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    8425 Lima Rd Fort Wayne, IN 46818

    Sponsored
    For Sale
    $570,000

    1.25-acre commercial lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.25-acre commercial land parcel, located at 8425 Lima Road in Fort Wayne, Indiana, presents a unique investment opportunity. Situated in a high-traffic area with over 41,400 vehicles passing daily (2024 data), this property boasts unparalleled visibility on the heavily traveled six-lane Lima Road. The C-1 zoning allows for a wide range of commercial uses, providing flexibility for potential development. The property's strategic location places it in close proximity to a variety of established businesses, including Bethel Ministries Church, Meijer, Home Depot, Walmart, Sam's Club, Crazy Pinz, Pizza Hut, and L3Harris Corp., ensuring high consumer traffic and brand recognition. This parcel, identified as a portion of APN 02-07-10-176-001.000-073, offers convenient access to all necessary utilities. The asking price for this prime commercial land is $570,000. This is an exceptional opportunity to acquire a highly visible and versatile commercial property in a thriving Fort Wayne location. The Allen County location and 46818 zip code further enhance its appeal.

    Property Features for 8425 Lima Rd

    General Information

    Property type
    Land
    Lot Size
    54,450 SF

    HighLights

    • High‑traffic location with excellent visibility.
    • 41,400 vehicles per day (VPD) projected for 2024.
    • Flexible zoning for diverse commercial uses.
    • Full utility access on‑site.
    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
    -85.165811182818
    Latitude
    41.156709035807

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    FAQs

    What type of property is this?
    Land - 1.25-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at 8425 Lima Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $570,000.
    What are key features of this property?
    This property features: High-traffic location with excellent visibility.; 41,400 vehicles per day (VPD) projected for 2024.; Flexible zoning for diverse commercial uses.
    Request Owner's contact information
    8425 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
    8425 Lima Rd Fort Wayne, IN 46818
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