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    Property profile & analytics

    303 Tillman Rd Fort Wayne, IN 46816-1017

    • Retail space
    • 6,720 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US31-2196654
    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

    • 19th Hole / Bar & Grill

    Property Details for 303 Tillman Rd

    Year built
    1967
    Construction
    WOOD
    Lot size
    0.72 lot acres
    Property size
    6,720 SF
    Property type
    Retail space
    APN
    02-12-26-477-020.000-074
    APU
    21226477020000074

    Description

    This exceptional investment opportunity presents a fully operational restaurant and bar situated at 303 East Tillman Road, Fort Wayne, Indiana, 46816. The property boasts 4,305 square feet across two stories within a single building constructed in 1967. The 0.9-acre lot is zoned C-4, offering significant potential. The asking price of $659,000 includes a valuable three-way liquor license, all furniture, fixtures, and equipment (excluding the computerized cash register). A fully equipped kitchen featuring a walk-in cooler is included, along with two pool tables and an eight-slot pull tab machine. The property's prominent location adjacent to the Indiana Institute of Technology Athletic Complex provides high visibility and consistent foot traffic. The property's APN is 02-12-26-477-020.000-074 and 02-12-26-477-016.000-074. This turnkey operation presents a rare chance to acquire an established business with significant assets in a desirable location. The digital reader board adds to the property's marketing capabilities. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $405,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $345,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $340,000
      Mixed-Use
      $315,000
      Hospitality
      $295,000
      Educational
      $370,000
      Residential Income
      $320,000
      Energy
      $345,000
      Income-Based Land
      $290,000
      Food Service
      $355,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1337
    Latitude
    41.0174
    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
    $2,313
    $27,500
    $58,300
    $85,800
    -
    $27,500
    $58,300
    $85,800

    Comparable in this City

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      5917 Hessen Cassel Rd

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    • Value Estimation
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      2,144 SF

      7117 Decatur Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,144 SF
      7117 Decatur Rd, Fort Wayne, IN 46816-3936
      View Details

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    303 Tillman Rd
    Fort Wayne, IN 46816-1017
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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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