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    1515 Tecumseh St Fort Wayne, IN 46805

    For Sale
    $265,000

    Mixed Use - Fort Wayne, IN

    Type:Mixed Use
    Lot size:
    0.11 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 9:06 am

    Property Features for 1515 Tecumseh St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    02-07-36-382-024.000-074
    Interior features
    Wood, Living Space, Basement, Display Window(s), Clear Span
    Exterior features
    Living Space, Basement, Display Window(s), Clear Span
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1915
    Floors in Building
    2
    Flooring type
    Wood
    Roof type
    Asphalt
    Architectural style
    Other

    Metro Realty (260) 744-2537 [email protected]

    Listing agent Brian Schaper (260) 744-2537 License #RB14051560

    Listing date Nov 21, 2025

    MLS# 202545385 Listing URL

    Copyright © 2025 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.

    Overview

    Mixed-Use Property in Lakeside Neighborhood

    Located at the corner of Tennessee and Tecumseh in the Lakeside Neighborhood, a few blocks from Lakeside Park, this mixed-use property features three distinct spaces. The first is a vacant commercial storefront at 1035 Tennessee, which has high ceilings, a front door, a side door, and a rear door. It also includes a front patio space that could be fenced or gated. The space has been gutted to the studs and insulated, awaiting a custom build-out; its last use was as a laundromat. Above the storefront is a two-bedroom apartment with a large balcony on the rear, consisting of a living room, dining room, kitchen, two bedrooms, and a bath. The apartment primarily needs mechanicals. To the rear of the property is a single residence that is move-in ready. The property offers many potential uses, including retail, office, and residential. The lot size is 0.11 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    hipwarm.shop Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.126064
    Latitude
    41.089784

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with storefront, apartment, and single residence.
    Where is this mixed-use property located?
    The property is located at 1515 Tecumseh St Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: - Prime Lakeside Neighborhood location near Lakeside Park; - Three distinct spaces: storefront, apartment, and single residence; - Vacant commercial storefront (1035 Tennessee) gutted and insulated, ready for custom build-out
    (260) 744-2537
    Request Owner's contact information
    1515 Tecumseh St Fort Wayne, IN 46805
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1515 Tecumseh St Fort Wayne, IN 46805
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