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    7200 Mill Run Rd Fort Wayne, IN 46819

    For Sale
    $265,000

    1.5-Acre Commercial Lot, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in Fort Wayne, Indiana. Located at 7200 Mill Run Rd, at the highly visible corner of Lower Huntington Road and Airport Expressway, this property boasts a C1/Professional Office and Personal Services zoning designation. Its strategic southeast Fort Wayne location offers excellent visibility and accessibility. Utilities are already on-site, simplifying development. The property's proximity to the Fort Wayne Airport (3.9 miles) adds significant appeal for businesses needing convenient air travel access. The asking price is $265,000, translating to $176,667 per acre. The Allen County parcel, APN 02-12-27-483-001.001-074, is ready for immediate development, making it an ideal site for a variety of commercial ventures. This is a rare opportunity to acquire a well-situated, ready-to-build commercial lot in a thriving area of Fort Wayne. Don't miss this chance to secure a valuable asset in a dynamic commercial environment. The property's location and zoning make it suitable for a wide range of commercial uses. The price per acre reflects the exceptional value and prime location of this property.

    Property Features for 7200 Mill Run Rd

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • $265,000 asking price for 1.5 acres of commercial land.
    • Located at the corner of Lower Huntington Rd./Airport Expressway in Southeast Fort Wayne, IN.
    • C1 zoning, suitable for professional offices and personal services.
    • Utilities available on‑site.
    • 3.9 miles from Fort Wayne Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -85.15305133
    Latitude
    41.01822161

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    FAQs

    What type of property is this?
    Land - 1.5-Acre Commercial Lot, Prime Location
    Where is this land located?
    The property is located at 7200 Mill Run Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: $265,000 asking price for 1.5 acres of commercial land.; Located at the corner of Lower Huntington Rd./Airport Expressway in Southeast Fort Wayne, IN.; C1 zoning, suitable for professional offices and personal services.
    Request Owner's contact information
    7200 Mill Run Rd Fort Wayne, IN 46819
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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
    7200 Mill Run Rd Fort Wayne, IN 46819
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