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    Mayhew Rd Fort Wayne, IN 46825

    For Sale
    $553,212

    Prime Fort Wayne location, high demand area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial land site, located on Mayhew Road in Fort Wayne, Indiana, presents a unique investment opportunity. Zoned NC (Neighborhood Center), this property offers 0.63 acres of buildable land, ideal for retail or office development. The site boasts a highly desirable location on Fort Wayne's north side, surrounded by thriving businesses and significant recent development in the retail and medical sectors. Nearby establishments include Leo Crossing, Walgreens, First Merchants Bank, Big Eyed Fish, Dupont Car & Truck Wash, Pizza Hut, Leo Donuts, and William's Service Center/NAPA Auto Parts. Its strategic position provides convenient access to major transportation arteries, including two I-69 interchanges (Dupont Road and Union Chapel Road) and the I-469 interchange. Furthermore, the property's proximity to major medical facilities, such as Parkview Regional Medical Center (1.3 miles) and Dupont Hospital (1.9 miles), adds to its appeal and potential for attracting a diverse range of businesses. The Allen County property, with APN 02-08-04-100-016.000-063, is offered at an asking price of $553,212. This presents a compelling opportunity to capitalize on the robust growth and high demand in this established Fort Wayne neighborhood. The zip code is 46825.

    Property Features for 0 Mayhew Rd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.0757616
    Latitude
    41.1703426

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    FAQs

    What type of property is this?
    Land - Prime Fort Wayne location, high demand area.
    Where is this land located?
    The property is located at Mayhew Rd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $553,212.
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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
    Mayhew Rd Fort Wayne, IN 46825
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