Property profile

118 Washington Blvd Fort Wayne, IN 46802

OFF-MARKET
Mixed-use properties
0.2 ac lot
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Property summary

AI-generated overview

This stunning, renovated mixed-use property in downtown Fort Wayne, Indiana, presents a unique investment opportunity. The building, formerly known as the Thirsty Camel, boasts a prime location across from the Grand Wayne Center. It comprises three units: two commercial spaces and a substantial 10,000 sq ft residential unit. The commercial spaces, currently 100% occupied by IES Engineering and New York Dentist, are under a lease expiring May 31, 2024. Each commercial unit features unique details, including exposed brick walls and private garages with alley access. The residential unit, spanning three floors, offers an open-concept design with high ceilings, aged wood floors, and historically tall windows (replaced in 2018). The kitchen is equipped with professional-grade appliances, including two large refrigerators/freezers and two dishwashers. A 50x30 patio extends the living space. The upper floors include a master suite with a sitting area, hot tub, and large walk-in closet, plus additional bedrooms, each with private bathrooms and walk-in closets. A unique feature is the unfinished fourth floor, rumored to have been a shooting range, offering ample additional space. The building includes a 14-car parking garage and a private elevator. The property sits on a 0.2-acre lot and underwent a significant renovation in 2018. This exceptional property offers a blend of income-generating commercial space and luxurious residential living, making it an ideal owner-user investment. The building's rich history and modern amenities create a truly unique offering in the heart of Fort Wayne.

Property profile

Verified
Property type Mixed-use properties
Lot 0.2 ac (8,712 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
  • Engineering Consultant

Location

118 Washington Blvd Fort Wayne, IN 46802
Fort Wayne metro
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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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