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    616 Harrison St Fort Wayne, IN 46802

    For Lease
    $19 SF/Yr

    Prime location, 2,718 sq ft available

    Lot size:
    50,715 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2,718 square foot commercial space, located at 616 S Harrison St in Fort Wayne, Indiana, presents a unique investment opportunity. Part of the Randall Lofts building, this traditional office space is situated in a vibrant downtown location, boasting a Class B designation. The building, constructed in 1950 and renovated in 2015, features a striking brick facade and black awnings, creating an inviting atmosphere. The space is part of a larger 50,715 square foot building with five stories and a 12-foot ceiling height. Conveniently located next to The Landing and Boutique Hotel, and a mere 30-second walk from Promenade Park, this property benefits from high foot traffic and proximity to amenities. The building includes elevators and is served by AEP power. The property sits on 0.04 acres of land and is zoned C2 (Allen County APN: 02-12-02-418-001.000-074). With 54 luxury apartments above, this location offers unparalleled access to a thriving residential community. This is an ideal space for businesses seeking a high-visibility location in the heart of Fort Wayne's dynamic downtown area. The multiple tenancy structure provides flexibility for various business models.

    Property Features for 616 Harrison St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,715 SF
    Class
    B
    Total Rate
    80298.75

    Building Details

    Year Built/Renovated
    1950/2015
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Suite A
    Size
    2,718 SF
    Rate per SF
    $19

    HighLights

    • 2,718 SF commercial space in the Randall Lofts building at 616 S Harrison St, Fort Wayne, IN.
    • Prime corner location at Pearl St. and Harrison St.
    • High foot traffic due to proximity to The Landing, Boutique Hotel, and Promenade Park.
    • 54 luxury apartments above, ensuring high visibility and a built‑in customer base.
    • Modern brick building with black awnings, located in the heart of downtown Fort Wayne.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Warehouse Salon Hair Salon

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Law Firm Hair Salon Clothing 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
    -85.142238546338
    Latitude
    41.08054128282

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 2,718 sq ft available
    Where is this office property / space located?
    The property is located at 616 Harrison St Fort Wayne, IN.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 2,718 SF commercial space in the Randall Lofts building at 616 S Harrison St, Fort Wayne, IN.; Prime corner location at Pearl St. and Harrison St.; High foot traffic due to proximity to The Landing, Boutique Hotel, and Promenade Park.
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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
    616 Harrison St Fort Wayne, IN 46802
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