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    Fort Wayne Industrial Investment Opportunity Title is generated by Realmo AI

    3427-3425 North Clinton Street, Fort Wayne, IN

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    36,533 SF building with 5 units, 100% occupancy.

    Type:INDUSTRIAL
    Property size:
    36,533 SF
    Lot size:
    3.58 Acres
    Price / SF:
    $109/SF
    Added:
    Oct 16, 2025
    Days on Market:
    244
    Last Refresh:
    May 20 at 8:14 pm

    Property Features for 3427-3425 North Clinton Street

    General Information

    Standard status
    Active
    Size
    36,533 SF
    Lot size
    3.58 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Dennis Callison
    Dennis Callison

    Listing agent Dennis Callison

    Listing office Xplor Commercial Real Estate

    Listing date Oct 16, 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 Xplor Commercial Real Estate

    HighLights

    • 100% Occupancy: Provides immediate income potential
    • 36,533 Square Foot Building: Offers substantial space
    • Zoned C3 and I1: Allows for a wide range of commercial and industrial uses
    • 5 Units: Provides flexibility for multiple tenants
    • Strategic Location: Positioned in a desirable industrial area of Fort Wayne
    • Solid Infrastructure: Built in 1956, suggesting established construction

    Overview

    Located in Fort Wayne, IN, this property features a 36,533 square foot building containing 5 units. Constructed in 1956, the property is zoned for both C3 and I1, accommodating a range of business operations. The property is situated in the industrial area and is suitable for industrial or office showroom use. The property has 100% occupancy.

    Local Financial Insights For Industrial

    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 $328.8k $9.00
    − Vacancy −$16.4k −$0.45
    EGI $312.4k $8.55
    − OpEx −$93.7k −$2.56
    NOI $218.7k $5.98
    36,533 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $3.12M
    $2.73M – $3.64M (±1% cap)
    NOI $218,650 @ 7.0% cap · market cap 5.47%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $30.52M
    $26.70M – $35.61M (±1% cap)
    NOI $2,136,326 @ 7.0% cap · market cap 53.41%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1377
    Latitude
    41.1082

    FAQs

    What type of property is this?
    Industrial property - 36,533 SF building with 5 units, 100% occupancy.
    Where is this industrial property located?
    The property is located at 3427-3425 North Clinton Street Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 100% Occupancy: Provides immediate income potential; 36,533 Square Foot Building: Offers substantial space; Zoned C3 and I1: Allows for a wide range of commercial and industrial uses
    (260) 438-6251 Call to check price and availability
    More about this property
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