116 Berry StFort Wayne, IN 46802

Property Details for 116 Berry St

Year built

1930

Construction

CONCRETE

Lot size

0.77 AC

Property size (Sq ft)

174,673 SF

Property type

Office properties

APN

02-12-02-417-003.000-074

APU

21202417003000074

Description

Lincoln Tower, a historic 22-story building in downtown Fort Wayne, Indiana, offers over 130,000 square feet of newly renovated office space. This Class B building, constructed in 1930, is zoned B-3-A and located at 116 E Berry St, Fort Wayne, IN 46802, within the Downtown Fort Wayne submarket of Allen County. The property features multiple tenancies with spaces available ranging from a minimum of 500 square feet to a maximum contiguous space of 15,000 square feet. Tenants can choose from move-in ready spaces or customize their office to meet specific needs. Building amenities include convenient on-site services such as Old National Bank, the Lincoln Tower Fountain Snack Shop, and a tenant conference room complete with a kitchenette. The building is equipped with elevators. This versatile property is ideal for businesses seeking traditional, executive, or creative office space in a prime downtown location. The building offers a variety of options to accommodate businesses of all sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $32,852,672

  6.5%

  $30,325,544

  7%

  $28,159,434

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,464,928

  Geo Method

  $3,439,311

• Alternative Use

  Use

  Valuation

  Residential

  $37,603,676

  Hospitality

  $34,444,764

  Educational

  $28,657,638

  Medical

  $29,643,220

  Retail

  $44,578,548

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0791

Longitude

-85.1387

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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