Downtown Retail Office
1419 Fairfield Ave Fort Wayne, IN 46802
1419 Fairfield Ave, Fort Wayne, IN, 46802
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For Sale
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Redevelopment property offering 4,498 SF of retail, office, or mixed use space plus a detached 1,100 SF garage.
Property Size4,498 SF
Price / SF$122.28
Days on Market127
Property Features for 1419 Fairfield Ave
General Information
- Standard status
- Active
- Size
- 4,498 SF
- Property subtype
- RETAIL
Listing agency
BND Commercial, LLC
(260) 705-2928
Listed by
Austin Hoskins · License #18000785
(260) 705-2928
Source
Moodyscre
Added: Mar 17 Updated: Jul 20 at 4:34PM Checked: Jul 21 at 5:27AM
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 BND Commercial, LLC
Investment Insights
Based on property information with market context.
This property presents 4,498 SF of retail, office, or mixed-use redevelopment space, along with a separate detached garage of 1,100 SF. The combination of commercial floor area and detached garage provides flexibility for a variety of redevelopment concepts under the property’s zoning designation.
Located on Fairfield Avenue, the site has high visibility with over 10,000 vehicles per day and convenient access to US Highway 27 and I-69.
Zoning is listed as Downtown Edge, which supports flexible use for redevelopment planning.
Located on Fairfield Avenue, the site has high visibility with over 10,000 vehicles per day and convenient access to US Highway 27 and I-69.
Zoning is listed as Downtown Edge, which supports flexible use for redevelopment planning.
Key Highlights
- 4,498 SF redevelopment property for retail, office, or mixed‑use use.
- Detached 1,100 SF garage on site.
- Downtown Edge zoning allows flexible use.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.6k | $17.04 |
| − Vacancy | −$10.5k | −$2.33 |
| EGI | $66.2k | $14.71 |
| − OpEx | −$16.5k | −$3.68 |
| NOI | $49.6k | $11.03 |
4,498 SF · lease $17.04/SF/yr · vacancy 13.66% · expense 25.00%
Alternative Uses
Best Use
Office B
$709.0K
$620.4K – $827.2K
NOI $49,632 @ 7.0% cap · market cap 9.02%
Second Best
Retail
$617.4K
$540.2K – $720.3K
NOI $43,215 @ 7.0% cap · market cap 7.86%
Theoretical Best
Multifamily LT 5
$3.76M
$3.29M – $4.38M
NOI $263,028 @ 7.0% cap · market cap 47.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Redevelopment property offering 4,498 SF of retail, office, or mixed use space plus a detached 1,100 SF garage.
Where is this retail space located?
The property is located at 1419 Fairfield Ave Fort Wayne, IN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,498 SF redevelopment property for retail, office, or mixed‑use use.; Detached 1,100 SF garage on site.; Downtown Edge zoning allows flexible use.
