7209 Engle RdFort Wayne, IN 46804

Property Details for 7209 Engle Rd

Year built

1997

Construction

WOOD

Lot size

0.72 AC

Property size (Sq ft)

7,574 SF

Property type

Office properties

APN

02-11-24-203-005.000-038

APU

21124203005000038

Description

This exceptional 3,402 square foot office suite, located at 7209 Engle Rd, Fort Wayne, IN 46804, presents a fantastic multi-tenant opportunity. Situated in a Class B building constructed in 1997 and renovated in 2005, this two-story property offers a variety of spaces ranging from 100 to nearly 2500 square feet. Suite 200, encompassing 2500 square feet, boasts six private offices, a conference room, work rooms, restrooms, and convenient access to a freight elevator. The building features 8-foot ceilings, 25 total parking spaces, and an elevator for easy access. Enjoy the convenience of a private entrance and front door parking. Located in the desirable Jefferson Park submarket at a well-lit intersection, this property benefits from its proximity to Engle Road, West Jefferson Boulevard, and Interstate 69 (less than one mile away). Nearby amenities include restaurants, shopping centers, medical offices, and Lutheran Hospital. The property is zoned C1. All utilities are included. Lease terms are graduated, increasing to $12-15 per square foot over a three-year period. A chair lift provides convenient access to the second floor. The APN is 02-11-24-203-005.000-038. This is an ideal location for businesses seeking a versatile and well-appointed office space in a thriving Fort Wayne neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,424,526

  6.5%

  $1,314,947

  7%

  $1,221,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $324,345

  Geo Method

  $149,132

• Alternative Use

  Use

  Valuation

  Residential

  $1,630,534

  Hospitality

  $1,493,560

  Educational

  $1,242,624

  Medical

  $1,285,360

  Retail

  $1,932,972

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0422

Longitude

-85.2354

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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