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120 N Main St 10,143 SF Retail Building Churubusco, IN 46723 $458,143 CAD ($45.17 CAD/SF)
Investment Highlights
- Commercial Kitchen SS Exhast Hood w/Annsul Fire Suppression, SS-3 Bay Sink, Refers & Other Equipment in place & included w/ Sale or Lease
- Oustanding CBD District Location on US HWY 33 - ADT 15,253 - Just Minutes NW of Ft. Wayne, IN.
- Outstanding Owner/Operator Opportunity or Affordable Investment Property
- Three (3) Upper Level Apartments 100% Leased & Cashflowing; Newer HVAC, Plumbing & Electrical Metering
- Rural Opportunity Zone with 50% Reduction in Capital Investment Threshold - Attractive Cap Gains Treatment (see your tax pro)
Executive Summary
Attention Investors & Restaurateurs
PRIME COMMERCIAL MIXED USE INVESTMENT PROPERTY - FOR SALE &/Or LEASE
120 North Main Street Churubusco, Indiana 46723
US HWY 33 Frontage – ADT 15,253 VPD
10,143 ± SF | .08 Acre | Rural Opportunity Zone Designation
Rare opportunity to acquire an affordable, quality Multi-Tenant investment property strategically positioned just northwest of Ft. Wayne, Indiana |
Property Highlights
Building Specifications:
• Three (3) Attractive Upper-Level Apartments – 100% Leased, Yielding Monthly Cash Flow
• Large, Stainless Steel Exhaust Hood with Ansul Fire Suppression System w/Vents & Three Bay Commercial Sink w/Grease Trap & other Restaurant FF&E Included with the Sale or Lease
• ADA Compliant Restrooms & Ramped Ingress & Egress
• Quality, Wood Frame Construction w/ Primarily Masonry Exterior – Tall Ceilings (above grade)
• Full Lower-Level Basement – w/Wet Sprinkler System- Excellent Utility, Multiple Uses
• Adequate Electrical Service, Natural Gas HVAC & Water Heaters
Site Features:
• Zoned General Business (GB) - Excellent Central Business District Location
• Municipal Water & Sewer & Parking Lots
Ideal For
• Restaurant Owner Operator Purchase or Lease
• Retail of All Types
• Medical/Dental Practice - General Office
• Bring Your Franchise or Concept!
Lease Terms:
• Upper-Level Apartments: 3,381 +/- SF $900 - $1,090/Month – 100% Occupied
• Main Level Commercial: 3,381 +/- SF at Just $8.00/SF Modified Gross 3-5 Year Term, Preferred
• Lower-Leve Flex Space: 3,381 +/- SF – Make an Offer! Bonus to Proforma Income Analysis
• Total Gross Leasable Area 10,143 +/- SF
PRIME COMMERCIAL MIXED USE INVESTMENT PROPERTY - FOR SALE &/Or LEASE
120 North Main Street Churubusco, Indiana 46723
US HWY 33 Frontage – ADT 15,253 VPD
10,143 ± SF | .08 Acre | Rural Opportunity Zone Designation
Rare opportunity to acquire an affordable, quality Multi-Tenant investment property strategically positioned just northwest of Ft. Wayne, Indiana |
Property Highlights
Building Specifications:
• Three (3) Attractive Upper-Level Apartments – 100% Leased, Yielding Monthly Cash Flow
• Large, Stainless Steel Exhaust Hood with Ansul Fire Suppression System w/Vents & Three Bay Commercial Sink w/Grease Trap & other Restaurant FF&E Included with the Sale or Lease
• ADA Compliant Restrooms & Ramped Ingress & Egress
• Quality, Wood Frame Construction w/ Primarily Masonry Exterior – Tall Ceilings (above grade)
• Full Lower-Level Basement – w/Wet Sprinkler System- Excellent Utility, Multiple Uses
• Adequate Electrical Service, Natural Gas HVAC & Water Heaters
Site Features:
• Zoned General Business (GB) - Excellent Central Business District Location
• Municipal Water & Sewer & Parking Lots
Ideal For
• Restaurant Owner Operator Purchase or Lease
• Retail of All Types
• Medical/Dental Practice - General Office
• Bring Your Franchise or Concept!
Lease Terms:
• Upper-Level Apartments: 3,381 +/- SF $900 - $1,090/Month – 100% Occupied
• Main Level Commercial: 3,381 +/- SF at Just $8.00/SF Modified Gross 3-5 Year Term, Preferred
• Lower-Leve Flex Space: 3,381 +/- SF – Make an Offer! Bonus to Proforma Income Analysis
• Total Gross Leasable Area 10,143 +/- SF
Data Room Click Here to Access
- Operating and Financials
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,143 SF
Building Class
C
Year Built
1947
Price
$458,143 CAD
Price Per SF
$45.17 CAD
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.91
Lot Size
0.08 AC
Zoning
GB - General Business - GB - General Business is the broadest, most intensive Central Business District (CBD) zoning classification in Whitley County, Indiana
Parking
40 Spaces (3.94 Spaces per 1,000 SF Leased)
Frontage
42’ on Main
Amenities
- Restaurant
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 92-04-13-540-003.000-010 | Total Assessment | $310,810 CAD |
| Land Assessment | $19,015 CAD | Annual Taxes | -$6,762 CAD (-$0.67 CAD/SF) |
| Improvements Assessment | $291,794 CAD | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
92-04-13-540-003.000-010
Land Assessment
$19,015 CAD
Improvements Assessment
$291,794 CAD
Total Assessment
$310,810 CAD
Annual Taxes
-$6,762 CAD (-$0.67 CAD/SF)
Tax Year
2025 Payable 2026
Contact
-
Robert L. Thatcher, CRRP, CLS,CDP -
Coldwell Banker Commercial Real Estate Group
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120 N Main St
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