Office Suite with Industrial
For Sale
Contact for pricing
116 W Columbia Street Unit 301, Fort Wayne, IN 46802
A kitchenette, private restroom, and entrances from both Columbia Street and Dock Street serve the suite.
Property Size1,410 SF
Price / SF$14.43
Days on Market9
Property Features for 116 W Columbia Street Unit 301
General Information
Standard status
Active
Size
1,410 SF
Elevators
Yes
Property subtype
Commercial
Site & Location
Neighborhood
Bloomingdale Neighborhood Assn
Road Access
Yes
Additional Details
Floor
3
Property Use
Office
Building Details
Year Built
1912
Listing Agency:
Coldwell Banker Real Estate Gr
Listed By:
Heather Klejnot · License #RB16001290
(260) 267-1996
Source:
Jmrealtyonline
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Real Estate Gr
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Investment Insights
Based on property information with market context.
Located at 116 W Columbia Street, Suite 301 contains 1,410 SF of office space with an industrial-style interior. The design includes exposed ductwork, brick walls, and concrete ceilings, along with a kitchenette and private restroom. The conference room looks out onto the surrounding streetscape.
The suite has two points of entry: one from Columbia Street and another from Dock Street, with the rear entrance reached by stairwell or elevator. Columbia Street is pedestrian-only and lined with restaurants, retail, and service businesses. Nearby parking garages and lots offer hourly and monthly parking.
The suite has two points of entry: one from Columbia Street and another from Dock Street, with the rear entrance reached by stairwell or elevator. Columbia Street is pedestrian-only and lined with restaurants, retail, and service businesses. Nearby parking garages and lots offer hourly and monthly parking.
Key Highlights
- 1,410 SF office suite
- Concrete ceilings, brick walls, and exposed ductwork
- Kitchenette and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,558
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,160
$311.2K
Cap Rate 7%
$222,257
$222.3K
Cap Rate 9%
$172,867
$172.9K
Market Conditions
NOI Build-Up for 1,410 SF
Gross rent
$24.0K $17.04/SF
− Vacancy
−$3.3K −$2.33/SF
EGI
$20.7K $14.71/SF
− OpEx
−$5.2K −$3.68/SF
NOI
$15.6K $11.03/SF
Area
Fort Wayne, IN
Vacancy
13.66%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,160
Cap Rate 7%
$222,257
Cap Rate 9%
$172,867
Alternative Uses
Best Use
Office B
$222.3K
$194.5K – $259.3K
NOI $15,558 @ 7.0% cap · market cap 76.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,452 @ 7.0% cap · market cap 405.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 46802, IN
10,664
Population
5,831
Households
1.8
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
2,539
Density / Sq Mi
$40,903
Median Household Income
$32,172
Median Earnings
$880
Median Rent
$131,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A kitchenette, private restroom, and entrances from both Columbia Street and Dock Street serve the suite.
Where is this office unit located?
The property is located at 116 W Columbia Street Unit 301 Fort Wayne, IN.
What are key features of this property?
This property features: 1,410 SF office suite; Concrete ceilings, brick walls, and exposed ductwork; Kitchenette and private restroom
