Churubusco Retail for Sale - Outlying Whitley County
Attention investors and restaurateurs: 120 North Main Street in Churubusco, Indiana presents a prime commercial mixed-use investment opportunity available for sale or lease. This 10,143± square foot property sits on 0.08 acres with US Highway 33 frontage and an average daily traffic count of 15,253 vehicles, and is located within a rural Opportunity Zone just northwest of Fort Wayne. The building features three attractive upper-level apartments that are 100% leased, generating consistent monthly cash flow, along with a main-level commercial space ideally suited for a restaurant or retail use. The property includes a large stainless steel exhaust hood with Ansul fire suppression system, ventilation, a three-bay commercial sink with grease trap, and additional restaurant furniture, fixtures, and equipment included in the sale or lease. The building is ADA compliant with ramped ingress and egress, and is constructed with quality wood framing and a primarily masonry exterior, complemented by tall ceilings and ample natural light. A full lower-level basement with a wet sprinkler system offers flexible utility space for a variety of uses. The property is equipped with adequate electrical service, natural gas HVAC, and water heaters. Zoned General Business (GB), it is positioned in a strong central business district location with access to municipal water, sewer, and nearby parking. This versatile asset is ideal for an owner-operator restaurant concept, retail users, medical or dental practices, general office, or a new franchise venture. Leasing opportunities include 3,381± square feet of fully occupied upper-level apartments renting from $900 to $1,090 per month, a 3,381± square foot main-level commercial space offered at $8.00 per square foot modified gross on a preferred 3–5 year term, and a 3,381± square foot lower-level flex space available at negotiable terms, providing additional upside to pro forma income.
