Property profile

3123 State Blvd Fort Wayne, IN 46805

OFF-MARKET
Retail properties & Spaces
37,939 SF 4.21 ac lot Built 1989
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Property summary

AI-generated overview

This exceptional 2,611-square-foot medical office space is situated within a popular shopping center in northeast Fort Wayne, Indiana, at 3123 E. State Blvd., at the corner of Hobson Road. The property boasts a prime location on a busy thoroughfare, offering excellent visibility and accessibility. This single-tenant space is currently in a "vanilla box" condition, providing a blank canvas for tenant customization. The building, constructed in 1989 and renovated in 2020, is a Class B property with ample parking (200 spaces) for both patients and staff. The property sits on 4.21 acres and is part of a larger complex totaling 37,939 square feet, spread across two single-story buildings. The space benefits from prominent pylon and facade signage opportunities, enhancing visibility and brand recognition. Its strategic location near residential areas, other medical facilities, and restaurants ensures high foot traffic and convenient access for patients. The zoning is C-2. The property's APN is 02-08-31-283-002.000-072. The landlord prefers a lease term between two and five years. This is an ideal opportunity for medical professionals seeking a well-located, adaptable space in a thriving Fort Wayne submarket. The zip code is 46805.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1989
Total area 37,939 SF
Lot 4.21 ac (183,388 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store Party Supply Store
  • Barber Shop
  • Barber Shop
  • Hair Salon Nail Salon

Location

3123 State Blvd Fort Wayne, IN 46805
Fort Wayne metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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