Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7621 Illinois Rd Fort Wayne, IN 46804

    Sponsored
    For Sale
    $2,238,624

    Fort Wayne development site, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12.4-acre commercial development site in Southwest Fort Wayne, Indiana, presents a remarkable investment opportunity. Located at 7621 Illinois Road (SR 14), this property boasts 270 feet of frontage on a high-traffic corridor with over 26,000 vehicles daily. Its prime location is just half a mile from Interstate 69 exit 305, ensuring excellent accessibility. The site's zoning allows for flexible development, accommodating office, retail, or multi-tenant projects. Adjacent to the Inverness Centre, a thriving 75+ acre mixed-use development featuring medical offices, multifamily residences, and senior living facilities, this property benefits from a strong surrounding community. All utilities are available on-site. The property is comprised of approximately 3.4 acres zoned C2 and roughly 9 acres zoned RP. This build-ready site offers developers and end-users the chance to capitalize on the area's robust demographics and high demand for commercial space. The asking price is $2,238,624. The Allen County APN is 02-11-12-101-003.000-075. This is a truly exceptional opportunity to acquire a premier commercial land parcel in a rapidly growing area of Fort Wayne.

    Property Features for 7621 Illinois Rd

    General Information

    Property type
    Land
    Lot Size
    148,104 SF

    HighLights

    • 12.4‑acre commercial development site in Southwest Fort Wayne, Indiana; 3.4 acres C2 zoned, ~9 acres RP zoned.
    • High‑traffic location on Illinois Road (SR 14), with over 26,000 vehicles daily; 0.5 mile from I‑69 exit 305.
    • All utilities available on‑site. Suitable for office, retail, or multi‑tenant development.
    • Adjacent to Inverness Centre, a thriving mixed‑use development. $2,238,624 asking price; Allen County APN 02‑11‑12‑101‑003.000‑075.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon 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
    -85.242012525317
    Latitude
    41.074397552393

    Nearby Similar for Sale

    • $350,000
      Pending

      Versatile Commercial Building in Fort Wayne

      Multi-use commercial building in high-traffic area near downtown Fort Wayne.
      3539 N Clinton St, Fort Wayne, IN 46805
      View Details
    • $580,000
      0.43 Acres

      Unique Stone Castle-Inspired Retail Space

      Distinctive property with high visibility, adaptable layout, and ample parking.
      6623 Sr 930, Fort Wayne, IN 46803
      View Details
    • $305,900
      2,820 SF

      Duplex Near Electric Works

      Duplex with potential for short-term rentals near Electric Works.
      1814 College St, Fort Wayne, IN 46802
      View Details
    • $418,888
      Pending

      Updated Duplex with Income Potential

      Turn-key duplex with AirBnB and long-term rental income.
      5705 Bluebird Ct, Fort Wayne, IN 46835
      View Details
    • $415,000
      5,093 SF

      Fort Wayne Fourplex Investment Opportunity

      Fourplex with three vacant units, business potential, and good income.
      315 Dalman Ave, Fort Wayne, IN 46806
      View Details
    • $330,000
      2,448 SF

      Turnkey Fourplex Near Lakeside Park

      Fully occupied fourplex near Lakeside Park, generating stable monthly income.
      1027 Lake Ave, Fort Wayne, IN 46805
      View Details
    • $539,900
      3,335 SF

      Restored Duplex in Downtown Fort Wayne

      Restored duplex with parking in downtown Fort Wayne, Indiana.
      439 E Wayne St, Fort Wayne, IN 46802
      View Details
    • New
      $137,900
      1,728 SF

      Fort Wayne Bi-Level House

      Bi-level house on a secluded lot within city limits.
      2926 Sprunger Rd, Fort Wayne, IN 46808
      View Details
    • New
      $174,995
      Pending

      Updated Duplex in Fort Wayne

      Updated duplex with five bedrooms, ideal for investors or families.
      1235 Huestis Ave, Fort Wayne, IN 46807
      View Details
    • New
      $319,900
      0.16 Acres

      Updated Mixed-Use Building in Fort Wayne

      Solid, updated building suitable for business, home, or both.
      2402 Broadway Blvd, Fort Wayne, IN 46807
      View Details
    • New
      $128,000
      1,065 SF

      Updated Ranch Home with Garage

      Move-in ready 4-bedroom ranch with updates and spacious 2-car garage.
      4423 Bowser Ave, Fort Wayne, IN 46806
      View Details
    • $389,900
      Pending

      New Duplex in Fort Wayne

      Modern duplex with income potential in Fort Wayne, Indiana.
      2180 Barr St, Fort Wayne, IN 46803
      View Details

    FAQs

    What type of property is this?
    Land - Fort Wayne development site, high traffic.
    Where is this land located?
    The property is located at 7621 Illinois Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $2,238,624.
    What are key features of this property?
    This property features: 12.4-acre commercial development site in Southwest Fort Wayne, Indiana; 3.4 acres C2 zoned, ~9 acres RP zoned.; High-traffic location on Illinois Road (SR 14), with over 26,000 vehicles daily; 0.5 mile from I-69 exit 305.; All utilities available on-site. Suitable for office, retail, or multi-tenant development.
    (260) 424-8448
    Request Owner's contact information
    7621 Illinois Rd Fort Wayne, IN 46804
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7621 Illinois Rd
    Fort Wayne, IN 46804
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7621 Illinois Rd Fort Wayne, IN 46804
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.