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Property profile & analytics
FOR LEASE
Grocery and convenience stores

1201 W State Blvd Fort Wayne, IN 46808

90,613 SF 8.3 ac lot Built 1988
Entity Owned 16-yr Hold Absentee Owner Free & Clear
Property ID
US31-0242745
Property summary
AI-generated overview

This exceptional medical office space, located within the thriving West State Plaza shopping center, offers a unique opportunity for healthcare professionals. Situated in Allen County, this 90,613 square foot multi-tenant building boasts a prime location along W State Blvd, anchored by Kroger and surrounded by other established businesses including Dollar Tree, Rent-A-Center, Chase Bank, and Pizza Hut. The available suite, totaling 3,000-8,000 contiguous square feet, is currently configured as a 3,000 square foot medical office. This well-appointed space features seven exam rooms, three private offices, three restrooms, a dedicated file room, a lab area, and a spacious waiting/reception area. Built in 1987 and zoned C-2 (Commercial), the property sits on an 8.3-acre lot (APN: 02-07-34-426-001.000-074) and provides ample parking with a separate rear parking lot and entrance for added convenience. The minimum divisible space is 3,000 square feet, making it ideal for a variety of medical practices. This is a rare opportunity to establish or expand your practice in a high-traffic, well-established commercial center. Contact us today to schedule a viewing.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1988
Construction TYPE NOT SPECIFIED
Total area 90,613 SF
Lot 8.3 ac (361,461 SF)
APN 02-07-34-426-001.000-074
UPID US31-0242745
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$13.40M
Comparable Approach Comparable
$9.92M
Blend (final) Blend
$10.48M
Owner & transaction history
Kroger Limited Partnership I · 16 yrs held
Kroger Limited Partnership I
since 2009
1 recorded transaction
2009
$5.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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