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Fort Wayne Retail Center Opportunity
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1421-1571 Goshen Ave., Fort Wayne, IN 46808

20.26-acre retail center with redevelopment potential in Fort Wayne.

Property Size178,102 SF
Lot Size20.26 Acres
Price / SF$49.97
Days on Market103

Property Features for 1421-1571 Goshen Ave.

General Information

Standard status Active
Size 178,102 SF
Class C
Total Parking Spaces 350
Lot size 20.26 Acres
Property subtype Retail
Zoning SC
Occupancy 76%
Investment Type Value Add

Building Details

Year Built 1958
Buildings 2
Stories 1
Units 23
Tenancy Multi
Listing Agency: Bradley Company Fort Wayne
Listed By: Carolyn Spake-Leeper, SIOR · License #IN RB14041366
Source: Crexi
Added: May 20 Changed: Aug 21 Last Checked: Aug 29 at 5:19PM

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 Bradley Company Fort Wayne

Investment Insights

Based on property information with market context.

This commercial property is situated on a 20.26-acre lot within an infill commercial corridor on the northwest side of Fort Wayne, where parcels of comparable size are becoming increasingly rare. Located on Goshen Avenue, just 3/4 of a mile south of Coliseum Boulevard, the property benefits from its position within a well-established commercial area. This node experiences consistent daily traffic, established retail patterns, and convenient access to downtown, highway connections, and nearby residential neighborhoods. The property currently generates income with a diverse mix of tenants and offers significant redevelopment potential. Flexible lease structures allow for site reconfiguration, including the possibility of selective demolition of the south end cap without disrupting ongoing operations. There is value-add potential through the creation of additional parcels for sale or ground lease from the divisible 2 to 3-acre outlot. Capital investment could potentially increase below-market rents, improve operational efficiencies, modernize the center, and enhance curb appeal. The property contains 178,102 square feet.

Key Highlights

  • Rare 20.26‑acre lot in a desirable infill commercial corridor.
  • Located on Goshen Avenue, near Coliseum Boulevard, in a high‑traffic commercial area.
  • In‑place income with a diverse tenant mix.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

288
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46808, IN

19,894
Population
9,298
Households
2.1
Avg Household Size
35
Median Age
19%
College-Educated
88%
High-School Grad
10.6 sq mi
ZIP Area
1,877
Density / Sq Mi
$53,632
Median Household Income
$35,123
Median Earnings
$939
Median Rent
$127,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Shopping center - 20.26-acre retail center with redevelopment potential in Fort Wayne.
Where is this shopping center located?
The property is located at 1421-1571 Goshen Ave. Fort Wayne, IN.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: Rare 20.26‑acre lot in a desirable infill commercial corridor.; Located on Goshen Avenue, near Coliseum Boulevard, in a high‑traffic commercial area.; In‑place income with a diverse tenant mix.
(260) 423-4311 Call to check price and availability
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