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Historic Brick Office Building Downtown

229 W Berry St, Fort Wayne, IN

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For Sale

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Five-story, 24,438 SF office building in downtown Fort Wayne.

Type:OFFICE

Property size:

24,438 SF

Lot size:

0.41 Acres

Price / SF:

$132/SF

HighLights

Fully occupied, stabilized asset with below‑market rents offering significant revenue growth potential.
Prime downtown Fort Wayne location in the Harrison Street Corridor, adjacent to Ash Skyline Plaza and across from Star Bank Headquarters.
Historic 5‑story brick building with 24,438 SF of space, including a basement for storage.
Walking distance to numerous amenities, including restaurants, convention center, parks, and entertainment venues.
Located in a thriving area with significant recent infrastructure and commercial development.
Good mix of long‑term tenants.

We can help!

Listing Contact

John Caffray

For Sale

Contact for pricing

Five-story, 24,438 SF office building in downtown Fort Wayne.

Type:OFFICE

Property size:

24,438 SF

Lot size:

0.41 Acres

Price / SF:

$132/SF

Added:: Jun 25, 2025
Days on Market:: 357
Last Refresh:: May 20 at 8:08 pm

Property Features for 229 W Berry St

General Information

Standard status: Active
Size: 24,438 SF
Lot size: 0.41 Acres
Property subtype: OFFICE

We can help!

Listing Contact

John Caffray

Listing agent John Caffray License #RB14049106

Listing office Sturges Property Group

Listing date Jun 25, 2025

Source Moodyscre

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 Sturges Property Group

HighLights

Fully occupied, stabilized asset with below‑market rents offering significant revenue growth potential.
Prime downtown Fort Wayne location in the Harrison Street Corridor, adjacent to Ash Skyline Plaza and across from Star Bank Headquarters.
Historic 5‑story brick building with 24,438 SF of space, including a basement for storage.
Walking distance to numerous amenities, including restaurants, convention center, parks, and entertainment venues.
Located in a thriving area with significant recent infrastructure and commercial development.
Good mix of long‑term tenants.

Overview

Located in the Harrison Street Corridor of downtown Fort Wayne, 229 W Berry Street is a historic brick office building comprising five stories and a basement, totaling 24,438 square feet. The property is being offered as a fully occupied asset with below-market rents. The office building is adjacent to Ash Skyline Plaza and across from the Star Bank Headquarters. It is within walking distance of The Landing, Grand Wayne Convention Center, Allen County Courthouse, Promenade Park, Parkview Field, restaurants, office buildings, and Fort Wayne’s Visitors Center. Over 30,000 employees work in the area during the week, and the Grand Wayne Convention Center hosts more than 300 events each year. The Harrison Street Corridor has experienced infrastructure and commercial development, including The Bradley boutique hotel, remodeled Randall Lofts, the redevelopment of The Landing District, and Promenade Park at the Riverfront. The building is a well-maintained, 24,438 square foot, 5-story brick historic office building with a mix of long-term tenants. It is being offered as a 100% occupied and stabilized asset with the opportunity to increase revenue by taking advantage of below-market rents. This centrally located building is in downtown Fort Wayne’s central business district, also known as The Gateway District.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$416.4k	$17.04
− Vacancy	−$56.9k	−$2.33
EGI	$359.5k	$14.71
− OpEx	−$89.9k	−$3.68
NOI	$269.7k	$11.03

24,438 SF · lease $17.04/SF/yr · vacancy 13.66% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.85M

$3.37M – $4.49M (±1% cap)

NOI $269,655 @ 7.0% cap · market cap 8.30%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$20.42M

$17.86M – $23.82M (±1% cap)

NOI $1,429,051 @ 7.0% cap · market cap 43.97%

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

Property Profile Location Intelligence

Current Use by Public Records

Wagner Robert A Law Firm Kleven Law, LLC Law Firm Summer City Asphalt ... General Contractor The Law Office of Marcus ... Law Firm Petro Reporting Law Firm

Suggested Use

Location Insight

Map
Local Demand

City: Fort Wayne
County: Allen
State: Indiana
Longitude: -85.1424
Latitude: 41.0787

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What type of property is this?

Office building - Five-story, 24,438 SF office building in downtown Fort Wayne.

Where is this office building located?

The property is located at 229 W Berry St Fort Wayne, IN.

What is the asking price?

The asking price for this property is $3,250,000.

What are key features of this property?

This property features: Fully occupied, stabilized asset with below‑market rents offering significant revenue growth potential.; Prime downtown Fort Wayne location in the Harrison Street Corridor, adjacent to Ash Skyline Plaza and across from Star Bank Headquarters.; Historic 5‑story brick building with 24,438 SF of space, including a basement for storage.

229 W Berry St, Fort Wayne, IN

Five-story, 24,438 SF office building in downtown Fort Wayne.

Property Features for 229 W Berry St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Motel and Apartment Property

Renovated Triplex with Short-Term Units

Aboite Township Mixed-Use Opportunity

Modern Manufacturing Facility in Centennial Park

Historic Landmark Ready for Renovation

Immaculate Church Building on Corner Lot

Downtown Fort Wayne Bar Property

Multi-Use Building in Fort Wayne

Five-Unit Brick Apartment Building

Mixed-Use Property Near Google Center

Restaurant and Redevelopment Opportunity

Fully Rented Eight-Unit Building

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