5909 Illinois RdFort Wayne, IN 46804

Property Details for 5909 Illinois Rd

Year built

1993

Construction

TYPE NOT SPECIFIED

Lot size

42.69 AC

Property size (Sq ft)

218,656 SF

Property type

Outlet malls

APN

02-12-07-201-007.000-074

APU

21207201007000074

Description

This exceptional retail leasing opportunity offers two available spaces, totaling 904 square feet, within high-traffic Meijer stores across the Midwest. These prime, front-of-store locations provide unparalleled visibility and access to thousands of weekly customers. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance (CAM), and utilities, simplifying operations. Strategically placed for maximum customer interaction, these spaces boast both interior and exterior branding opportunities via building signage. Located in thriving trade areas with desirable demographics, these spaces are ideal for a variety of businesses, including financial institutions, food and beverage establishments, service businesses, and health and wellness providers. Multiple vacancies exist in various Meijer locations throughout the Midwest. Allen County properties are currently available. The spaces range in size from 661 to 904 square feet. This "Store-Within-A-Store" concept offers a unique opportunity to position your business within one of the Midwest's most well-known retail destinations. Currently, 904 square feet are vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $45,033,500

  6.5%

  $41,569,400

  7%

  $38,600,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,732,700

  Geo Method

  $4,477,550

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $78,817,800

  Mixed-Use / Specialty

  $42,329,000

  Hospitality / Lodging

  $32,237,400

  Office

  $43,023,100

  Institutional / Educational

  $44,329,600

  Residential Income

  $51,865,600

  Multifamily

  $57,172,000

  Automotive / Energy

  $37,996,800

  Parking / Income-Based Land

  $12,215,300

  Restaurant / Food Service

  $23,953,100

  Healthcare / Senior Housing

  $42,476,700

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0717

Longitude

-85.2161

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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