For Sale
$2,860,000

4021 Ice Way Fort Wayne, IN 46805

Fort Wayne retail center, 7.40% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
138
Exceptional investment opportunity in Fort Wayne, Indiana, presents the Shoppes at Ice Way, a thriving shopping center. This single-story, 13,806 square foot building, constructed in 2017, sits on a 2.7-acre lot and boasts 100% occupancy with four tenants. The property enjoys a prime location at 4021-4037 Ice Way, benefiting from high visibility near the major intersection of Coliseum Blvd. and Lima Road, experiencing over 43,000 vehicles per day. Its proximity to the Ice House/Fieldhouse, attracting over 1,500,000 visitors annually, further enhances its desirability. The property is zoned I2 and offers a strong net lease investment with a current annual net operating income (NOI) of $211,687, resulting in a compelling 7.40% capitalization rate. This well-maintained shopping center represents a rare opportunity to acquire a high-performing asset in a dynamic market. The asking price is $2,860,000. All financial information is pro-forma unless otherwise stated.

Highlights

  • Exceptional investment opportunity: Shoppes at Ice Way, a 13,806 SF, 100% occupied shopping center in Fort Wayne, IN.
  • Prime location at 4021-4037 Ice Way, near Coliseum Blvd. and Lima Road (43,000+ VPD).
  • Built in 2017, situated on a 2.7-acre lot with four tenants.
  • Strong NOI of $211,687, yielding a 7.40% cap rate; asking price $2,860,000.
  • High visibility and proximity to the Ice House/Fieldhouse (1,500,000+ annual visitors).

Property Details for 4021 Ice Way

Property type
Lifestyle centers, Power centers
Year Built
2017
Buildings
1
Stories
1
Lot Size (sq. ft)
117,612 SF
Units
4

Location Insight

City
Fort Wayne
County
Allen
State
Indiana
Latitude
41.114972034422
Longitude
-85.147502464074

FAQs

What type of property is this?
Lifestyle center - Fort Wayne retail center, 7.40% cap rate.
Where is the lifestyle center located?
The property is located at 4021 Ice Way Fort Wayne, IN.
What is the asking price?
The asking price for this property is $2,860,000.
What are key features of this property?
This property features: Exceptional investment opportunity: Shoppes at Ice Way, a 13,806 SF, 100% occupied shopping center in Fort Wayne, IN.; Prime location at 4021-4037 Ice Way, near Coliseum Blvd. and Lima Road (43,000+ VPD).; Built in 2017, situated on a 2.7-acre lot with four tenants.
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4021 Ice Way
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