Downtown Kendallville

Retail-Commercial for Sale
Catylist Listing ID: 30328438
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 7,155 SF
Gross Building Area: 10,595 SF
Sale Price: $179,900
Unit Price: $25.14 PSF
Property Use Type: Investment, Business
Building Name: Former Rudy's
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 3/22/2019

Overview / Comments

Retail restaurant opportunity downtown Kendallville. Great location for a food establishment! 3,520 sq. ft. of dining space remodeled to the point of design and finish. Grandfathered in 3-way liquor carry out license! Top floor has 4 apartments all leased. Roofs replaced 3 years ago. Not many opportunities like this come around, to have a restaurant downtown where the retail has picked up in the last 2 years, providing lots of foot traffic as well.
Kendallville is located in Noble Co. and has been seeing both local and outside activity and new development from both residential and commercial markets. Asking Price $179,900

Both buildings have fully rented apartments.
Building #103 has 1-1 bedroom front and 1-2 bedroom rear. $140/week & $150/week
Building #105 has 1-2 bedroom front and 1-2 bedroom rear. $125/week & $145/week

Contact Broker for more information and to set up showing.

Additional Details

Nearest MSA: Kendallville
County: Noble
Tax ID/APN: 57-07-33-340-176;012.000-020
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Visibility: Excellent
Largest Nearby Street: Main St.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,657 13,182 20,247
Median Age: 34.04 37.32 38.29
Households: 2,164 5,211 7,887


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