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Off-Price Anchored Shopping Center
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4020 Lima Road, Fort Wayne, IN 46805

Fully leased retail center with national discount-oriented tenants at a signalized intersection.

Property Size254,134 SF
Days on Market24

Property Features for 4020 Lima Road

General Information

Standard status Active
Size 254,134 SF
Property subtype Retail
Occupancy 100%

Site & Location

Corner Location Yes
Anchor Co-Tenants Dunham's, Burlington Coat Factory, Ross Dress for Less, Ollie's Bargain Outlet, Goodwill Industries, Dollar Tree, Kid to Kid
Traffic Count 77,000 vehicles/day

Building Details

Year Built 1987
Year Renovated 2006
Units 14
Tenancy Multi
Listing Agency: CBRE - Saint Louis
Listed By: Chase Young · License #MO 2007-033328
Source: Crexi
Added: Aug 12 Changed: Sep 3 Last Checked: Sep 3 at 2:32AM

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 CBRE - Saint Louis

Investment Insights

Based on property information with market context.

Glenbrook Commons is a 254,134-square-foot shopping center built in 1987 and currently 100% leased. The tenant roster includes Dunham’s, Burlington Coat Factory, Ross Dress for Less, Ollie’s Bargain Outlet, Goodwill Industries, Dollar Tree, and Kid to Kid. These occupants account for approximately 86% of gross leasable area and approximately 80% of Year-1 revenue.

The center occupies the signalized intersection of Lima Road and Coliseum Boulevard (US-30), where traffic exceeds 77,000 vehicles per day. It is directly adjacent to Glenbrook Square, a regional mall exceeding 1M SF with Macy’s, JCPenney, and Barnes & Noble among its anchors. Within a 2.5-mile radius, the surrounding retail area contains 6M SF and is 97% leased, with national retailers including Target, Home Depot, Meijer, Costco, Dick’s, Kohl’s, and Best Buy.

Key Highlights

  • 254,134‑square‑foot shopping center built in 1987
  • Currently 100% leased
  • Signalized Lima Road and Coliseum Boulevard (US‑30) intersection with 77,000+ vehicles per day

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Real Estate Agency Veterinary Clinic (Bike/Boat/Book/etc) Store Butcher Acupuncture

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

77,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

1,140
Businesses Nearby
Well-served
Demand for This Use

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

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  • Glenbrook Commons 4122 Lima Rd, Fort Wayne, IN 46805
  • Glenbrook Square Collection 125 Coliseum Blvd W, Fort Wayne, IN 46805

Frequently Asked Questions

What type of property is this?
Shopping center - Fully leased retail center with national discount-oriented tenants at a signalized intersection.
Where is this shopping center located?
The property is located at 4020 Lima Road Fort Wayne, IN.
What are key features of this property?
This property features: 254,134‑square‑foot shopping center built in 1987; Currently 100% leased; Signalized Lima Road and Coliseum Boulevard (US‑30) intersection with 77,000+ vehicles per day
More about this property
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