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    545 State Blvd Fort Wayne, IN 46805

    For Sale
    $199,000

    0.276 Acres, High Visibility, C-3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.276-acre commercial lot is ideally situated at 545 E State Blvd in Fort Wayne, Indiana (Allen County, zip code 46805), offering unparalleled visibility and accessibility. Boasting a highly desirable C-3 zoning classification, this property presents a multitude of development opportunities. The lot features an existing curb cut, enhancing convenience and immediate usability. With a daily traffic count of 18,900 vehicles, this location ensures maximum exposure for any business. The property benefits from its proximity to a well-established Mexican restaurant and the Northside High School campus, guaranteeing a consistent flow of potential customers. Further enhancing its appeal, a new gas station and convenience store is under construction just half a block to the east, promising increased foot traffic and synergistic business opportunities. The APN is 02-07-36-160-014.000-074. This is a rare opportunity to acquire a prime commercial parcel in a thriving Fort Wayne location. The asking price is $199,000. Don't miss this chance to secure a valuable asset in a high-traffic area with diverse development potential.

    Property Features for 545 State Blvd

    General Information

    Property type
    Land
    Lot Size
    12,023 SF

    HighLights

    • $199,000 asking price.
    • 0.276‑acre commercial land parcel.
    • C‑3 zoning.
    • Located at 545 E State Blvd, Fort Wayne, IN 46805.
    • High visibility with 18,900 VPD traffic count.
    Property Profile Insight Report 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
    -85.132953227663
    Latitude
    41.096467236893

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    FAQs

    What type of property is this?
    Land - 0.276 Acres, High Visibility, C-3 Zoning
    Where is this land located?
    The property is located at 545 State Blvd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: $199,000 asking price.; 0.276-acre commercial land parcel.; C-3 zoning.
    (260) 421-1906
    Request Owner's contact information
    545 State Blvd Fort Wayne, IN 46805
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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
    545 State Blvd Fort Wayne, IN 46805
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