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    5129-5215 Illinois Rd Fort Wayne, IN 46804

    For Lease
    $19 SF/Yr

    High-traffic retail space available; excellent location.

    Lot size:
    25,714 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail opportunity is located at the Shoppes of Illinois Road, a single-story, upscale strip center totaling 25,714 square feet. Built in 2007, the property sits on a 4.26-acre lot and offers ample parking. Currently, there are two available spaces, with a minimum divisible space of 913 square feet and a maximum contiguous space of 1,305 square feet. A total of 2,218 square feet is currently vacant. The property boasts a prime location just half a mile west of the bustling Jefferson Pointe Mall, ensuring high visibility and significant foot traffic. With a strong daily traffic count of 30,400 vehicles per day (VPD), this location offers unparalleled exposure for your business. The center benefits from appealing demographics and a desirable tenant mix, including established businesses such as Grueninger Travel, Bespoke Salon, Rise ‘N Roll, Three Fires Pizza, Wingstop, and Firehouse Subs. The property is zoned CM-2 and its Allen County APN is 02-12-08-101-008.000-074. This is an ideal location for businesses seeking high visibility and a strong customer base in a thriving retail environment. Don't miss this chance to establish your business in this successful center.

    Property Features for 5129-5215 Illinois Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,714 SF
    Total Rate
    42320.96

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    106
    Size
    1,310 SF
    Rate per SF
    $19
    Space
    105
    Size
    913 SF
    Rate per SF
    $19

    HighLights

    • Upscale strip center retail space available for lease.
    • Located 0.5 miles west of Jefferson Pointe Mall.
    • High traffic count: 30,400 VPD.
    • Excellent demographics.
    • Join strong tenant mix including Grueninger Travel, Bespoke Salon, Rise 'N Roll, Three Fires Pizza, Wingstop, and Firehouse Subs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wingstop Chicken Wings Restaurant SHOPPES OF ILLINOIS ROAD Business Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.207561
    Latitude
    41.0740162

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space available; excellent location.
    Where is this neighborhood center located?
    The property is located at 5129-5215 Illinois Rd 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: Upscale strip center retail space available for lease.; Located 0.5 miles west of Jefferson Pointe Mall.; High traffic count: 30,400 VPD.
    Request Owner's contact information
    5129-5215 Illinois Rd 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
    5129-5215 Illinois Rd Fort Wayne, IN 46804
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