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    1853 Broadway Fort Wayne, IN 46802

    Sponsored
    For Sale
    $1,500,000

    1.8-Acre I1 Zoned Lot Near Electric Works

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.8-acre commercial and industrial land parcel is ideally situated at 1853 Broadway in Fort Wayne, Indiana, (APN: 02-12-11-156-001.000-074, 02-12-11-155-014.000-074, 02-12-11-155-013.000-074, 02-12-11-155-012.000-074) and boasts prominent frontage along Broadway, enjoying high visibility to an estimated 20,450 vehicles per day. The property's I1 zoning offers diverse development opportunities. Its strategic location directly adjoins the Electric Works Redevelopment, a significant and rapidly developing area of Fort Wayne. This prime location also benefits from proximity to a BP gas station, George's International Market, and McCulloch Park, ensuring high traffic and excellent exposure. The asking price for this exceptional property is $1,500,000. This presents a unique investment opportunity in a thriving area of Fort Wayne. Don't miss this chance to acquire a highly visible and strategically located parcel in a rapidly growing neighborhood.

    Property Features for 1853 Broadway

    General Information

    Property type
    Land
    Lot Size
    78,408 SF

    HighLights

    • $1,500,000 asking price.
    • 1.8‑acre commercial/industrial land parcel.
    • I1 zoning.
    • Located at 1853 Broadway, Fort Wayne, IN 46802 (APN: 02‑12‑11‑156‑001.000‑074, 02‑12‑11‑155‑014.000‑074, 02‑12‑11‑155‑013.000‑074, 02‑12‑11‑155‑012.000‑074).
    • Prominent Broadway frontage with high visibility (approx. 20,450 vehicles per day).
    • Adjacent to Electric Works Redevelopment and near George's International Market and McCulloch Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -85.151566457631
    Latitude
    41.068708893471

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    FAQs

    What type of property is this?
    Land - 1.8-Acre I1 Zoned Lot Near Electric Works
    Where is this land located?
    The property is located at 1853 Broadway Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 1.8-acre commercial/industrial land parcel.; I1 zoning.
    Request Owner's contact information
    1853 Broadway Fort Wayne, IN 46802
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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
    1853 Broadway Fort Wayne, IN 46802
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