1643 Wells St Fort Wayne, IN 46808
This exceptional Fort Wayne, Indiana property, located at 1643 N Wells St, offers two available retail spaces totaling 2,093 square feet of newly renovated space within a 6,608 square foot building. The spaces are divisible to a minimum of 656 square feet, providing flexibility for various business needs. Built in 1900 and completely renovated in 2024, the building features a modern façade with new storefront windows, creating a highly visible presence on the bustling Wells Street Corridor. The property boasts six parking spaces and is situated on a 0.1-acre lot. The building is two stories, with no elevator. The zoning is UC - Urban Core. This vibrant location benefits from high traffic counts exceeding 15,000 vehicles daily, and its proximity to the University of Saint Francis and Fort Wayne Children's Zoo ensures a diverse customer base. The area's recent economic growth, including the planned "Wells Street Wedge" development, further enhances the property's investment potential. The property's location within the Wells Street Corridor places it amongst established businesses, creating a thriving commercial environment. The property's APN is 02-07-35-38-021.000-074. This is a unique opportunity to establish a business in a rapidly developing and highly desirable area of Fort Wayne.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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