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    5050 Value Dr Fort Wayne, IN 46825

    Sponsored
    For Sale
    $595,000

    High-traffic, Costco-adjacent lot

    Property size:
    5,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,040 square foot vacant commercial lot, located at 5050 Value Dr, Fort Wayne, IN 46825, presents a prime retail or hospitality investment opportunity. Boasting 0.87 acres and a highly visible 60-foot frontage on heavily trafficked Lima Road/US 27, this property benefits from its proximity to major thoroughfares, including I-69, ensuring exceptional exposure to a large customer base. The site's strategic location adjacent to a Costco and Long Horn Steakhouse guarantees high foot traffic and brand synergy. The area is further enhanced by its proximity to Glenbrook Mall, Fort Wayne Children's Zoo, and numerous other attractions, creating a vibrant and dynamic environment. The property's I-2 General Industrial zoning allows for a variety of commercial uses. Daily traffic counts on Lima Road/US 27 exceed 51,000 vehicles, while I-69 sees over 70,000 vehicles daily, underscoring the significant potential for business growth. The property's APN is 02-07-22-276-002.000.073. This is a rare opportunity to acquire a highly visible, well-located parcel in a thriving commercial corridor. The asking price is $595,000.

    Property Features for 5050 Value Dr

    General Information

    Property type
    Land
    Square Feet
    5,040 SF
    Lot Size
    37,897 SF

    HighLights

    • Highly visible 0.87‑acre lot with 60‑foot frontage on US 27 (Lima Road).
    • High‑traffic location with over 51,000 vehicles daily on US 27 and over 70,000 on I‑69.
    • Located next to Costco and LongHorn Steakhouse.
    • Easy access to I‑69.
    • Adjacent to a signalized intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    LongHorn Steakhouse Steak House

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.116815
    Latitude
    41.1474763

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    FAQs

    What type of property is this?
    Land - High-traffic, Costco-adjacent lot
    Where is this land located?
    The property is located at 5050 Value Dr Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Highly visible 0.87-acre lot with 60-foot frontage on US 27 (Lima Road).; High-traffic location with over 51,000 vehicles daily on US 27 and over 70,000 on I-69.; Located next to Costco and LongHorn Steakhouse.
    Request Owner's contact information
    5050 Value Dr Fort Wayne, IN 46825
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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
    5050 Value Dr Fort Wayne, IN 46825
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