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    444 Coliseum Blvd Fort Wayne, IN 46805

    Sponsored
    For Sale
    $3,724,380

    Prime location, high-traffic area, redevelopment opportunity.

    Property size:
    169,448 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses a 169,448-square-foot industrial and retail property located at 444 Coliseum Blvd W, Fort Wayne, Indiana, 46805. The property consists of three buildings constructed in 1950, 1972, and 1985, situated on a prime corner lot at a heavily trafficked intersection. The main building, formerly known as Roller Dome North, is complemented by two additional warehouse buildings located at 4515 and 4517 Industrial Road. The property is zoned I3 - Heavy Industrial and offers significant redevelopment potential given its location near numerous retail and industrial corridors, shopping centers, restaurants, and attractions. The asking price is $3,724,380, translating to $21.98 per square foot and $1,241,460 per unit. The property is currently vacant, offering a blank canvas for future development. A key feature is an existing leased billboard generating rental income. The Allen County property includes three separate APNs: 02-07-23-337-001.000-073, 02-07-23-377-002.000-073, and 02-07-23-377.000-073. This location benefits from established infrastructure and high visibility due to its proximity to major thoroughfares and a signalized intersection. This presents a unique chance to capitalize on a high-demand area with significant upside potential.

    Property Features for 444 Coliseum Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    169,448 SF

    Building Details

    Buildings
    3
    Units
    3

    HighLights

    • $3,724,380 asking price for a 169,448 SF vacant storefront property.
    • Three buildings totaling 169,448 square feet, built in 1950, 1972, and 1985.
    • Located at 444 Coliseum Blvd W, Fort Wayne, IN 46805, with I3 - Heavy industrial zoning.
    • Prime location with high traffic counts and a signalized intersection.
    • Includes a leased billboard generating rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roller Dome North Roller Skating Rink

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop 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
    -85.148755937703
    Latitude
    41.118276514885

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, high-traffic area, redevelopment opportunity.
    Where is this individual retail property located?
    The property is located at 444 Coliseum Blvd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $3,724,380.
    What are key features of this property?
    This property features: $3,724,380 asking price for a 169,448 SF vacant storefront property.; Three buildings totaling 169,448 square feet, built in 1950, 1972, and 1985.; Located at 444 Coliseum Blvd W, Fort Wayne, IN 46805, with I3 - Heavy industrial zoning.
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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
    444 Coliseum Blvd Fort Wayne, IN 46805
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