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    1609 Garden Club Dr Fort Wayne, IN 46825

    For Sale
    $500,000

    0.7-acre C-2 zoned lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 0.7-acre commercial land parcel, located at 1609 Garden Club Dr, Fort Wayne, Indiana, presents a unique investment opportunity. Situated at the southeast corner of Lima Road and Garden Club Drive, this property boasts 118 feet of frontage on the heavily trafficked six-lane Lima Road, ensuring high visibility for any business. With a daily traffic count of 38,800 vehicles, this location offers unparalleled exposure. The property is conveniently located less than one mile from I-69, providing easy access to major transportation routes. The C-2 zoning allows for a variety of commercial uses. Adjacent to Kaleidoscope Floors and just north of the Lima/Cook Road intersection, this site benefits from proximity to professional offices, shopping centers, restaurants, and residential areas. The Allen County parcel number is 02-07-10-453-017.001-073. The asking price for this prime commercial land is $500,000, representing a price per acre of $714,285. This is an ideal location for businesses seeking high visibility and convenient access to a thriving community. The zip code is 46825.

    Property Features for 1609 Garden Club Dr

    General Information

    Property type
    Land
    Lot Size
    30,492 SF

    HighLights

    • 0.70‑acre commercial land parcel.
    • C‑2 Limited Commercial zoning.
    • 118 feet of frontage on heavily trafficked Lima Road (38,800 VPD).
    • Excellent location near professional offices, shopping, restaurants, and residential areas.
    • Asking price: $500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Auto Repair Shop Building Supply 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
    -85.16411602
    Latitude
    41.1467486

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    FAQs

    What type of property is this?
    Land - 0.7-acre C-2 zoned lot, high traffic area.
    Where is this land located?
    The property is located at 1609 Garden Club Dr Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 0.70-acre commercial land parcel.; C-2 Limited Commercial zoning.; 118 feet of frontage on heavily trafficked Lima Road (38,800 VPD).
    (260) 421-1909
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    1609 Garden Club Dr Fort Wayne, IN 46825
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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
    1609 Garden Club Dr Fort Wayne, IN 46825
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