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    111 Wayne St Fort Wayne, IN 46802

    Sponsored
    For Sale
    $1,100,000

    Prime location, high visibility, investment opportunity.

    Property size:
    9,505 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,505 square foot, single-story Class B building at 111 W Wayne St, Fort Wayne, IN 46802, is situated in the heart of downtown's revitalization area. Currently 41% occupied, with tenants including Jimmy John's and the Downtown Improvement District offices, this property presents a rare investment or owner-user opportunity. The building, renovated in 2021, features 5,605 square feet of net rentable space and is zoned DC-Downtown Core. The asking price is $1,100,000, translating to $126.25 per square foot. The property's high visibility at the corner of Wayne and Calhoun Streets offers excellent exposure. Its proximity to numerous restaurants, banks, legal, and governmental offices enhances its appeal. The existing office space is adaptable for retail use, with a reduced lease rate of $15 per square foot, full-service, available. This multi-tenant building offers a unique chance to capitalize on Fort Wayne's thriving downtown scene. The Allen County property (APN: 02-12-02-458-002.000-074) is a single building with one unit.

    Property Features for 111 Wayne St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,505 SF
    Class
    B

    Building Details

    Year Renovated
    2021
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $1,100,000 asking price for a 9,505 SF Class B multi‑tenant office/retail building in downtown Fort Wayne, Indiana.
    • High‑visibility location in the heart of downtown Fort Wayne's revitalization area.
    • Suitable for office or retail use; currently 41% occupied by Jimmy John's and the Downtown Improvement District.
    • Exceptional investment or owner‑user opportunity with a reduced lease rate of $15/SF/Full Service available.
    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?
    Office Property / Space - Prime location, high visibility, investment opportunity.
    Where is this office property / space located?
    The property is located at 111 Wayne St Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price for a 9,505 SF Class B multi-tenant office/retail building in downtown Fort Wayne, Indiana.; High-visibility location in the heart of downtown Fort Wayne's revitalization area.; Suitable for office or retail use; currently 41% occupied by Jimmy John's and the Downtown Improvement District.
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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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