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    5770 Coventry Ln Fort Wayne, IN 46804

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    For Lease
    Contact for pricing

    1,524 SF former drive-thru bank in fast-growing corridor.

    Property size:
    1,524 SF
    Lot size:
    1.08 Acres

    Property Features for 5770 Coventry Ln

    General Information

    Size
    1,524 SF
    Lot size
    1.08 Acres

    Source: Midland Atlantic Indianapolis Office Agent Shawn Heffern

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

    Overview

    Former Drive-Thru Bank For Rent

    This 1,524 square-foot property is a former drive-thru bank situated on 1.08 acres. It occupies a hard corner at a signalized intersection, providing access from both Coventry Lane and Falls Drive. The property is an outlot positioned in front of the number one Kroger in the State of Indiana, ranked by sales volume according to Placer.AI. Located within a quarter mile of I-69, the site is also within two miles of a $450 million IU Health Hospital currently under construction. The surrounding area is experiencing rapid growth, with an annual population increase of 1% within a 5-mile radius.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flagstar Bank Bank

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store 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
    -85.2594921
    Latitude
    41.0323773

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    FAQs

    What type of property is this?
    Specialty property - 1,524 SF former drive-thru bank in fast-growing corridor.
    Where is this specialty property located?
    The property is located at 5770 Coventry Ln Fort Wayne, IN.
    What are key features of this property?
    This property features: - Hard corner location at a signalized intersection with access from two streets.; - Outlot in front of the #1 Kroger in Indiana (by sales volume).; - High-traffic location within .25 miles of I-69.
    (317) 580-9900
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    5770 Coventry Ln 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
    5770 Coventry Ln Fort Wayne, IN 46804
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