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    14900 Illinois Rd Fort Wayne, IN 46814

    Sponsored
    For Sale
    $960,000

    9.71 Acres, High Visibility, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.71-acre agricultural parcel, located at 14900 Illinois Road in Fort Wayne, Indiana, presents a compelling investment opportunity. Zoned A1-Agricultural (APN: 02-11-06-400.001.000-038), this property boasts approximately 300 feet of frontage on Illinois Road, ensuring high visibility and convenient access. Situated in a rapidly expanding area of Fort Wayne, the land benefits from excellent demographics and is surrounded by a mix of thriving residential and commercial developments. The asking price is $960,000. This makes it an ideal location for various development projects, capitalizing on the area's strong growth trajectory and high demand for land. The property's size and location offer significant potential for future appreciation, making it an attractive investment for both developers and long-term investors seeking a strategic foothold in a dynamic market. Allen County's robust economy and the property's prime location within Fort Wayne's expanding landscape contribute to its exceptional value proposition. This is a rare opportunity to acquire a substantial land parcel in a highly sought-after area.

    Property Features for 14900 Illinois Rd

    General Information

    Property type
    Farms
    Lot Size
    422,968 SF

    HighLights

    • 9.71‑acre agricultural parcel in a rapidly growing Fort Wayne submarket.
    • High visibility with approximately 300 feet of frontage on Illinois Road.
    • Zoned A1‑Agricultural (APN: 02‑11‑06‑400.001.000‑038).
    • Asking price: $960,000.
    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 Hair Salon Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.330795
    Latitude
    41.077965

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    FAQs

    What type of property is this?
    Farm - 9.71 Acres, High Visibility, Development Ready
    Where is this farm located?
    The property is located at 14900 Illinois Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $960,000.
    What are key features of this property?
    This property features: 9.71-acre agricultural parcel in a rapidly growing Fort Wayne submarket.; High visibility with approximately 300 feet of frontage on Illinois Road.; Zoned A1-Agricultural (APN: 02-11-06-400.001.000-038).
    Request Owner's contact information
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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
    14900 Illinois Rd Fort Wayne, IN 46814
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