Downtown Retail Office
For Sale
Contact for pricing
1419 Fairfield Ave, Fort Wayne, IN 46802
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$110.94
Days on Market222
Property Features for 1419 Fairfield Ave
General Information
Standard status
Active
Size
4,498 SF
Property subtype
Retail
Zoning
DE
Site & Location
Neighborhood
West Central Neighborhood Assn
Traffic Count
10,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
BND Commercial Real Estate
Listed By:
Dalton Jasper · License #IN 18000785
(260) 438-6401
Source:
Crexi
Added: Mar 17
Changed: Oct 16
Last Checked: Oct 23 at 6:52AM
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 Real Estate
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,215
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,300
$864.3K
Cap Rate 7%
$617,357
$617.4K
Cap Rate 9%
$480,167
$480.2K
Market Conditions
NOI Build-Up for 4,498 SF
Gross rent
$67.5K $15.00/SF
− Vacancy
−$5.7K −$1.28/SF
EGI
$61.7K $13.73/SF
− OpEx
−$18.5K −$4.12/SF
NOI
$43.2K $9.61/SF
Area
Fort Wayne, IN
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,300
Cap Rate 7%
$617,357
Cap Rate 9%
$480,167
Alternative Uses
Best Use
Retail
$617.4K
$540.2K – $720.3K
NOI $43,215 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.76M
$3.29M – $4.38M
NOI $263,028 @ 7.0% cap · market cap 52.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
10,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,553
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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 $499,000.
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.
