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    1329 State Blvd Fort Wayne, IN 46808

    Sponsored
    For Sale
    $550,000

    1.2 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 1.2-acre commercial land parcel, located at 1329 W. State Blvd in Fort Wayne, Indiana, presents a compelling investment opportunity. Zoned C/2 Limited Commercial, this shovel-ready site boasts a prime location adjacent to a Kroger-anchored shopping center, ensuring high visibility and accessibility. With a daily traffic count of 9,744 vehicles, the property offers significant potential for a variety of commercial uses. Utilities including gas, electric, water, and sewer are readily available through established providers. The property's strategic location is further enhanced by a strong demographic profile, with a population of 12,580 within one mile and 166,086 within a five-mile radius. The Allen County parcel, APN 02-07-34-402-003.000-074, is offered at an asking price of $550,000. This represents a rare opportunity to acquire a valuable asset in a thriving commercial area of Fort Wayne. The property's size and location make it ideal for developers seeking to capitalize on a high-traffic, established trade area. Don't miss this chance to secure a piece of Fort Wayne's commercial landscape.

    Property Features for 1329 State Blvd

    General Information

    Property type
    Land
    Lot Size
    52,272 SF

    HighLights

    • Shovel‑ready site.
    • Adjacent to Kroger‑anchored shopping center.
    • Rare land opportunity in established trade area.
    • High traffic count: 9,744 vehicles per day.
    • $600,000 sale price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -85.15950955
    Latitude
    41.09598313

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    FAQs

    What type of property is this?
    Land - 1.2 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 1329 State Blvd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Shovel-ready site.; Adjacent to Kroger-anchored shopping center.; Rare land opportunity in established trade area.
    Request Owner's contact information
    1329 State Blvd Fort Wayne, IN 46808
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    Fort Wayne, IN 46808
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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
    1329 State Blvd Fort Wayne, IN 46808
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