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    5820 Huguenard Rd Fort Wayne, IN 46818

    For Sale
    $475,000

    Commercial/Residential potential, near I-69.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This 1.72-acre parcel, located at 5820 Huguenard Road in Fort Wayne, Indiana, presents a unique opportunity for developers and investors. The property is zoned R1-Residential, offering flexibility for various uses. Its strategic location provides convenient access to major transportation arteries, being only two miles from I-69, facilitating seamless connectivity throughout the region. The asking price for this expansive lot is $475,000, translating to an attractive price per acre of $276,163. The property's proximity to Lutheran Health Network's new Maple Heights Behavioral Health Hospital further enhances its appeal, suggesting potential for synergistic development opportunities. The Allen County location, with the specific address of 5820 Huguenard Road and zip code 46818, ensures easy identification and accessibility. The property's APN is 02-07-21-101-002.000-073. Given its size, zoning, and location, this land parcel offers significant potential for both residential and commercial development, making it an exceptional investment prospect in a thriving Fort Wayne neighborhood.

    Property Features for 5820 Huguenard Rd

    General Information

    Property type
    Land
    Lot Size
    74,923 SF

    HighLights

    • $475,000 asking price.
    • 1.72‑acre land parcel.
    • R1 Residential zoning.
    • $276,163 per acre land value.
    • Located in Fort Wayne, Indiana, at 5820 Huguenard Rd, Allen County, 46818.
    • APN: 02‑07‑21‑101‑002.000‑073.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walls & Ceilings Dry Wall Contractor

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Pharmacy Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.19278151
    Latitude
    41.13124249

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    FAQs

    What type of property is this?
    Land - Commercial/Residential potential, near I-69.
    Where is this land located?
    The property is located at 5820 Huguenard Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: $475,000 asking price.; 1.72-acre land parcel.; R1 Residential zoning.
    Request Owner's contact information
    5820 Huguenard Rd Fort Wayne, IN 46818
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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
    5820 Huguenard Rd Fort Wayne, IN 46818
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