Property profile

5200 Illinois Rd Fort Wayne, IN 46804

FOR SALE
Parking lots & garages
Property ID
US31-0445978
20 ac lot Built 1977
Entity Owned 13-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 100,000-square-foot industrial building presents a rare opportunity in Fort Wayne, Indiana. Situated on a substantial 31.23-acre lot (1,360,000 square feet), this property boasts a prime location just off the I-69 North and South on/off ramps, ensuring seamless access to major transportation arteries. The I-2 General Industrial zoning allows for a wide range of manufacturing, warehouse, and distribution uses. The building is currently vacant, offering immediate occupancy for a new tenant. Its strategic positioning benefits from the high traffic volume on Illinois Road (approximately 36,000 vehicles per day) and a robust local workforce. The property's proximity to a large population base (over 125,000 people within a 5-mile radius) further enhances its appeal. This is an ideal site for businesses seeking efficient logistics and a strong local market. The Allen County location and the property's size make it a compelling investment opportunity for industrial users seeking a significant footprint in a thriving area. The parcel number is 02-12-05-301-001.000-076. This turnkey property is ready for immediate development or occupancy, offering significant potential for growth and profitability.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1977
Lot 20 ac (871,200 SF)
APN 02-12-05-301-001.000-074
UPID US31-0445978

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership Auto Repair Shop
  • Auto Repair Shop
  • (Bike/Boat/Book/etc) Store Auto Parts Store
  • Auto Repair Shop
  • Auto Repair Shop

Location

5200 Illinois Rd Fort Wayne, IN 46804
Fort Wayne metro Census 11501 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2013
1 recorded transaction
2013
$245,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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