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    2980 Coliseum Blvd Fort Wayne, IN 46805

    Sponsored
    For Sale
    $7,000,000

    60,040 SF Office/Industrial Complex

    Property size:
    60,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 60,040-square-foot, Class B commercial property located at 2980-2990 E. Coliseum Blvd, Fort Wayne, Indiana, 46805. The property, built in 1959 and extensively renovated in 2018, features a blend of executive office space (32,700 SF) and warehouse/manufacturing space (27,340 SF), currently operating under a single, 100% occupied, triple net (NNN) lease with five years remaining. The property sits on a 5.51-acre lot and benefits from a highly desirable location adjacent to Purdue Fort Wayne Business School, offering convenient access to banks, restaurants, hotels, and shopping. The attractive features include ponds, fountains, and walking paths, enhancing the property's aesthetic appeal and creating a pleasant work environment. The building is fully air-conditioned and incorporates high-security infrastructure. The asking price is $7,000,000, translating to $117 per square foot, with a strong net operating income (NOI) of $660,440 and a compelling 9.4% capitalization rate. The property is zoned BTI/Business Technology, making it suitable for a variety of uses. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a prime Fort Wayne location. The original lease commenced in 2013.

    Property Features for 2980 Coliseum Blvd

    General Information

    Property type
    Manufacturing properties
    Square Feet
    60,040 SF
    Class
    B
    Lot Size
    240,016 SF

    Building Details

    Year Built/Renovated
    1959/2018
    Units
    1

    HighLights

    • Triple‑net lease with five years remaining.
    • Prime location with attractive landscaping including ponds, fountains, and walking paths.
    • Excellent access to banks, restaurants, hotels, and shopping.
    • Adjacent to Purdue Fort Wayne Business School.
    • Net operating income (NOI) of $660,440.
    • $7,000,000 sale price ($117 per square foot).
    Property Profile Location Intelligence

    Current Use by Public Records

    Intellectual Technology Inc Software Company Former GTE Office ... Corporate Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.100863
    Latitude
    41.1095339

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    FAQs

    What type of property is this?
    Manufacturing property - 60,040 SF Office/Industrial Complex
    Where is this manufacturing property located?
    The property is located at 2980 Coliseum Blvd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: Triple-net lease with five years remaining.; Prime location with attractive landscaping including ponds, fountains, and walking paths.; Excellent access to banks, restaurants, hotels, and shopping.
    Request Owner's contact information
    2980 Coliseum Blvd Fort Wayne, IN 46805
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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
    2980 Coliseum Blvd Fort Wayne, IN 46805
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