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

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%

  $3,126,820

  6.5%

  $2,886,300

  7%

  $2,680,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $674,820

  Geo Method

  $310,891

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,472,580

  Mixed-Use / Specialty

  $2,939,040

  Hospitality / Lodging

  $2,238,350

  Office

  $2,987,240

  Institutional / Educational

  $3,077,950

  Residential Income

  $3,601,200

  Multifamily

  $3,969,640

  Automotive / Energy

  $2,638,240

  Parking / Income-Based Land

  $848,149

  Restaurant / Food Service

  $1,663,140

  Healthcare / Senior Housing

  $2,949,290

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

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