3030 Lake AveFort Wayne, IN 46805

Property Details for 3030 Lake Ave

Year built

1972

Construction

TYPE NOT SPECIFIED

Lot size

3.38 AC

Property size (Sq ft)

44,310 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

02-13-06-227-001.000-070

APU

21306227001000070

Description

This single-story, 44,172 square foot office building at 3030 Lake Avenue in Fort Wayne, Indiana, offers a variety of lease options for executive and creative office spaces. Currently, 12,339 square feet are vacant, with a maximum contiguous space of 6,655 square feet available. Built in 1972, the property features multiple tenancies, each with dedicated restrooms and extensive plumbing. The building is ADA compliant, boasting four separate entrances and ample surface parking. The location is highly desirable, situated within Fort Wayne's major medical/service district, near Parkview Hospital-Randallia, VA-Northern Indiana Health Care System, St. Anne Home & Retirement Community, and Crossroad Child & Family Services, and directly adjacent to the $38 million Byron Health Center project. Lease rates generally range from $7.50 to $12.00 per square foot annually, however, Suite 30 is available for $500 per month on a month-to-month basis. The property is zoned R-1 and its APN is 02-13-06-227-001.000-070. This prime location offers excellent visibility and accessibility, making it an ideal space for a variety of businesses. Inquire today to learn more about available suites and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $8,333,869

  6.5%

  $7,692,802

  7%

  $7,143,316

• Comparable approach

  Method

  Valuation

  Relative Method

  $872,464

  Geo Method

  $872,464

• Alternative Use

  Use

  Valuation

  Residential

  $9,539,075

  Hospitality

  $8,737,741

  Educational

  $7,269,698

  Medical

  $7,519,714

  Retail

  $11,308,419

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0891

Longitude

-85.0995

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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