5200 Illinois RdFort Wayne, IN 46804

Property Details for 5200 Illinois Rd

Year built

1977

Lot size

20.00 AC

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $240,868,560

  6.5%

  $222,340,208

  7%

  $206,458,768

• Comparable approach

  Method

  Valuation

  Relative Method

  $93,942,392

  Geo Method

  $43,227,900

• Alternative Use

  Use

  Valuation

  Residential

  $187,552,288

  Hospitality

  $171,796,896

  Educational

  $142,932,992

  Medical

  $147,848,688

  Retail

  $222,340,208

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0793

Longitude

-85.2089

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.