West Main Street / Entire Block For Sale

1402 W MAIN ST, Fort Wayne, Indiana 46808

  • Property Subtypes Free-Standing Building , Tavern/Bar/Nightclub , Street Retail , Restaurant
  • Building Size (RSF) 20,469 SF
  • Gross Building Area 20,469 SF
  • Building Name One Block on West Main Street
  • Building Status Existing
  • Sale Price $1,300,000.00 Total
  • Unit Price $63.51 per SF
  • Property Use Type Vacant/Owner-User
  • Class of Space N/A
  • Total Land Size 1.03 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 5/1/2019
  • Days on Market 712 Days
  • Status active

Overview / Comments

Redevelopment Opportunity - Downtown Ft Wayne. We have an entire city block for sale on West Main Street! Fort Wayne has more redevelopment projects underway than anywhere in the Midwest. This location is in close proximity to the Downtown / Riverfront Development, The Landing Development and the new Electric Works Development. We have 300 feet along Main Street, which includes 4 buildings. On the corner we have a two story 15,000 SF brick building that has potential for residential living on the second floor and capacity for multiple retail storefronts on the first floor. We have a 2598 SF retail location that houses the oldest pizza restaurant / bar in Fort Wayne. The restaurant recently improved the area by installing the nicest outdoor dining patio in downtown (1710 SF). There is a 1,936 SF block building and a 967 SF building on the opposing corner that could be used for a family dining area for the restaurant. Around the property there is ample on/off street parking. The restaurant/ bar is fully staffed and operates 5 days per week. The business, assets, exclusive recipes, equipment and 3-way liquor license is being sold separately from the real estate. Business and real estate can be purchased together or by two separate buyers.

Additional Details

  • Tax ID/APN 02-12-03-408-022.000-074, 02-12-03-408-021.000-074, 02-12-03-408-015.000-074, 02-12-03-408-014.000-074
  • Zoning C-3
  • Property Visibility Excellent
  • Total Number of Buildings 4
  • Number of Stories 2
  • Year Built 1905-01-01 00:00:00
  • Tax Auth Allen County