Retail Space Near National
For Lease
Contact for pricing
5405 Illinois Road, Fort Wayne, IN 46804
Prime retail location in Fort Wayne's growing southwest area.
Space Size4,263 SF
Days on Market115
Property Features for 5405 Illinois Road
General Information
Standard status
Active
Size
4,263 SF
Class
C
Property subtype
Retail
Building Details
Building Size
4,263 SF
Year Built
1987
Tenancy
Single
Spaces For Lease
at 5405 Illinois Road Contact us- Size
- 4,263 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Store Front
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Madison Harman · License #IN RB14052326
Source:
Crexi
Added: May 12
Changed: Aug 23
Last Checked: Aug 31 at 11:47PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This retail space is situated adjacent to established national retailers, including Target, Walmart, Lowe’s, Kohl’s, Aldi, Von Maur, Best Buy, Starbucks, Hobby Lobby, Menards, and Meijer. The property is located less than one mile from Jefferson Pointe, which has 6.1 million annual visits, and Apple Glen Crossing, with 4.9 million annual visits. Southwest Fort Wayne is recognized as one of the fastest-growing residential areas, characterized by higher household incomes and ongoing suburban expansion. Fort Wayne, Indiana’s second-largest city, has a population of 265,000 residents within the city and 454,000 in the metro area, experiencing steady population growth. Fort Wayne is undergoing significant economic development, with over $3.7 billion in building permits issued in 2025. Over $1 billion has been invested and continues to be invested in downtown and riverfront development over the past decade. Projects such as The Pearl, The Landing, and The Fairfield are contributing to the city’s growth with new dining and entertainment options. Major projects underway include the Lofts at Headwaters Park, Riverton Plaza, and the planned Treeline District. A new 9,200-seat soccer stadium is scheduled to open in 2026.
Key Highlights
- Adjacent to well‑established national retailers like Target, Walmart, and Lowe’s.
- Located less than 1 mile from Jefferson Pointe (6.1M annual visits) and Apple Glen Crossing (4.9M annual visits).
- Located in Southwest Fort Wayne, a fast‑growing residential area with higher household incomes.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Explore this area
Business Placement
Demographics for 46804, IN
28,800
Population
12,959
Households
2.2
Avg Household Size
40
Median Age
44%
College-Educated
96%
High-School Grad
17.7 sq mi
ZIP Area
1,627
Density / Sq Mi
$84,778
Median Household Income
$49,050
Median Earnings
$1,134
Median Rent
$241,000
Median Home Value
Market
Lease Benchmarks for Fort Wayne, IN
$21.09 /SF/Yr
Avg Asking Price
$10–$67.8 /SF/Yr
Price Range
11,033 SF
Avg Space Size
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime retail location in Fort Wayne's growing southwest area.
Where is this retail space located?
The property is located at 5405 Illinois Road Fort Wayne, IN.
What are key features of this property?
This property features: Adjacent to well‑established national retailers like Target, Walmart, and Lowe’s.; Located less than 1 mile from Jefferson Pointe (6.1M annual visits) and Apple Glen Crossing (4.9M annual visits).; Located in Southwest Fort Wayne, a fast‑growing residential area with higher household incomes.
