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    Cor Of Hillegas Rd & Butler Rd Fort Wayne, IN 46808

    Sponsored
    For Sale
    $650,000

    1.5-acre commercial lot, high visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.5-acre commercial land parcel is situated at the highly visible and signaled corner of Hillegas Road and Butler Road in Fort Wayne, Indiana (zip code 46808), Allen County. The property boasts over 19,000 vehicles passing daily, offering unparalleled exposure for any commercial venture. Its strategic location benefits from the upcoming expansion of Hillegas Road to four lanes, significantly enhancing accessibility and visibility. The site is shovel-ready, allowing for immediate development, and presents drive-thru potential. Build-to-suit options are available, providing flexibility for customized development to meet specific business needs. Priced at $650,000, this represents a land value of $433,333 per acre. This presents a unique opportunity to establish a strong presence in Fort Wayne's thriving Northwest commercial area. Don't miss this chance to secure this prime location.

    Property Features for 0 Cor Of Hillegas Rd & Butler Rd

    General Information

    Property type
    Land
    Lot Size
    65,340 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1921586
    Latitude
    41.1028942

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    FAQs

    What type of property is this?
    Land - 1.5-acre commercial lot, high visibility
    Where is this land located?
    The property is located at Cor Of Hillegas Rd & Butler Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $650,000.
    Request Owner's contact information
    Cor Of Hillegas Rd & Butler Rd 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
    Cor Of Hillegas Rd & Butler Rd Fort Wayne, IN 46808
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