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    9931 Lima Rd Fort Wayne, IN 46818

    For Sale
    $983,000

    Prime 3.59-acre lot, high traffic area.

    Property size:
    156,380 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3.59-acre commercial land parcel, located at 9931 Lima Road in Fort Wayne, Indiana, presents a unique investment opportunity. Priced at $983,000, this property boasts a substantial 156,380 square feet of land, offering significant development potential. The asking price translates to $6.29 per square foot, reflecting the prime location and high visibility this property enjoys. Situated within a thriving Walmart shopping center, this site benefits from the high traffic volume generated by the surrounding retail establishments. The property's adjacency to Cosmo's Restaurant, along with the presence of other popular fast-food chains such as McDonald's and Arby's, further enhances its desirability and potential for attracting a wide range of businesses. The property's location in Allen County, with a zip code of 46818, provides easy access to major transportation routes and a strong local consumer base. This is an ideal opportunity for developers seeking a high-traffic location with established commercial neighbors in a rapidly growing area of Fort Wayne. The property's size and location make it suitable for a variety of commercial ventures, offering significant long-term investment potential. Detailed site plans and zoning information are available upon request.

    Property Features for 9931 Lima Rd

    General Information

    Property type
    Land
    Square Feet
    156,380 SF
    Lot Size
    156,380 SF

    HighLights

    • $983,000 asking price.
    • 3.59‑acre lot.
    • 156,380 square feet of land.
    • $6.29 price per square foot.
    • Located in Fort Wayne, Indiana, at 9931 Lima Road, in the Walmart shopping center, adjacent to Cosmo's Restaurant and near other popular restaurants like McDonald's and Arby's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -85.1666501
    Latitude
    41.1744216

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    FAQs

    What type of property is this?
    Land - Prime 3.59-acre lot, high traffic area.
    Where is this land located?
    The property is located at 9931 Lima Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $983,000.
    What are key features of this property?
    This property features: $983,000 asking price.; 3.59-acre lot.; 156,380 square feet of land.
    Request Owner's contact information
    9931 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
    9931 Lima Rd Fort Wayne, IN 46818
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