Restored Historic Building in
334 E Berry St, Fort Wayne, IN 46802
Historic mixed-use property in Fort Wayne's downtown core.
Type:Mixed Use, Office, Retail, Special Purpose
Property size:
13,636 SFPrice / SF:
$128/SF- Added:
- Apr 18, 2023
- Days on Market:
- 1141
- Last Refresh:
- May 12 at 11:16 pm
Property Features for 334 E Berry St
General Information
- Standard status
- Active
- Size
- 13,636 SF
- Property subtype
- Mixed Use, Office, Retail, Special Purpose
Listing agent Karl Behrens, CCIM, SIOR License #IN RB14027572
Listing office BND Commercial Real Estate
Listing date Apr 18, 2023
Source Crexi
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
HighLights
- Restored historic building in the Downtown Core of Fort Wayne.
- Two buildings included: a main building (10,416 SF) and a carriage house (3,220 SF).
- High‑visibility location with over 30,000 vehicles per day traffic count.
- Parking lot available for approximately 20 vehicles.
- Each building has elevators, two restrooms, and finished interiors.
- Walkable to downtown amenities, business offices, banking, and entertainment venues.
Overview
This restored historic building, originally constructed in the 1800s, is located in the downtown core of Fort Wayne. Renovations were completed as recently as 2007. The property consists of two buildings. The main building features three levels totaling 10,416 square feet. The second building, known as the Carriage House, has two floors totaling 3,220 square feet. Each building is equipped with elevators, two restrooms, and finished interiors. A parking lot is available for approximately 20 vehicles, along with entrance signage. The property benefits from a highly visible location with traffic counts exceeding 30,000 vehicles per day. It is within walking distance of downtown amenities, business offices, banking facilities, and entertainment venues. This mixed-use property offers potential business uses due to its location and features.
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 | $232.4k | $17.04 |
| − Vacancy | −$31.7k | −$2.33 |
| EGI | $200.6k | $14.71 |
| − OpEx | −$50.2k | −$3.68 |
| NOI | $150.5k | $11.03 |
13,636 SF · lease $17.04/SF/yr · vacancy 13.66% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.51M
NOI $150,463 @ 7.0% cap · market cap 8.60%
Second Best
Mixed Use
$1.99M
$1.74M – $2.33M
NOI $139,599 @ 7.0% cap · market cap 7.98%
Theoretical Best
Multifamily LT 5
$11.39M
$9.97M – $13.29M
NOI $797,387 @ 7.0% cap · market cap 45.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
My United Way ...
Association / Organization
Location Insight
- Map
- Local Demand
- City
- Fort Wayne
- County
- Allen
- State
- Indiana
- Longitude
- -85.1352774
- Latitude
- 41.0798419
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Historic mixed-use property in Fort Wayne's downtown core.
Where is this mixed-use property located?
The property is located at 334 E Berry St Fort Wayne, IN.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Restored historic building in the Downtown Core of Fort Wayne.; Two buildings included: a main building (10,416 SF) and a carriage house (3,220 SF).; High‑visibility location with over 30,000 vehicles per day traffic count.
