Former Hook's Retail Center - Sale

Retail-Commercial for Sale
Catylist Listing ID: 30147980
Property Subtypes: Free-Standing Building
Building Size (RSF): 7,630 SF
Gross Building Area: See Agent
Gross Land Area: 0.56 Acres
Sale Price: $495,000
Unit Price: $64.88 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Building Name: Former Hook's Retail Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2017

Overview / Comments

Fantastic high-traffic location on Magnavox Way with easy access to east/westbound Illinois Road and north/southbound Interstate 69. 7,630 SF interior features 12' ceiling heights, open span, and flexible space to reconfigure for any use. Built in 1975 and on a 0.56 acre lot, the facility has ample parking, substantial electric service, new roof and updated HVAC. Former use was medical equipment supply. MAY BE PURCHASED OR LEASED.

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Taxing Authority: Allen County, Indiana
Tax ID/APN: 02-12-07-127-002.000-074
Retail Clientele: General, Business
Property Located Between: Illinois Road and Magnavox Way
Largest Nearby Street: Illinois Road
Feet of Frontage: 125
Traffic/Vehicle Count: 35,500
Highway Access: 1/4 Mile to Interstate 69
Airports: Fort Wayne International Airport is 5.5 Miles South of the Property
Site Description: Site Dimensions - 125 x 195
Area Description: The facility is located in a vibrant business, automotive and retail corridor surrounded by national credit tenants including Menards, Swiss Re and Meijer, and is less than 1/2 mile west of Avenue of Autos, a street with many of the top Fort Wayne auto dealerships. The property is also highly visible from Illinois Road (35,500 vehicles per day). Magnavox Way is a vibrant business park that is located between the busiest stretch of Interstate 69, immediately to its west, and one of the most highly regarded and highest volume retail areas in Fort Wayne.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,630 SF
Property Condition: Good
Year Built: 1975
Year Renovated: 1978
Roof Type: Other
Construction/Siding: Block
Exterior Description: Painted concrete block on three sides. The front façade is adorned with multi-tonal red brick and highlighted by a substantial angular canopy, providing weather protection as well as prominence to the two doors that serve as ingress and egress to the interior space.
Parking Type: Surface
Parking Description: Ample space available on the east and north sides of the building
Sprinklers: None
Air Conditioning: Package Unit
Interior Description: Currently built out as showroom, office and storage space, with private offices, customer service area and conference room. Two restrooms serve customers and staff, one of which is ADA compliant. Building is fully air conditioned.
Zoning Description: C-2, General Business
Lot Frontage: 125 Feet
Lot Depth: 195 Feet
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,216 42,788 127,443
Median Age: 37.14 37.63 35.55
Households: 3,510 17,882 51,549


Photograph of Listing Agent

Neal Bowman

CBRE Sturges ICREX Member
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