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Financial
Distress signals
Property profile

1502 W Main St Fort Wayne, IN 46808

FOR LEASE
Auto shops
Property ID
US31-0691285
1,040 SF 0.09 ac lot Built 1942
Last sale Dec 2024
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 1,040-square-foot commercial building at 1502 W Main Street in Fort Wayne is configured with office space, a restroom, and two garage bay doors. The interior layout is described as flexible for customer-oriented retail or food-service use and allows for redevelopment or modification subject to the proposed use and ownership approval. The building is positioned at the West Main Street corner, providing vehicle exposure and pedestrian foot traffic exposure, and includes on-site parking for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$768
Tax billed · 2023
Assessed value$29k
Assessed land$7k
Assessed improvement$22k
Effective rate2.69%

Value estimate

· Oct 2026
$150k
$135k – $165k
NOI build-up
Gross scheduled income$16k
Vacancy & credit loss−$1k
Operating expenses−$4k
NOI · 999,200.00% cap applied$10k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
999,200.00%
$10k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALLEN

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office17.0
Realty agency14.3
Pharmacy11.3

Location

1502 W Main St Fort Wayne, IN 46808
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 14 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2906 Coliseum, Fort Wayne, IN 46808-1081 $255,220 Jul 2020 8,820 SF
1607 Wls, Fort Wayne, IN 46808-3233 $110,000 Jun 2020 1,472 SF
901 Goshen, Fort Wayne, IN 46808-2058 $13,000 Dec 2018 3,175 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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