For Sale
$599,900

1506 Wall St Fort Wayne, IN 46802

Fort Wayne, IN Restaurant - Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional redevelopment opportunity presents a 9,532 square foot, vacant, mixed-use building situated on a 0.24-acre lot at 1506 Wall Street in Fort Wayne, Indiana. Originally constructed in 1918 and extensively renovated in 2023, this two-story building boasts a 12-foot first-floor ceiling height and offers immense potential for various uses, including restaurant, retail, office, or even a multi-family conversion. The property features 12 parking spaces, a new parking lot, updated storm drainage, new insulated roofing, new windows, and upgraded utility services (gas, electric, sewer, and water). The building is zoned I3 and offers convenient rail service access. The asking price is $599,900, translating to $62.94 per square foot. The second floor has a sloped roof, presenting unique design possibilities. This property is a blank canvas for a creative entrepreneur or investor seeking a prime location in a vibrant area with potential for expansion and high returns. The vacant status allows for complete customization to suit any vision. This is a truly unique opportunity to acquire a substantial property in a desirable location with significant upside potential.

Highlights

  • 9,532 SF vacant mixed-use building on a 0.24-acre lot in Fort Wayne, IN.
  • Completely renovated in 2023 with new roof, windows, parking lot, and utilities.
  • 12-foot first-floor ceilings and 12 parking spaces.
  • I3 zoning allows for restaurant, retail, office, or multi-family use.
  • Asking price: $599,900 ($62.94/SF).

Property Details for 1506 Wall St

Property type
Specialty properties, Retail properties
Square Feet
9,532 SF
Year Built/Renovated
1918/2023
Buildings
1
Stories
2
Lot Size (sq. ft)
10,454 SF

Location Insight

City
Fort Wayne
County
Allen
State
Indiana
Latitude
41.0709882
Longitude
-85.1587114

FAQs

What type of property is this?
Specialty property - Fort Wayne, IN Restaurant - Redevelopment Opportunity
Where is the specialty property located?
The property is located at 1506 Wall St Fort Wayne, IN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 9,532 SF vacant mixed-use building on a 0.24-acre lot in Fort Wayne, IN.; Completely renovated in 2023 with new roof, windows, parking lot, and utilities.; 12-foot first-floor ceilings and 12 parking spaces.
How can I contact the broker?
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1506 Wall St
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