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Property profile & analytics
OFF-MARKET
Schools

3515 State Blvd Fort Wayne, IN 46808

5 ac lot Built 1970
Property ID
US31-0746402
Property summary
AI-generated overview

This exceptional property at 3515 W State Blvd, Fort Wayne, Indiana, presents a unique investment opportunity. The 5-acre campus features two substantial buildings, ideal for a variety of uses given its R1 zoning. The main structure, built in 1970, boasts 4900 square feet and includes a main church sanctuary, a recreation room, a church hall, and three additional rooms suitable for classrooms or storage. Conveniently located are split restrooms on the main floor and an additional restroom in the lower level. The second building offers an additional 3520 square feet, encompassing a large recreation/hall area, a fully equipped kitchen, a dedicated office, and split restrooms. A significant advantage is the recently updated residential space located upstairs in the second building. This space comprises two spacious living areas, a kitchen, four bedrooms, two full bathrooms, and a large two-car attached garage. The asking price for this well-maintained property is $650,000. This versatile property is situated in Allen County, Indiana, and offers significant potential for various religious, educational, or community-based organizations. The substantial size and existing infrastructure provide ample space for expansion or adaptation to suit specific needs. The combination of the main facility and the updated residential area presents a unique opportunity for live-in management or additional revenue streams. This is a rare opportunity to acquire a well-established property in a desirable location.

Property profile
Verified
Property type Schools
Year built 1970
Lot 5 ac (217,800 SF)
UPID US31-0746402
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
Current use
Occupant on record · Public records
  • Fort Wayne First Church
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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