Downtown Turnkey Restaurant Investment

Own a piece of Fort Wayne History! This investment opportunity is a portfolio of two buildings and parking lot in downtown Fort Wayne. The property at 1915 Calhoun Street, Fort Wayne, IN, is an 8,762 SF free-standing building, turnkey restaurant/bar  originally  constructed  in  1902  and  over  $200,000  of improvements in 2023. The second building at 112 E Masterson Avenue is an 8,246 SF nightclub/bar also steeped in historical relevance and community importance.
The investment offers expansive retail, restaurant, and event space potential. With "Opportunity Zone" incentives, this property rests in the heart of the Calhoun Street corridor and encompasses over an acre of prime downtown land. With multiple kitchens, bars, event spaces, and 3-way Liquor License, it's an ideal turnkey restaurant with event venue. Additional value lies in the potential expansion into the un?nished second level, perfect for an event center, wedding venue, dining, bar, lounge, and more.
1915 Calhoun St: Proof  Restaurant,  formerly  Welch's  Ale  House,  is  a downtown staple with historic signi?cance. Patrons enjoy the relaxed environment and chef curated menu of fresh ingredients and ?avors of modern American cuisine. The owners of Proof completed major renovations totaling $200,000 in 2023 which includes a new bar, updated event room, new grease trap, and a 700 square foot kitchen! As a cherry-on-top, this sale includes a ~60 space parking lot, 3- way liquor license, kitchen and bar equipment, furniture, and dedicated customer base. From the original wood ?oors and tin ceiling to the impressive outdoor patio, this property is looking for an owner who loves history and offering a nice night out.
112 E Masterson Ave was once one of Fort Wayne's hottest night clubs, "The Babylon".  This building, steeped in historical relevance to the city of Fort Wayne was built in 1902 with a basement, and two story building. The building is comprised of a basement with a full bar and restroom; main level has a full bar and two restrooms; second level is raw but primed to be converted to event, of?ce, lounge, or venue space; and outdoor patio. This building is offered in the investment package along with the turnkey restaurant and .6 acre parking lot with room to expand. The parking lot has frontage along the heavily traveled US 27 (Clinton St) which is the primary one- way artery traveling South from Downtown Fort Wayne.