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    9026 Illinois Rd Fort Wayne, IN 46804

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    10 Acres, High Traffic, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.18-acre parcel, located at 9026-9122 Illinois Road in Fort Wayne, Indiana, presents a prime opportunity for commercial development. Situated in Allen County, with a Fort Wayne zip code of 46804 (APN: 02-11-02-356-022.000-075), this property boasts a highly desirable location with exceptional visibility and accessibility. The land is zoned AR and offers significant potential for a variety of uses, including retail, medical facilities, office buildings, or restaurants. The site features a substantial 275-foot frontage on Illinois Road, a major thoroughfare experiencing high traffic volume exceeding 26,000 vehicles per day, ensuring strong exposure for any development. The property is divided into three lots: Lot 1 encompasses 3.64 acres, priced at $412,087.91 per acre; Lot 2 comprises 2.54 acres, priced at $393,700.78 per acre; and Lot 3 consists of 4 acres with a negotiable price. This strategic location, combined with its size and zoning, makes this property an attractive investment for developers seeking a high-impact commercial venture in a thriving area. The coordinates are 41.074695 latitude and -85.2607869 longitude. This is a rare opportunity to acquire a substantial land holding in a high-demand location.

    Property Features for 9026 Illinois Rd

    General Information

    Property type
    Land
    Lot Size
    443,441 SF

    HighLights

    • 10.18‑acre commercial and residential land parcel in Fort Wayne, Indiana.
    • AR zoning.
    • High‑traffic location on Illinois Road (26,000+ VPD), offering 275' of frontage.
    • Suitable for retail, medical, office, or restaurant development.
    • APN: 02‑11‑02‑356‑022.000‑075.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.2607869
    Latitude
    41.074695

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    FAQs

    What type of property is this?
    Land - 10 Acres, High Traffic, Development Ready
    Where is this land located?
    The property is located at 9026 Illinois Rd Fort Wayne, IN.
    What are key features of this property?
    This property features: 10.18-acre commercial and residential land parcel in Fort Wayne, Indiana.; AR zoning.; High-traffic location on Illinois Road (26,000+ VPD), offering 275' of frontage.
    Request Owner's contact information
    9026 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
    9026 Illinois Rd Fort Wayne, IN 46804
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