6501 Stellhorn RdFort Wayne, IN 46815

Property Details for 6501 Stellhorn Rd

Year built

2022

Construction

STEEL FRAME

Lot size

2.58 AC

Property size (Sq ft)

25,272 SF

Property type

Medical offices

Property subtype

Medical centers

APN

02-08-22-351-011.000-072

APU

20822351011000072

Description

This exceptional 4.42-acre commercial land parcel presents a unique investment opportunity in Fort Wayne, Indiana. Located at 6501 Stellhorn Rd, 46815, this C3-zoned property boasts a strategic position in a thriving retail and residential area. Its prime location offers unparalleled visibility and accessibility, situated adjacent to Planet Fitness and directly across from a Target store and several national restaurant chains. The property benefits from convenient access points via both Stellhorn Road and Maplecrest Road, ensuring high traffic flow and excellent exposure for any future development. With a total asking price of $425,000, the land value calculates to approximately $96,153.85 per acre. The Allen County parcel (APN: 02-08-22-351-012.000-072) offers numerous development possibilities, making it an ideal site for a variety of commercial ventures. This is a rare chance to acquire a substantial land holding in a high-demand area with significant growth potential. Don't miss this opportunity to secure a prime piece of Fort Wayne real estate. The property's location and zoning provide a strong foundation for a successful commercial development project. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $5,386,940

  6.5%

  $4,972,560

  7%

  $4,617,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $788,137

  Geo Method

  $497,606

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,109,660

  Retail / Commercial

  $4,804,540

  Mixed-Use / Specialty

  $4,892,340

  Hospitality / Lodging

  $3,725,960

  Institutional / Educational

  $5,123,560

  Residential Income

  $5,994,570

  Multifamily

  $6,607,870

  Automotive / Energy

  $4,391,620

  Parking / Income-Based Land

  $1,411,830

  Restaurant / Food Service

  $2,768,470

  Healthcare / Senior Housing

  $4,909,400

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.1209

Longitude

-85.0589

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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