4809 Illinois RdFort Wayne, IN 46804

Property Details for 4809 Illinois Rd

Year built

1974

Construction

TYPE NOT SPECIFIED

Lot size

2.80 AC

Property size (Sq ft)

15,238 SF

Property type

Office properties

APN

02-12-08-126-002.000-074

APU

21208126002000074

Description

This exceptional 15,545-square-foot office building, situated on a 2.45-acre lot in Fort Wayne, Indiana, presents a compelling investment opportunity. Built in 1974, the single-story structure is zoned C2 and boasts ample parking, ideal for both office and retail uses. Its prime location on Illinois Road offers unparalleled visibility, directly adjacent to Apple Glen Crossing and Jefferson Pointe, two thriving commercial centers. The property benefits from its proximity to major retailers including Kohl's, Dick's Sporting Goods, Walmart, Von Maur, Target, Lowe's, and Menards, as well as numerous restaurants. Conveniently located just 1.1 miles east of I-69, this property enjoys easy access to major transportation routes. The asking price is $3,200,000, translating to $205.85 per square foot. The property is divisible, with options for smaller spaces, including a 2,667 square foot office space and a 3,434 square foot warehouse space. This presents a unique chance to acquire a well-positioned asset in one of Fort Wayne's most desirable retail submarkets. The Allen County property, with APN 02-12-08-126-002.000-074, offers significant potential for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,865,978

  6.5%

  $2,645,518

  7%

  $2,456,553

• Comparable approach

  Method

  Valuation

  Relative Method

  $652,028

  Geo Method

  $300,036

• Alternative Use

  Use

  Valuation

  Residential

  $3,280,443

  Hospitality

  $3,004,868

  Educational

  $2,500,015

  Medical

  $2,585,994

  Retail

  $3,888,912

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0737

Longitude

-85.204

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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