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    5308 St Joe Rd Fort Wayne, IN 46835

    Sponsored
    For Sale
    $325,000

    1,451 SF Office, Redevelopment Potential

    Property size:
    1,451 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1,451 square foot creative office building, situated on a 0.68-acre lot in Fort Wayne, Indiana, presents a unique redevelopment opportunity. The property, located at 5308 St. Joe Rd, boasts a prime location within walking distance of Purdue Fort Wayne, IU Fort Wayne, and Ivy Tech campuses, as well as Canterbury Green Golf Course and Market Place of Canterbury. The building, constructed in 1950 and renovated in 1986, is a Class B, single-tenant property with a permitted R1 zoning. Features include 1,118 square feet of building space plus a 333 square foot garage, totaling 1,451 square feet of net rentable space. The two-story building offers convenient grade-level access via two doors and provides five parking spaces. Additional benefits include 100 feet of street frontage and a monument sign. The property's proximity to popular student housing options like Canterbury Green Apartments and St. Joe Place makes it an attractive investment for those seeking a strong rental market. The asking price is $325,000. The Allen County property (APN: 02-08-20-152-004.000-072) is available for immediate occupancy.

    Property Features for 5308 St Joe Rd

    General Information

    Property type
    Office space
    Square Feet
    1,451 SF
    Class
    B
    Lot Size
    29,621 SF

    Building Details

    Year Built/Renovated
    1950/1986
    Buildings
    1
    Stories
    2

    HighLights

    • 1,118 SF office/flex building with 333 SF garage, ideal for redevelopment.
    • 1,451 SF total building area on a 0.68‑acre lot.
    • 100 feet of street frontage.
    • Two grade‑level access doors.
    • Five parking spaces.
    • Monument signage included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.10045282
    Latitude
    41.1279646

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    FAQs

    What type of property is this?
    Office space - 1,451 SF Office, Redevelopment Potential
    Where is this office space located?
    The property is located at 5308 St Joe Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 1,118 SF office/flex building with 333 SF garage, ideal for redevelopment.; 1,451 SF total building area on a 0.68-acre lot.; 100 feet of street frontage.
    Request Owner's contact information
    5308 St Joe Rd Fort Wayne, IN 46835
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    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
    5308 St Joe Rd Fort Wayne, IN 46835
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