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    9024 Wayne Trce Fort Wayne, IN 46816

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    For Sale
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    43.78 Acres, I-469 Access, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 43.78-acre development site presents a unique investment opportunity in Fort Wayne, Indiana. Strategically located near the intersection of I-469 and Wayne Trace, this hard-corner lot boasts excellent visibility and accessibility, enhanced by a convenient roundabout. The property's prime location offers easy access to major transportation routes, including a one-minute proximity to I-469 and Adams Center Road Exit 13. Furthermore, its location is just one mile from the new Google site, providing seamless connectivity to surrounding areas and municipalities. The property is zoned for a variety of uses, including multi-family, healthcare, and industrial development. City sewer installation is planned, significantly improving infrastructure and supporting diverse development possibilities. This parcel, identified by APN 02-18-03-102-001.000-051, offers significant potential for developers seeking a high-visibility location with excellent access and infrastructure support in a rapidly growing area. The property's size and strategic location make it an ideal candidate for large-scale development projects catering to a range of needs and uses within the Fort Wayne market. This is a rare opportunity to acquire a substantial land parcel in a highly desirable location with significant future growth potential. The property is classified as Industrial, Land, Multifamily, and Special Purpose, with a Healthcare subtype. The investment type is Owner/User.

    Property Features for 9024 Wayne Trce

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,907,057 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Hotel & Motel Kitchen & Bath Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.054350413809
    Latitude
    41.003518401853

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    FAQs

    What type of property is this?
    Multifamily property - 43.78 Acres, I-469 Access, Prime Location
    Where is this multifamily property located?
    The property is located at 9024 Wayne Trce Fort Wayne, IN.
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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
    9024 Wayne Trce Fort Wayne, IN 46816
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