Fort Wayne Industrial Investment
For Sale
Contact for pricing
3427-3425 North Clinton Street, Fort Wayne, IN
36,533 SF building with 5 units, 100% occupancy.
Property Size36,533 SF
Lot Size3.58 Acres
Price / SF$98.54
Days on Market380
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
Listing Agency:
Xplor Commercial Real Estate
(260) 487-3699
Listed By:
Dennis Callison
(260) 438-6251
Source:
Moodyscre
Added: Oct 16, 2025
Changed: Oct 25
Last Checked: Oct 28 at 4:47AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$218,650
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,373,000
$4.4M
Cap Rate 7%
$3,123,571
$3.1M
Cap Rate 9%
$2,429,444
$2.4M
Market Conditions
NOI Build-Up for 36,533 SF
Gross rent
$328.8K $9.00/SF
− Vacancy
−$16.4K −$0.45/SF
EGI
$312.4K $8.55/SF
− OpEx
−$93.7K −$2.56/SF
NOI
$218.7K $5.98/SF
Area
Fort Wayne, IN
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,373,000
Cap Rate 7%
$3,123,571
Cap Rate 9%
$2,429,444
Alternative Uses
Best Use
Industrial
$3.12M
$2.73M – $3.64M
NOI $218,650 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$30.52M
$26.70M – $35.61M
NOI $2,136,326 @ 7.0% cap · market cap 59.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
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 $3,600,000.
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
