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    5610 Coventry Ln Fort Wayne, IN 46804

    For Sale
    $1,000,000

    3,553 SF Office, $1M, High-Growth Area

    Property size:
    3,553 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,553-square-foot executive office space, located at 5610 Coventry Lane in Fort Wayne, Indiana, presents a unique investment opportunity. The property, built in 1992, boasts a desirable C-1 zoning classification and sits on a 0.98-acre lot within the Airport Overlay District. Its strategic location offers unparalleled convenience, situated near major thoroughfares including I-69 and Jefferson Boulevard, ensuring easy accessibility for clients and employees. The building's modern architecture is complemented by a substantial 33-space dedicated parking lot, a significant advantage in a high-traffic area. Previously a bank branch, the property features four drive-thru lanes, making it ideally suited for a variety of uses, including retail, office, or medical practices. The surrounding area is thriving, with nearby establishments such as Kroger and Lutheran Hospital, attracting a high volume of foot traffic and providing a strong customer base. This property represents a rare chance to acquire a well-positioned, versatile commercial space in a rapidly growing section of Fort Wayne and Allen County. The asking price is $1,000,000. The property's features and location make it an attractive investment for discerning buyers seeking a high-return opportunity in a prime Fort Wayne location.

    Property Features for 5610 Coventry Ln

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,553 SF
    Lot Size
    42,689 SF

    Building Details

    Year Built
    1992

    HighLights

    • 33‑space dedicated parking lot.
    • 4 drive‑thru lanes.
    • Located in a high‑growth area of Fort Wayne and Allen County.
    • Built in 1992.
    • C‑1 zoning within the Airport Overlay District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PNC Bank ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.2586493
    Latitude
    41.0362459

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    FAQs

    What type of property is this?
    Office Property / Space - 3,553 SF Office, $1M, High-Growth Area
    Where is this office property / space located?
    The property is located at 5610 Coventry Ln Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 33-space dedicated parking lot.; 4 drive-thru lanes.; Located in a high-growth area of Fort Wayne and Allen County.
    Request Owner's contact information
    5610 Coventry Ln 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
    5610 Coventry Ln Fort Wayne, IN 46804
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