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1106 Plymouth Street

Bremen, IN 46506
  • $340,000
  • STATUS: Active
  • ON SITE: 60 Days
  • MLS #: 202400031
UPDATED: 50 min ago
$340,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,688
    SQFT
Neighborhood:
Type:
Commercial
Built:
1983
County:
Area:

School Ratings & Info

Listing provided by Nick Demaegd of Century 21 Circle: Office: 574-314-6000.

Description

Tenant occupied investment property performing at 12% CAP rate. Seller is expanding his other business and needs to cash out! El Rancho Viejo is the current lessee and is a popular restaurant with a loyal clientele. Current lease runs through 2027 with landlord paying only taxes. The sale includes the real estate, specific trade fixtures, and a 3-way liquor license. The property sits on the main east-west corridor through town with an daily average of 8,432 vehicles and is poised for additional growth. Bremen is the largest city in Marshall county and has a large and well established local manufacturing corridor, low cost of doing business, and a regional commitment to continued growth. This is a great opportunity to see great rental return with a well liked and performing tenant. Monthly rent at $4,000/yr through 2026, $5,000/yr 2027 Parking for 35 cars. Included inventory attached. Tenant shows interest in renewing lease post 2027

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© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2024-02-29T12:28:30.507.

www.housesinfortwayne.com/homes/146295136
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1106 Plymouth Street Bremen, IN 46506

  • Price: $340,000
  • Status: Active
  • On Site: 60 Days
  • Updated: 50 min ago
  • MLS #: 202400031
0
Beds
0
Baths
0
½ Baths
0.48
Acres
2,688
SQFT
$126
$/SQFT
1983
Built
Neighborhood:
None
County:
Marshall
Area:
Marshall
Property Description
Tenant occupied investment property performing at 12% CAP rate. Seller is expanding his other business and needs to cash out! El Rancho Viejo is the current lessee and is a popular restaurant with a loyal clientele. Current lease runs through 2027 with landlord paying only taxes. The sale includes the real estate, specific trade fixtures, and a 3-way liquor license. The property sits on the main east-west corridor through town with an daily average of 8,432 vehicles and is poised for additional growth. Bremen is the largest city in Marshall county and has a large and well established local manufacturing corridor, low cost of doing business, and a regional commitment to continued growth. This is a great opportunity to see great rental return with a well liked and performing tenant. Monthly rent at $4,000/yr through 2026, $5,000/yr 2027 Parking for 35 cars. Included inventory attached. Tenant shows interest in renewing lease post 2027
Exterior Features

Construction Type1 Framed Exterior ConcreteStucco Fire Doors YN Yes Lighted Parking YN Yes Location City Lot Dimensions 140x150 Parking PavedPrivate Parking Spaces 35 Parking Type Lotpavedprivate Parking YN Yes Road Access City Roof Material Rubber Security Light YN Yes Sign Type Street Sign Pole Signs YN Yes Waterfront YN No

Interior Features

Basement Foundation Slab Basement YN No Bldg1 Above Grd Sq Ft 2688 Bldg1 Below Grd Sq Ft 0 Bldg1 Fin Office Sq Ft 2688 Ceiling Height 10' Column Spacing varies Cooling Central Air Flooring Tile Heating Fuel GasForced Air Interior Height 9' Interior Walls Drywall Internal Rooms KitchenOfficeStorage Special Features Handicap AccessOffice SpacePublic RestroomsReception AreaRefrigeration/Freezer Total Restrooms 2

Property Features

Annual Taxes 4255 Auction YN No Buildings 1 Burglar Alarm YN Yes Business Name El Rancho Viejo Currently Leased YN Yes Documents Available Lease Enterprise Zone No Equipment YN Yes Fire Protection Township For Sale Or Rent For Sale Gross Monthly Expenses 0 Gross Monthly Rent 4000 Ingress Egress Combo Lease Term Remaining 3+ years New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Present Use Restaurant Property Sub Type Restaurant/Bar Property Use Investment Property Proposed Financing CashConventional Public Utilities Electric Hook-UpGas Hook-UpMun. Sewer to SiteMun. Water to Site Reo YN No Sale Includes BuildingFurnitureLeaseLicense Included Sewer City Smoke Fire Alarm YN Yes Sprinkler System YN No Tax Abatement No Township German Traffic Count 8432 (2022) Water Heater YN Yes Water Softener YN No Water Utility City Year Taxes Payable 2023

Listing provided by Nick Demaegd of Century 21 Circle: Office: 574-314-6000.

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty.


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2024-02-29T12:28:30.507.

 
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Barnes Real Estate Services | North Eastern Group Realty
10808 La Cabreah Ln
Fort Wayne IN, 46845
Listing provided by Nick Demaegd of Century 21 Circle: Office: 574-314-6000.