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    13500 Lima Rd Fort Wayne, IN 46818

    Sponsored
    For Sale
    $2,963,822

    High-traffic corner lot, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11.43-acre commercial development site, located at 13500 Lima Road in Fort Wayne, Indiana, presents a unique investment opportunity. The property, encompassing three parcels, boasts a prime corner location with a traffic signal, ensuring high visibility and accessibility. Ideal for retail or commercial development, this site benefits from its position in a rapidly expanding area of Allen County. The existing structures were built in 1950 and are suitable for demolition to make way for new construction. The asking price for this significant land parcel is $2,963,822. The property's zoning and potential uses should be verified independently with the relevant authorities. Given its size, location, and high traffic count, this property represents a compelling opportunity for developers seeking to capitalize on the growth trajectory of this vibrant Fort Wayne neighborhood. The property's address is 13500 Lima Rd, Fort Wayne, IN 46818. Detailed site plans and surveys are available upon request. This is a rare chance to acquire a substantial piece of land in a high-demand area.

    Property Features for 13500 Lima Rd

    General Information

    Property type
    Individual retail properties
    Lot Size
    497,891 SF

    Building Details

    Year Built
    1950

    HighLights

    • 11.43‑acre commercial development site in Fort Wayne, IN.
    • Prime corner location at 13500 Lima Rd with traffic signal, high visibility.
    • Suitable for retail or commercial development; existing structures (built 1950) slated for demolition.
    • Asking price: $2,963,822.
    • Located in a rapidly expanding area of Allen County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1695468
    Latitude
    41.2077985

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic corner lot, development ready.
    Where is this individual retail property located?
    The property is located at 13500 Lima Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $2,963,822.
    What are key features of this property?
    This property features: 11.43-acre commercial development site in Fort Wayne, IN.; Prime corner location at 13500 Lima Rd with traffic signal, high visibility.; Suitable for retail or commercial development; existing structures (built 1950) slated for demolition.
    Request Owner's contact information
    13500 Lima Rd Fort Wayne, IN 46818
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    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
    13500 Lima Rd Fort Wayne, IN 46818
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