Property profile

1331 Berry St Fort Wayne, IN 46803

OFF-MARKET
Industrial properties
49,620 SF 2.64 ac lot Built 1926
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Property summary

AI-generated overview

This exceptional 49,620-square-foot mixed-use building presents a unique investment opportunity in Fort Wayne, Indiana. Situated on a 2.64-acre lot at 1331 E Berry St, this two-story concrete structure boasts a versatile layout currently accommodating an auto repair shop, warehouse, educational space, and offices. The property features two loading docks and four dock-high doors, ensuring efficient loading and unloading. The building is equipped with 120/240/360 electric service, and a sprinkler system is installed throughout most of the space. Ceiling heights vary, offering flexibility for diverse uses. Handicap-accessible restrooms are provided for convenience. An electric sign with remote programming enhances visibility. The property is zoned I2, R3, and C3, allowing for a range of potential uses. Built in 1926, this well-maintained building offers significant potential for a variety of businesses. The asking price is $1,200,000, translating to $24.18 per square foot. The Allen County location and ample space make this a compelling investment prospect. The property's APN is 02-12-01-405-005.000-074.

Property profile

Verified
Property type Industrial properties
Year built 1926
Total area 49,620 SF
Lot 2.64 ac (114,998 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
  • Church
  • Law Firm
  • Recording Studio
  • Auto Repair Shop
  • Food Bank Charitable Organization

Location

1331 Berry St Fort Wayne, IN 46803
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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