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127 Berry St Fort Wayne, IN 46802

Prime Fort Wayne investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
135
This iconic 13-story, 92,500-square-foot Class A office building, located at 127 W Berry St, Fort Wayne, Indiana, presents a compelling value-add investment opportunity. The property, built in 1923 and extensively renovated in 2024, boasts a prime downtown location (APN: 02-12-02-453-002.000-074) within the DC (Downtown Core) zoning district. Currently serving as the regional headquarters for Centier Bank under a 12-year lease, the building features a multi-tenant occupancy, with some tenants having occupied the space for 30-40 years, ensuring stable income. The property sits on a 0.41-acre lot and offers high visibility and abundant foot traffic, placing it in close proximity to major downtown attractions. An assumable, non-recourse loan is available with a fixed interest rate of 4.26% and a maturity date of July 2029. A $2 million cash investment is required. The building's blend of historic charm and modern amenities makes it an exceptional investment prospect with potential for further value enhancement. The flexible layout can accommodate a variety of office users.

Highlights

  • Regional headquarters for Centier Bank, under a 12-year lease.
  • 92,500 SF Class A office building in Fort Wayne, Indiana's Downtown Core (DC) zoning district, offering flexible layouts.
  • Assumable, non-recourse loan at 4.26% fixed interest, maturing July 2029; requires $2 million cash investment.
  • Extensively renovated in 2024, blending historic charm with modern amenities.
  • High-visibility location with abundant foot traffic in the downtown area.

Property Details for 127 Berry St

Property type
Office properties
Square Feet
92,500 SF
Class
A
Year Built/Renovated
1923/2024
Buildings
1
Stories
13
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Fort Wayne
County
Allen
State
Indiana
Latitude
41.079088111032
Longitude
-85.140796428578

FAQs

What type of property is this?
Office property - Prime Fort Wayne investment opportunity.
Where is the office property located?
The property is located at 127 Berry St Fort Wayne, IN.
What are key features of this property?
This property features: Regional headquarters for Centier Bank, under a 12-year lease.; 92,500 SF Class A office building in Fort Wayne, Indiana's Downtown Core (DC) zoning district, offering flexible layouts.; Assumable, non-recourse loan at 4.26% fixed interest, maturing July 2029; requires $2 million cash investment.
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127 Berry St
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