5200 Illinois Rd Fort Wayne, IN 46804
- Parking lots & garages
- 20.00 lot acres
Current Use by Public Records
- gmps-dehaven / Chevrolet Dealer
- Chevrolet Oil Change / Oil Change Service / Auto Tune Up Service
- Chevrolet Tire Shop / Tire Shop
- Chevrolet Service Center / Auto Repair Shop / Auto Radiator Repair Service
- DeHaven Chevrolet Body Shop / Car Repair And Maintenance Service / Mechanic
Property Details for 5200 Illinois Rd
- Year built
- 1977
- Lot size
- 20.00 lot acres
- Property type
- Parking lots & garages
- APN
- 02-12-05-301-001.000-074
- APU
- 21205301001000074
Description
This exceptional 100,000-square-foot industrial building presents a rare opportunity in Fort Wayne, Indiana. Situated on a substantial 31.23-acre lot (1,360,000 square feet), this property boasts a prime location just off the I-69 North and South on/off ramps, ensuring seamless access to major transportation arteries. The I-2 General Industrial zoning allows for a wide range of manufacturing, warehouse, and distribution uses. The building is currently vacant, offering immediate occupancy for a new tenant. Its strategic positioning benefits from the high traffic volume on Illinois Road (approximately 36,000 vehicles per day) and a robust local workforce. The property's proximity to a large population base (over 125,000 people within a 5-mile radius) further enhances its appeal. This is an ideal site for businesses seeking efficient logistics and a strong local market. The Allen County location and the property's size make it a compelling investment opportunity for industrial users seeking a significant footprint in a thriving area. The parcel number is 02-12-05-301-001.000-076. This turnkey property is ready for immediate development or occupancy, offering significant potential for growth and profitability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $200,000
- 6.5%
- $195,000
- 7%
- $215,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $230,000
- Retail
- $195,000
- Mixed-Use
- $200,000
- Hospitality
- $225,000
- Educational
- $180,000
- Residential Income
- $210,000
- Energy
- $175,000
- Income-Based Land
- $215,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Fort Wayne
- County
- Allen
- State
- Indiana
- Longitude
- -85.2089
- Latitude
- 41.0793
- CBSA code
- 23060
- CBSA name
- FORT WAYNE, IN METROPOLITAN STATISTICAL AREA