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    Us 27 & Tillman Rd Fort Wayne, IN 46816

    For Sale
    $430,373

    Prime Fort Wayne development land, multifamily potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional development opportunity encompasses two tracts of land totaling 14.96 acres situated at the high-traffic intersection of US 27 and Tillman Road in Fort Wayne, Indiana. Tract 10 comprises 2.97 acres, while Tract 13 offers a substantial 11.99 acres. The property boasts excellent visibility and accessibility, strategically located near major retail anchors including Walmart and Menards. Additional nearby businesses include Domino's Pizza, Fifth Third Bank, Wendy's, and Taco Bell, further enhancing the site's desirability. The Public Safety Academy is situated south of Tract 10. Both tracts are zoned SC - Shopping Center, presenting a unique opportunity for the development of a vibrant retail center. This prime location offers significant potential for a variety of commercial uses, making it an attractive investment for developers seeking high-impact exposure and strong tenant prospects. The asking price for this exceptional development opportunity is $430,373. The property is ideally suited for multifamily development, given its zoning and proximity to established businesses and amenities. This is a rare chance to acquire a large parcel of land in a thriving commercial corridor. The property's size and zoning provide flexibility for a range of development plans.

    Property Features for 0 Us 27 & Tillman Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    129,373 SF

    HighLights

    • 14.96‑acre development site (Tracts 10 & 13) at high‑traffic US 27 & Tillman Rd intersection in Fort Wayne, IN.
    • Excellent visibility and accessibility near major retailers (Walmart, Menards) and other businesses.
    • Zoned SC (Shopping Center), suitable for various commercial uses, including multifamily.
    • Tracts range from 2.97 to 11.99 acres; asking price: $430,373.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.122519258366
    Latitude
    41.017195468685

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    FAQs

    What type of property is this?
    Multifamily property - Prime Fort Wayne development land, multifamily potential.
    Where is this multifamily property located?
    The property is located at Us 27 & Tillman Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $430,373.
    What are key features of this property?
    This property features: 14.96-acre development site (Tracts 10 & 13) at high-traffic US 27 & Tillman Rd intersection in Fort Wayne, IN.; Excellent visibility and accessibility near major retailers (Walmart, Menards) and other businesses.; Zoned SC (Shopping Center), suitable for various commercial uses, including multifamily.
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    Us 27 & Tillman Rd Fort Wayne, IN 46816
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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
    Us 27 & Tillman Rd Fort Wayne, IN 46816
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