Historic Two-Story Office
622 South Calhoun Street Fort Wayne, IN 46802
For Sale
Contact for pricing
Renovated two-story brick office building with attached garage parking on Calhoun Street in downtown Fort Wayne.
Property Size5,680 SF
Price / SF$149.65
Days on Market88
Property Features for 622 South Calhoun Street
General Information
- Standard status
- Active
- Size
- 5,680 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1860
Listing Agency:
Allied Commercial
Listed By:
Parker Braun · License #IN RB21001287
Source:
Crexi
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 23 at 11:41AM
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 Allied Commercial
Investment Insights
Based on property information with market context.
Allied Commercial presents a historic two-story brick office building at 622 S Calhoun Street in downtown Fort Wayne. Originally constructed in 1860 and fully renovated in 2014, the property combines 19th-century character with modern systems and finishes. The total building size is 5,680 SF, with 4,487 SF available for immediate occupancy as either a sale or lease opportunity. The building also includes attached garage parking.
Set along the Calhoun Street corridor, the property neighbors Bistro Nota and is within walking distance of Parkview Field, the Allen County Courthouse, and the central business district.
The property is zoned C1, supporting a wide range of professional, creative, and service uses. It is located within a TIF district with potential tax incentive opportunities for qualified users. Lease terms are negotiable on 3-to-5-year structures, and the lease is described as a full-service gross arrangement.
Set along the Calhoun Street corridor, the property neighbors Bistro Nota and is within walking distance of Parkview Field, the Allen County Courthouse, and the central business district.
The property is zoned C1, supporting a wide range of professional, creative, and service uses. It is located within a TIF district with potential tax incentive opportunities for qualified users. Lease terms are negotiable on 3-to-5-year structures, and the lease is described as a full-service gross arrangement.
Key Highlights
- Historic 2‑story brick office building built in 1860, fully renovated in 2014
- Total 5,680 SF with 4,487 SF available for immediate sale or lease occupancy
- C1 zoning supports professional, creative, and service uses
Financial Insights For Office B
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 | $96.8k | $17.04 |
| − Vacancy | −$13.2k | −$2.33 |
| EGI | $83.6k | $14.71 |
| − OpEx | −$20.9k | −$3.68 |
| NOI | $62.7k | $11.03 |
5,680 SF · lease $17.04/SF/yr · vacancy 13.66% · expense 25.00%
Alternative Uses
Best Use
Office B
$895.4K
$783.4K – $1.04M
NOI $62,675 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.74M
$4.15M – $5.54M
NOI $332,147 @ 7.0% cap · market cap 39.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ROSSWURM DEFENSE
Law Firm
FAQs
What type of property is this?
Office building - Renovated two-story brick office building with attached garage parking on Calhoun Street in downtown Fort Wayne.
Where is this office building located?
The property is located at 622 South Calhoun Street Fort Wayne, IN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Historic 2‑story brick office building built in 1860, fully renovated in 2014; Total 5,680 SF with 4,487 SF available for immediate sale or lease occupancy; C1 zoning supports professional, creative, and service uses
