Cash required for purchase is $1,550,000 with assumable loan of $5,540,000 at 4.26% fixed, non-recourse, maturity July 2029. 92,500 SF historic building with flexibility to accommodate wide variety of office uses. 12% cash on cash return for this office building investment.
Once known as the tallest bank and office building in Northern Indiana, originally named The Commerce Building, is a historical masterpiece in downtown Fort Wayne. Large limestone pillars, glazed terracotta capped cornices, and elaborate carved stonework adorn the beautifully preserved exterior. Designed by architect William Weatherhog and drawn by Thomas M James in 1923, the lobby hosts beautiful murals depicting original scenes of the canal, gold leaf crown molding, granite tile walls, and 33' ceilings. The property is a beacon for the city with prestigious tenants, notable address, and location in the heart of Downtown.