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Property profile & analytics

4809 Illinois Rd Fort Wayne, IN 46804-1165

  • Office Properties & Spaces
  • 15,238 SF
  • 2.80 lot acres
OFF-MARKET
Last Sale
Nov 14, 2024
Value Estimations
$1,255,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-0855230
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

  • Office Properties & Spaces

Property Details for 4809 Illinois Rd

Year built
1974
Construction
TYPE NOT SPECIFIED
Lot size
2.80 lot acres
Property size
15,238 SF
Property type
Office Properties & Spaces
APN
02-12-08-126-002.000-074
APU
21208126002000074

Description

This exceptional 15,545-square-foot office building, situated on a 2.45-acre lot in Fort Wayne, Indiana, presents a compelling investment opportunity. Built in 1974, the single-story structure is zoned C2 and boasts ample parking, ideal for both office and retail uses. Its prime location on Illinois Road offers unparalleled visibility, directly adjacent to Apple Glen Crossing and Jefferson Pointe, two thriving commercial centers. The property benefits from its proximity to major retailers including Kohl's, Dick's Sporting Goods, Walmart, Von Maur, Target, Lowe's, and Menards, as well as numerous restaurants. Conveniently located just 1.1 miles east of I-69, this property enjoys easy access to major transportation routes. The asking price is $3,200,000, translating to $205.85 per square foot. The property is divisible, with options for smaller spaces, including a 2,667 square foot office space and a 3,434 square foot warehouse space. This presents a unique chance to acquire a well-positioned asset in one of Fort Wayne's most desirable retail submarkets. The Allen County property, with APN 02-12-08-126-002.000-074, offers significant potential for a variety of commercial uses.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $980,000
    Market price range: $430k - $1.98M
    AI Estimate
    $1,205,000
    Market price range: $491k - $2.17M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $1,130,000
    Current use
    RETAIL STORES
    $1,445,000
    Change: +28% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Fort Wayne
County
Allen
State
Indiana
Longitude
-85.204
Latitude
41.0737
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
$22,317
$469,200
$358,500
$827,700
-
$469,200
$358,500
$827,700
More about this property
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