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    Property profile & analytics

    1230 Illinois Rd Fort Wayne, IN 46804

    • Turn key restaurants
    • 6,595 SF
    • 1.07 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 30, 2020
    Location Intelligence
    Property ID
    US31-1300202
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1230 Illinois Rd

    Year built
    2002
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.07 lot acres
    Property size
    6,595 SF
    Property type
    Turn key restaurants
    APN
    02-12-08-201-003.000-074
    APU
    21208201003000074

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1962
    Latitude
    41.0736
    CBSA code
    23060
    CBSA name
    FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,754
    $699,100
    $478,600
    $1,177,700
    -
    $699,100
    $478,600
    $1,177,700

    Comparable in this City

    • Value Estimation by Request
      8,212 SF

      7545 Jefferson Blvd

      RESTAURANT • 8,212 SF
      7545 Jefferson Blvd, Fort Wayne, IN 46804-4131
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    • Value Estimation by Request
      6,191 SF

      5455 Coventry Ln

      RESTAURANT • 6,191 SF
      5455 Coventry Ln, Fort Wayne, IN 46804-7143
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    • Value Estimation
      $605,000
      3,411 SF

      6019 Illinois Rd

      RESTAURANT • 3,411 SF
      6019 Illinois Rd, Fort Wayne, IN 46804-1161
      View Details
    • Value Estimation by Request
      9,439 SF

      4010 Jefferson Blvd

      RESTAURANT • 9,439 SF
      4010 Jefferson Blvd, Fort Wayne, IN 46804-6814
      View Details
    • Value Estimation by Request
      1,969 SF

      1209 Reckeweg Rd

      RESTAURANT • 1,969 SF
      1209 Reckeweg Rd, Fort Wayne, IN 46804-1707
      View Details
    • Value Estimation by Request
      3,236 SF

      1702 Apple Gln Blvd

      RESTAURANT • 3,236 SF
      1702 Apple Gln Blvd, Fort Wayne, IN 46804-1725
      View Details

    Similar Nearby for Sale

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      Fort Wayne Restaurant - $1.575M

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    • $1,200,000
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      Well-positioned outparcel for retail, office, or medical uses.
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    • $925,000
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      Fort Wayne Automotive Retail Opportunity

      Prime commercial location near I-69 and Jefferson Pointe Shopping Center.
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    • $2,500,000
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      Illinois Road Commercial Land

      Prime Fort Wayne location, high traffic, versatile
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    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Restaurant and Retail Spaces Available

      Multiple restaurant and retail spaces for lease with high visibility.
      6709-6739 W Jefferson Blvd, Fort Wayne, IN 46804
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    • $20 SF/Yr
      1,250 SF

      Retail Space in Shorewood Shops

      1,250 SF retail space available in Shorewood Shops.
      9902-9930 Illinois Rd, Fort Wayne, IN 46804
      View Details
    • Contact for pricing
      10,003 SF

      Open-Air Lifestyle Center Retail Space

      Retail space available in a Mediterranean-style shopping center.
      4130-4240 W Jefferson Blvd, Fort Wayne, IN 46804
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    • $1,100 /Mo
      650 SF

      Office/Retail Space For Lease

      Multi-tenant building with office and retail spaces available for lease.
      4930 Illinois Rd, Fort Wayne, IN 46804
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    • $15 SF/Yr
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      Fort Wayne Retail/Office Spaces

      Prime retail/office spaces in southwest professional office park.
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    • Contact for pricing
      904 SF

      Meijer In-Store Retail Space

      Prime Retail, High Traffic, Midwest
      5909 Illinois Rd, Fort Wayne, IN 46804
      View Details
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    Fort Wayne, IN 46804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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