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Property profile & analytics
OFF-MARKET
Warehouses

1506 Wall St Fort Wayne, IN 46802-4350

11,703 SF 0.24 ac lot Built 1918
Entity Owned Free & Clear
Property ID
US31-0645683
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a 9,532 square foot, vacant, mixed-use building situated on a 0.24-acre lot at 1506 Wall Street in Fort Wayne, Indiana. Originally constructed in 1918 and extensively renovated in 2023, this two-story building boasts a 12-foot first-floor ceiling height and offers immense potential for various uses, including restaurant, retail, office, or even a multi-family conversion. The property features 12 parking spaces, a new parking lot, updated storm drainage, new insulated roofing, new windows, and upgraded utility services (gas, electric, sewer, and water). The building is zoned I3 and offers convenient rail service access. The asking price is $599,900, translating to $62.94 per square foot. The second floor has a sloped roof, presenting unique design possibilities. This property is a blank canvas for a creative entrepreneur or investor seeking a prime location in a vibrant area with potential for expansion and high returns. The vacant status allows for complete customization to suit any vision. This is a truly unique opportunity to acquire a substantial property in a desirable location with significant upside potential.

Property profile
Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1918
Construction WOOD
Total area 11,703 SF
Lot 0.24 ac (10,454 SF)
APN 02-12-10-256-001.000-074
UPID US31-0645683
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
The Foundry Fw LLC
The Foundry Fw LLC
since 2025
7 recorded transactions
2026
Price N/A
2025
Price N/A
2025
Price N/A
2023
Price N/A
2022
Price N/A
2022
Price N/A
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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