Property profile

1441 Wells St Fort Wayne, IN 46808

OFF-MARKET
Warehouses
4,960 SF 0.29 ac lot Built 1900
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Property summary

AI-generated overview

This mixed-use industrial property, located at 1441 Wells St, Fort Wayne, IN 46808, presents a unique investment opportunity. The 4,960 square foot building, constructed in 1900, sits on a 0.29-acre lot and boasts a single-story design with a 12.5' ceiling height. The property features a blend of warehouse and office space, with 1,873 square feet dedicated to office use and 3,087 square feet to warehouse space. The warehouse area includes a clear-span layout and a 12' x 10' overhead door conveniently located off 4th Street. Ample parking and outdoor storage are available at the rear of the building. The property benefits from high visibility on Wells Street, with an estimated 15,000 vehicles passing daily. Its prime location is just 0.5 miles north of downtown Fort Wayne, near the new riverfront development and the future River North mixed-use project. The property is zoned UC and includes one loading dock. The Allen County property features a single tenancy and is offered at $425,000, or $85.69 per square foot. The APN is 02-12-02-128-042.000-074. This versatile space is suitable for a variety of uses, making it an attractive option for both investors and businesses seeking a prominent location in a thriving area.

Property profile

Verified
Property type Warehouses
Year built 1900
Total area 4,960 SF
Lot 0.29 ac (12,632 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
  • Home Appliance Store Building Supply

Location

1441 Wells St Fort Wayne, IN 46808
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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