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    5200 Illinois Rd Fort Wayne, IN 46804

    Sponsored
    For Sale
    $2,500,000

    Prime Fort Wayne location, high traffic, versatile

    Property size:
    50,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 31.23-acre parcel, located at 5200 Illinois Road in Fort Wayne, Indiana (APN: 02-12-05-301-001.000-076), presents a unique investment opportunity. Zoned I-2, General Industrial, this property offers 50,000-100,000 square feet of development potential, suitable for a variety of uses including convenience stores, manufacturing, and shopping centers. The property is for sale by owner at $2,500,000 with a NNN lease type and is currently vacant. Its strategic location just off the I-69 North and South on/off ramps ensures high visibility and convenient access, benefiting from approximately 36,000 vehicles per day on Illinois Road. The surrounding area boasts numerous retail, industrial, manufacturing, and distribution businesses, creating a synergistic environment. Proximity to popular retail destinations like Jefferson Pointe and Covington Plaza further enhances its appeal. The property's size and zoning allow for flexibility, with the potential to be divided into four separate sections if needed, catering to various development scenarios. This presents a compelling opportunity for investors seeking a high-traffic, versatile commercial property in a thriving Fort Wayne market.

    Property Features for 5200 Illinois Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    50,000 SF
    Lot Size
    1,360,379 SF

    HighLights

    • High‑traffic location just off I‑69 North/South on/off ramps.
    • Surrounded by numerous retail, industrial, and distribution businesses.
    • Divisible into up to four separate parcels.
    • Divisible into up to four separate parcels.
    • High visibility on Illinois Road with approximately 36,000 vehicles per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    gmps-dehaven Chevrolet Dealer Chevrolet Oil Change Oil Change Service Chevrolet Tire Shop Tire Shop Chevrolet Service Center Auto Repair Shop DeHaven Chevrolet Body ... Auto Body Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.2093351
    Latitude
    41.0768248

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Fort Wayne location, high traffic, versatile
    Where is this lifestyle center located?
    The property is located at 5200 Illinois Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: High-traffic location just off I-69 North/South on/off ramps.; Surrounded by numerous retail, industrial, and distribution businesses.; Divisible into up to four separate parcels.
    Request Owner's contact information
    5200 Illinois Rd Fort Wayne, IN 46804
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    Fort Wayne, IN 46804
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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
    5200 Illinois Rd Fort Wayne, IN 46804
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