222 Berry StFort Wayne, IN 46802

Property Details for 222 Berry St

Year built

2021

Construction

CONCRETE

Lot size

1.00 AC

Property size (Sq ft)

15,182 SF

Property type

Retail properties

Property subtype

Parking lots & garages

APN

02-12-02-414-008.000-074

APU

21202414008000074

Description

The Ashberry offers exceptional retail opportunities in a vibrant downtown setting. This three-story building, constructed in 2023, is part of a larger mixed-use development including a seven-story office tower and a 387-space parking garage. The building is zoned DC and located in Allen County. Two retail spaces are currently available, ranging in size from 2,436 square feet to 7,077 square feet, providing flexibility for various business needs. The development's strategic location ensures high visibility and accessibility for customers. The modern design and ample parking provide a convenient and attractive environment for both businesses and their clientele. This is an ideal opportunity to establish a presence in a thriving downtown area, benefiting from the synergy created by the surrounding office tower and convenient parking. A virtual tour is available for a detailed view of the property. The building features multiple tenancies, allowing for diverse business options within the same complex. This presents a unique chance to be part of a dynamic and growing commercial center.

• CAP approach

  CAP return

  Valuation

  6%

  $4,197,505

  6.5%

  $3,874,620

  7%

  $3,597,862

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,635,142

  Geo Method

  $753,313

• Alternative Use

  Use

  Valuation

  Residential

  $3,268,387

  Hospitality

  $2,993,825

  Educational

  $2,490,827

  Medical

  $2,576,491

  Retail

  $3,874,620

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0794

Longitude

-85.1421

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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