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    3500 Illinois Rd Fort Wayne, IN 46802

    For Sale
    $1,400,000

    Divisible land suitable for retail, office, industrial, or multifamily.

    Lot size:
    14.84 Acres

    Property Features for 3500 Illinois Rd

    General Information

    Lot size
    14.84 Acres

    Source: Xplor Commercial Real Estate Agent Dennis Callison

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

    Overview

    Development Ready Land For Sale

    This property features land that is fully divisible from 0.5 to 14.84 acres. It is located along the corridor connecting Southwest Fort Wayne to Downtown. The site experiences abundant daily traffic, including travelers, business, and local commuters. It is suitable for retail, office, industrial, storage, or multifamily development. All infrastructure is established, making the site development ready.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.186461
    Latitude
    41.074995

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    FAQs

    What type of property is this?
    Land - Divisible land suitable for retail, office, industrial, or multifamily.
    Where is this land located?
    The property is located at 3500 Illinois Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Fully divisible from 0.5 to 14.84 acres, offering flexible development options.; - Located along a high-traffic corridor connecting Southwest Fort Wayne to Downtown.; - Suitable for a wide range of uses: retail, office, industrial, storage, or multifamily.
    (260) 438-6251
    Request Owner's contact information
    3500 Illinois Rd Fort Wayne, IN 46802
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    Fort Wayne, IN 46802
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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
    3500 Illinois Rd Fort Wayne, IN 46802
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