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

    127 Berry St Fort Wayne, IN 46802

    For Sale
    Contact for pricing

    Prime Fort Wayne investment opportunity.

    Property size:
    92,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This iconic 13-story, 92,500-square-foot Class A office building, located at 127 W Berry St, Fort Wayne, Indiana, presents a compelling value-add investment opportunity. The property, built in 1923 and extensively renovated in 2024, boasts a prime downtown location (APN: 02-12-02-453-002.000-074) within the DC (Downtown Core) zoning district. Currently serving as the regional headquarters for Centier Bank under a 12-year lease, the building features a multi-tenant occupancy, with some tenants having occupied the space for 30-40 years, ensuring stable income. The property sits on a 0.41-acre lot and offers high visibility and abundant foot traffic, placing it in close proximity to major downtown attractions. An assumable, non-recourse loan is available with a fixed interest rate of 4.26% and a maturity date of July 2029. A $2 million cash investment is required. The building's blend of historic charm and modern amenities makes it an exceptional investment prospect with potential for further value enhancement. The flexible layout can accommodate a variety of office users.

    Property Features for 127 Berry St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    92,500 SF
    Class
    A
    Lot Size
    17,860 SF

    Building Details

    Year Built/Renovated
    1923/2024
    Buildings
    1
    Stories
    13

    HighLights

    • Regional headquarters for Centier Bank, under a 12‑year lease.
    • 92,500 SF Class A office building in Fort Wayne, Indiana's Downtown Core (DC) zoning district, offering flexible layouts.
    • Assumable, non‑recourse loan at 4.26% fixed interest, maturing July 2029; requires $2 million cash investment.
    • Extensively renovated in 2024, blending historic charm with modern amenities.
    • High‑visibility location with abundant foot traffic in the downtown area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Iecusoft LLC Software Company Malloy Jane E Attorney Stucky, Lauer & Young, ... Family Law Attorney Young Jennifer Attorney Stier Brian E ... Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.140796428578
    Latitude
    41.079088111032

    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
    • $419,900
      3,016 SF

      Spacious Duplex on One Acre

      Fort Wayne duplex with 7 bedrooms, 4 baths on one acre.
      5140 Old Maysville Rd, Fort Wayne, IN 46815
      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

    FAQs

    What type of property is this?
    Office Property / Space - Prime Fort Wayne investment opportunity.
    Where is this office property / space located?
    The property is located at 127 Berry St Fort Wayne, IN.
    What are key features of this property?
    This property features: Regional headquarters for Centier Bank, under a 12-year lease.; 92,500 SF Class A office building in Fort Wayne, Indiana's Downtown Core (DC) zoning district, offering flexible layouts.; Assumable, non-recourse loan at 4.26% fixed interest, maturing July 2029; requires $2 million cash investment.
    (260) 487-3699
    Request Owner's contact information
    127 Berry St Fort Wayne, IN 46802
    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.
    127 Berry St
    Fort Wayne, IN 46802
    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
    127 Berry St Fort Wayne, IN 46802
    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.