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Waterfront Commercial Land
For Sale
$1,900,000

14408 Leo Road, Leo, IN 46765

COMMERCIAL, Leo, IN

Property SizeContact for details
Lot Size1.56 Acres
Days on Market413

Property Features for 14408 Leo Road

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Parking features Garage, Off Street
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 Vinyl, Carpet
Roof type Shingle, Asphalt
Listing Agency: F.C. Tucker Fort Wayne
Listed By: Jess Steury · License #RB14052363
Added: Aug 7, 2025 Changed: Sep 15 Last Checked: Sep 23 at 4:06AM
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.

This 1.56-acre commercial land property includes an existing home-style building with three bedrooms, 1.5 baths, two living areas, a kitchen with a large island and quartz countertops, and a 10' x 30' sunroom. Additional improvements include a full finished basement, substantial storage, a new water heater and softener, and a 36 x 46 attached garage with multiple entry points. Central air, vinyl and carpet flooring, asphalt shingle roofing, and off-street parking are also present.

The property is located at 14408 Leo Road in Leo, Indiana, within Allen County and the 46765 postal code. River frontage, mature trees, and river views contribute to the setting, while reported exposure exceeds 6,000 passing cars daily. The existing improvements provide interior and covered space alongside the commercial land component.

Key Highlights

  • 1.56 acres of commercial land with river frontage and river views
  • Reported exposure to 6,000+ passing cars daily
  • Existing building includes 3 beds/1.5 baths, two living areas, and a 10'x30' sunroom

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Commercial land - Riverfront acreage includes an existing improved building with garage, basement, kitchen, and flexible interior space.
Where is this commercial 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 acres of commercial land with river frontage and river views; Reported exposure to 6,000+ passing cars daily; Existing building includes 3 beds/1.5 baths, two living areas, and a 10'x30' sunroom
More about this property
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