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Three-Tenant Office Building
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3401 Lake Ave, Fort Wayne, IN 46805

Fully occupied office property with dedicated parking and Lake Ave frontage.

Property Size7,857 SF
Price / SF$92.27
Days on Market222

Property Features for 3401 Lake Ave

General Information

Standard status Active
Size 7,857 SF
Total Parking Spaces 47
Property subtype OFFICE
Zoning R3
Occupancy 100%

Additional Details

Cap Rate 8.11%

Building Details

Tenancy Multi
Listing Agency: Sturges Property Group
Listed By: Ian Smith · License #RB24001137
Source: Moodyscre
Added: Mar 17 Changed: Oct 3 Last Checked: Oct 23 at 8:28AM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 7,857-square-foot, three-tenant office building is 100% occupied and includes 47 parking spaces. The property is zoned R3 and provides 165 feet of frontage on Lake Ave.

The asset is located at 3401 Lake Ave in Fort Wayne, Indiana. Its 8.11% CAP rate and established multi-tenant configuration provide a concise profile for office investors evaluating an occupied commercial property.

Key Highlights

  • 7,857‑square‑foot office building
  • Three‑tenant configuration with 100% occupancy
  • 47 parking spaces

Property Analytics

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Current Use

George D. Taylor, ... Physician MyEyeDr. Eye Care Center Steven Ison, OD Physician Mark J. Strahan, ... Physician Total Vision Center Ophthalmologist

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store Law Firm Restaurant

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

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

797
Businesses Nearby

Demographics for 46805, IN

21,138
Population
10,742
Households
2
Avg Household Size
35
Median Age
27%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
3,303
Density / Sq Mi
$50,099
Median Household Income
$37,294
Median Earnings
$858
Median Rent
$131,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Fully occupied office property with dedicated parking and Lake Ave frontage.
Where is this office building located?
The property is located at 3401 Lake Ave Fort Wayne, IN.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 7,857‑square‑foot office building; Three‑tenant configuration with 100% occupancy; 47 parking spaces
(260) 424-8448 Call to check price and availability
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