4809 Illinois Rd Fort Wayne, IN 46804-1165
- Office Properties & Spaces
- 15,238 SF
- 2.80 lot acres
Nov 14, 2024
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
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $980,000
- AI Estimate
- $1,205,000
Market price range: $430k - $1.98MMarket 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
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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