5807 Creek BlvdFort Wayne, IN 46818

Property Details for 5807 Creek Blvd

Year built

1999

Construction

TYPE NOT SPECIFIED

Lot size

13.64 AC

Property size (Sq ft)

109,164 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

02-07-22-101-002.000-073

APU

20722101002000073

Description

This exceptional 4-acre commercial land parcel in Fort Wayne, Indiana, presents a compelling investment opportunity. Located at 5807 W Creek Blvd, the property boasts 630 feet of frontage along heavily trafficked Washington Center Road, seeing 15,751 vehicles daily. Its I-1 zoning allows for a wide range of development options, making it ideal for retail or professional office space. The site benefits from its prominent location within a thriving retail and professional business sector, anchored by Furniture Row. Further enhancing its appeal are planned expansions to Washington Center Road between Lima Road and Hillegas Road, promising increased accessibility and visibility. This shovel-ready location offers significant potential for developers seeking a high-impact site in a dynamic market. The asking price is $1,350,000. The property is situated in Allen County, Indiana, zip code 46818.

• CAP approach

  CAP return

  Valuation

  6%

  $30,181,562

  6.5%

  $27,859,902

  7%

  $25,869,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,756,602

  Geo Method

  $5,416,586

• Alternative Use

  Use

  Valuation

  Residential

  $23,500,870

  Hospitality

  $21,526,670

  Educational

  $17,909,938

  Medical

  $18,525,888

  Retail

  $27,859,902

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.1308

Longitude

-85.1726

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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