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    111 Wayne St Fort Wayne, IN 46802

    For Lease
    $15 SF/Yr ($11,881 /Mo)

    Downtown Fort Wayne Office, Retail Opportunity

    Lot size:
    9,505 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 9,505 square foot commercial property, located in the heart of downtown Fort Wayne at the corner of Wayne and Calhoun Streets, presents a rare investment or owner-user opportunity. Currently housing Jimmy John's and the Downtown Improvement District offices, this single-story Class B building offers 5,605 square feet of vacant space ideal for a variety of uses. Renovated in 2021, the property is zoned for DC Downtown Core and boasts a prime location within walking distance of numerous restaurants, banks, legal offices, and government services. The versatile space is suitable for traditional office, creative office, or even medical office use, and could be adapted for retail purposes. The building's convenient location and recent renovations make it an attractive option for businesses seeking a prominent downtown presence. The entire 9,505 square foot property is also available for sale at a significantly reduced price. This is a multi-tenant building with a strong existing tenant base. The property's APN is 021202458002000074. This is a unique opportunity to acquire a well-situated commercial property in a thriving downtown area. The building's excellent access to amenities and its adaptable space make it a highly desirable investment.

    Property Features for 111 Wayne St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,505 SF
    Class
    B
    Total Rate
    11881.25

    Building Details

    Year Renovated
    2021
    Stories
    1

    Unit(s) available at that property

    Space
    111
    Size
    5,605 SF
    Rate per SF
    $15

    HighLights

    • Prime downtown Fort Wayne location.
    • Excellent access to numerous restaurants, banks, and government/legal offices.
    • 9,505 SF office/retail building.
    • 5,605 SF of vacant space available.
    • Class B building, renovated in 2021.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bomberger Jon A Attorney Summit Data Data Recovery Service Kiplinger Law Firm, ... Bankruptcy Attorney Baker & Daniels: Hoffman ... Attorney Wells Fargo Private ... Investment Service

    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
    -85.139730326179
    Latitude
    41.078224919022

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    FAQs

    What type of property is this?
    Medical office - Downtown Fort Wayne Office, Retail Opportunity
    Where is this medical office located?
    The property is located at 111 Wayne St Fort Wayne, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Fort Wayne location.; Excellent access to numerous restaurants, banks, and government/legal offices.; 9,505 SF office/retail building.
    Request Owner's contact information
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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
    111 Wayne St Fort Wayne, IN 46802
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