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Property profile & analytics
OFF-MARKET
Office Spaces

5308 St Joe Rd Fort Wayne, IN 46835

1,451 SF 0.68 ac lot Built 1950
Property ID
Property summary
AI-generated overview

This 1,451 square foot creative office building, situated on a 0.68-acre lot in Fort Wayne, Indiana, presents a unique redevelopment opportunity. The property, located at 5308 St. Joe Rd, boasts a prime location within walking distance of Purdue Fort Wayne, IU Fort Wayne, and Ivy Tech campuses, as well as Canterbury Green Golf Course and Market Place of Canterbury. The building, constructed in 1950 and renovated in 1986, is a Class B, single-tenant property with a permitted R1 zoning. Features include 1,118 square feet of building space plus a 333 square foot garage, totaling 1,451 square feet of net rentable space. The two-story building offers convenient grade-level access via two doors and provides five parking spaces. Additional benefits include 100 feet of street frontage and a monument sign. The property's proximity to popular student housing options like Canterbury Green Apartments and St. Joe Place makes it an attractive investment for those seeking a strong rental market. The asking price is $325,000. The Allen County property (APN: 02-08-20-152-004.000-072) is available for immediate occupancy.

Property profile
Verified
Property type Office Spaces
Year built 1950
Total area 1,451 SF
Lot 0.68 ac (29,621 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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