Sold for $245,000 Listed for $249,900
600 N Wayne Street
This property is not currently for sale or for rent.
** Leased Investment ** Prime Investment Opportunity - estimated, 11% CAP Rate! Introducing! 600 N. Wayne Street Angola, Indiana Affordable, Investment Grade Property w/ Opportunity Zone Tax Incentives! ATTENTION - INVESTORS | 3,800 SF Commercial Restaurant For Sale Prime NE Indiana Location adjacent to the dynamic Angola Central Business District (CBD) & Trine University! ZONED: C-1 City Commercial The Wayne Street Commercial District is US HWY 127 and is home to many national brands neighboring this prominent investment property High Visibility, Excellent Signage & Average Daily Traffic Counts of 15,714 Very Well Maintained Commercial Facility with Newer, EPDM Roof & HVAC System(s) both replaced in 2021. Ample On-Site Parking for Customers & Staff Commercial Kitchen Exhaust Hood, Cooler & (3) Bay Sink, Included w/Sale of Real Estate Modified Net Leased Asset through May, 2025; Renewal Option w/Increase to Base Rent of up to 10% is provided for in the Lease Agreement. Priced To Sell: $249,900 ($65.76/SF) Offered Exclusively By: Robert L. Thatcher CRRP, CRX, CSM, CMD, CLS, CDP Commercial Broker/Advisor - Coldwell Banker Commercial
Proceed North from Angola CBD on US HWY 127 - aka No. Wayne Street - Property is on the East (right) side of Wayne at Morse Street - Mama's Place Restaurant
Map to 600 N Wayne Street, Angola, IN 46703
MLS #
202433588
Date Listed
2024-08-30
Status
Sold
Property Type
Investment
Property SubType
Other
Square Feet
3800 sqft
New Construction
No
Style
One Story
Type
Other
Bathrooms
2
(0 Full, 2 Half)
Annual Taxes
$1,500.00
Year Taxes Payable
2023 Pay 2024
Year Built
1964
Days on Market
16
Room Dimensions
5th Bedroom
1 × 0
Level
External Features
Construction
Other
Lot Size
14,375 sq ft
Acreage
0.33 Acres
Lot Dimensions
66' x 219'
Fence
None
Location
Area
Steuben County
County
Steuben
Subdivision
North Wayne
Township
Pleasant
City
Angola
State
IN
Zip
46703
Schools
School District
MSD of Steuben County
Elementary
Pleasant Lake
Middle School
Angola
High School
Angola
Financial
Assoc. Dues
$0.00 Not Applicable
| MLS # | 202433588 |
|---|---|
| Date Listed | 2024-08-30 |
| Status | Sold |
| Property Type | Investment |
| Property SubType | Other |
| Square Feet | 3800 sqft |
| New Construction | No |
| Style | One Story |
| Type | Other |
| Bathrooms | 2 (0 Full, 2 Half) |
| Annual Taxes | $1,500.00 |
| Year Taxes Payable | 2023 Pay 2024 |
| Year Built | 1964 |
| Days on Market | 16 |
| 5th Bedroom | 1 × 0 | Level |
| Construction | Other |
|---|---|
| Lot Size | 14,375 sq ft |
| Acreage | 0.33 Acres |
| Lot Dimensions | 66' x 219' |
| Fence | None |
| Area | Steuben County |
|---|---|
| County | Steuben |
| Subdivision | North Wayne |
| Township | Pleasant |
| City | Angola |
| State | IN |
| Zip | 46703 |
| School District | MSD of Steuben County |
|---|---|
| Elementary | Pleasant Lake |
| Middle School | Angola |
| High School | Angola |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202433588
IDX information provided by the Indiana Regional MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Robert Thatcher
Coldwell Banker Real Estate Group
Cell: 574-596-1576
Listing updated October 8, 2024 at 9:00 am
Last checked 17 minutes ago
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