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    624 Wayne St Fort Wayne, IN 46802

    Sponsored
    For Sale
    $925,000

    Historic Fort Wayne building, 6,380 SF, 12 parking spaces

    Property size:
    6,380 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This magnificent, meticulously restored 1887 historic building at 624 W Wayne St, Fort Wayne, Indiana, presents a unique mixed-use investment opportunity. Boasting 6,380 square feet across three stories, this architectural masterpiece, designed by Wing and Mahurin, features stunning red sandstone exterior with arched openings and intricate floral carvings. The interior seamlessly blends original charm with modern amenities. Intricate hardwood floors, various fireplace mantels, and hand-carved woodwork create an elegant atmosphere. A completely new kitchen, updated bathrooms, and new electrical, HVAC (including four furnaces and four AC units with individual floor controls), and phone/data cabling throughout ensure modern functionality. The upper level, beautifully finished with exposed rafters and brick, offers roof access and is ideal for modern office space. The property includes a private lot with 12 parking spaces and high visibility on the NE corner of West Wayne and Broadway, experiencing over 9,000 vehicles daily. A portion of the building has a separate entrance, suitable for multiple uses. This turnkey property, priced at $925,000 ($144.98/sq ft), offers exceptional potential as office/meeting space, bed and breakfast/Airbnb, restaurant/bar, or a combination thereof. The building's prime location and extensive renovations make it an exceptional investment opportunity in the heart of Fort Wayne. The property is located in Allen County, Indiana, zip code 46802.

    Property Features for 624 Wayne St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,380 SF

    Building Details

    Year Built/Renovated
    147/9
    Stories
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    kerith brook Non-Profit Organization Catalyst Marketing Design Advertising Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store 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
    -85.148162
    Latitude
    41.0771124

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    FAQs

    What type of property is this?
    Mixed-use property - Historic Fort Wayne building, 6,380 SF, 12 parking spaces
    Where is this mixed-use property located?
    The property is located at 624 Wayne St Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $925,000.
    Request Owner's contact information
    624 Wayne St Fort Wayne, IN 46802
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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
    624 Wayne St Fort Wayne, IN 46802
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