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    3500 Illinois Rd Fort Wayne, IN 46802

    Sponsored
    For Sale
    $1,400,000

    Fort Wayne commercial land, I-1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14.84-acre commercial and industrial land parcel in Fort Wayne, Indiana, presents a unique investment opportunity. Located at 3500 Illinois Rd, 46802, this property boasts an ideal location along a major corridor connecting Southwest Fort Wayne to the downtown area, ensuring high visibility and abundant daily traffic exceeding 38,000 vehicles. Zoned I-1 (Light Industrial), the site is ready for immediate development, with all necessary infrastructure already in place. The property features over 1000 feet of frontage on West Jefferson Boulevard and Illinois Road, providing excellent access and exposure. The asking price is $1,400,000, translating to a land value of $7 to $14 per square foot. This prime location is suitable for a wide range of uses, including retail, office, industrial, storage, or multifamily developments. The Allen County property, APN 02-12-04-354-006.000-074, offers significant potential for investors seeking a high-traffic, easily accessible location for their next project. Don't miss this chance to acquire this strategically positioned land parcel in a thriving area of Fort Wayne.

    Property Features for 3500 Illinois Rd

    General Information

    Property type
    Land
    Lot Size
    646,430 SF

    HighLights

    • Reduced Price! Priced to sell!
    • Prime commercial land with excellent frontage and access.
    • High traffic location: Over 38,000 vehicles pass daily.
    • Strategically located at the intersection of W. Jefferson Blvd and Illinois Rd, major arteries to downtown Fort Wayne.
    • Over 1,000 feet of frontage on W. Jefferson Blvd and Illinois Rd.
    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 Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.185845090783
    Latitude
    41.074765896004

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    FAQs

    What type of property is this?
    Land - Fort Wayne commercial land, I-1 zoning.
    Where is this land located?
    The property is located at 3500 Illinois Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Reduced Price! Priced to sell!; Prime commercial land with excellent frontage and access.; High traffic location: Over 38,000 vehicles pass daily.
    Request Owner's contact information
    3500 Illinois Rd Fort Wayne, IN 46802
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    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
    3500 Illinois Rd Fort Wayne, IN 46802
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