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    8416 Illinois Rd Fort Wayne, IN 46804

    For Sale
    $750,000

    Commercial land for sale in high-traffic Illinois Road corridor.

    Property size:
    1 SF
    Lot size:
    1.43 Acres

    Property Features for 8416 Illinois Rd

    General Information

    Size
    1 SF
    Lot size
    1.43 Acres

    Building Details

    Year built
    1966

    Source: Ian Deiser Agent Ian Deiser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Lot For Sale

    This is a prime commercial lot situated in a rapidly developing section of Illinois Road. The property benefits from high traffic volume and favorable demographics. It is located on the north side of Illinois Road, positioned between Shigs N Pit / Indiana Physical Therapy and Wings Etc. The property size is 1 acre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.252205
    Latitude
    41.07511

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    FAQs

    What type of property is this?
    Land - Commercial land for sale in high-traffic Illinois Road corridor.
    Where is this land located?
    The property is located at 8416 Illinois Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Prime lot in a rapidly commercializing Illinois Road corridor; - High traffic counts provide great visibility; - Excellent demographics
    (260) 452-5153
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    8416 Illinois Rd Fort Wayne, IN 46804
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    Fort Wayne, IN 46804
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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
    8416 Illinois Rd Fort Wayne, IN 46804
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