provide a solid foundation for a variety of commercial ventures.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1979
Construction WOOD
Total area 8,830 SF
Lot 1.45 ac (63,162 SF)
APN 02-07-25-128-003.000-073
UPID US31-0280842
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
Current use
Occupant on record · Public records
  • Showgirl III Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.31M
Comparable Approach Comparable
$846k
Blend (final) Blend
$1.02M
Owner & transaction history
Bba Development LLC · 7 yrs held
Bba Development LLC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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