3909 Lake AveFort Wayne, IN 46805

Property Details for 3909 Lake Ave

Year built

2008

Construction

WOOD

Lot size

1.30 AC

Property size (Sq ft)

8,025 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

02-08-32-378-021.000-072

APU

20832378021000072

Description

This 9,463-square-foot, single-story medical office building is situated on a 1.33-acre lot at 3909 Lake Avenue in Fort Wayne, Indiana. Built in 2008, this former DaVita Dialysis center offers a highly desirable layout, including a spacious open floor plan, a lounge/conference/break room, four restrooms, a shower room, and a welcoming reception area. The property boasts prominent signage and excellent accessibility with two points of ingress and egress. Ample surface parking accommodates approximately 40 vehicles. The CM2 zoning allows for a variety of uses, including continued operation as a medical facility or adaptive reuse for retail or other commercial purposes. The building is currently vacant and presents a unique opportunity for owner-users or investors. The property features a convenient location in Fort Wayne, with high visibility and easy access. The Allen County location provides a strong foundation for a variety of business ventures. This freestanding building offers significant potential for a range of commercial uses, benefiting from its existing infrastructure and flexible zoning. The property's size and layout provide ample space for customization and expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $1,509,350

  6.5%

  $1,393,246

  7%

  $1,293,729

• Comparable approach

  Method

  Valuation

  Relative Method

  $250,470

  Geo Method

  $158,012

• Alternative Use

  Use

  Valuation

  Residential

  $1,727,625

  Hospitality

  $1,582,496

  Educational

  $1,316,618

  Medical

  $1,361,898

  Retail

  $2,048,072

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0909

Longitude

-85.0893

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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