3500 Illinois Rd Fort Wayne, IN 46802
This exceptional 14.84-acre commercial and industrial land parcel in Fort Wayne, Indiana, presents a unique investment opportunity. Located at 3500 Illinois Rd, 46802, this property boasts an ideal location along a major corridor connecting Southwest Fort Wayne to the downtown area, ensuring high visibility and abundant daily traffic exceeding 38,000 vehicles. Zoned I-1 (Light Industrial), the site is ready for immediate development, with all necessary infrastructure already in place. The property features over 1000 feet of frontage on West Jefferson Boulevard and Illinois Road, providing excellent access and exposure. The asking price is $1,400,000, translating to a land value of $7 to $14 per square foot. This prime location is suitable for a wide range of uses, including retail, office, industrial, storage, or multifamily developments. The Allen County property, APN 02-12-04-354-006.000-074, offers significant potential for investors seeking a high-traffic, easily accessible location for their next project. Don't miss this chance to acquire this strategically positioned land parcel in a thriving area of Fort Wayne.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.