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Waterfront Land with Existing Home
For Sale
$1,900,000

14408 Leo Road, Leo, IN 46765

COMMERCIAL - Leo, IN

Property SizeContact for details
Lot Size1.56 Acres
Days on Market367

Property Features for 14408 Leo Road

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Parking features Off Street, Garage
Lot features City
Directions Leo Rd./St Rd 1 Just passed CVS in Leo, on right hand side.
Subdivision Allen County
Standard status Active
APN 02-03-22-176-008.000-082
Lot size 1.56 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description S187.76 OF N247.76 OF W 362 S 20 A FRL NW1/4 BET RD & RIV SEC 22 & S100 Of N 347.76 Of W 361.81Ft Of S 20Ac Nw1/4 Btw Rd & Res
Tax Annual Amount 2935
Legal Description S187.76 OF N247.76 OF W 362 S 20 A FRL NW1/4 BET RD & RIV SEC 22 & S100 Of N 347.76 Of W 361.81Ft Of S 20Ac Nw1/4 Btw Rd & Res

Utilities

Cooling system Central Air
Water front 1

Building Details

Year built 1959
Flooring type Carpet, Vinyl
Roof type Shingle, Asphalt
Listing Agency: F.C. Tucker Fort Wayne
Listed By: Jess Steury · License #RB14052363
Added: Aug 7, 2025 Changed: Aug 4 Last Checked: Aug 8 at 8:06PM
MLS# 202531364

Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Waterfront land on the river featuring an existing home with multiple interior living areas and a finished basement. The home includes 3 bedrooms and 1.5 baths, a kitchen with a massive island and quartz countertops, two living areas, and a 10’ x 30’ sunroom area, along with tons of storage. Additional improvements include a new water heater and new softener. The property also offers a 36’ x 46’ attached garage with multiple entries, plus central air.

The site totals 1.56 acres and is positioned for high visibility and accessibility, with exposure to an estimated 6,000+ passing cars daily. Mature trees and river views contribute to the setting, with parking available via the garage and off-street spaces.

The floor coverings include carpet and vinyl, and the roof is described as asphalt shingle.

Key Highlights

  • 1.56‑acre riverfront property with mature trees and river views
  • Estimated 6,000+ passing cars daily for strong visibility
  • Existing home with 3 bedrooms and 1.5 baths, plus finished basement

Property Analytics

Current Use

Jiffy Wash Car Wash

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Dental Office Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

169
Businesses Nearby

Demographics for 46765, IN

5,580
Population
2,070
Households
2.7
Avg Household Size
41
Median Age
38%
College-Educated
98%
High-School Grad
12.6 sq mi
ZIP Area
443
Density / Sq Mi
$105,114
Median Household Income
$52,500
Median Earnings
$1,148
Median Rent
$281,900
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Waterfront land on the river with an existing home, finished basement, and attached garage for flexible use possibilities.
Where is this waterfront land located?
The property is located at 14408 Leo Road Leo, IN.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 1.56‑acre riverfront property with mature trees and river views; Estimated 6,000+ passing cars daily for strong visibility; Existing home with 3 bedrooms and 1.5 baths, plus finished basement
More about this property
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