Property profile

545 E State Blvd Fort Wayne, IN 46805

FOR SALE
Parking lots & garages
Property ID
US31-0729558
0.28 ac lot Built 1980
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 0.276-acre commercial lot is ideally situated at 545 E State Blvd in Fort Wayne, Indiana (Allen County, zip code 46805), offering unparalleled visibility and accessibility. Boasting a highly desirable C-3 zoning classification, this property presents a multitude of development opportunities. The lot features an existing curb cut, enhancing convenience and immediate usability. With a daily traffic count of 18,900 vehicles, this location ensures maximum exposure for any business. The property benefits from its proximity to a well-established Mexican restaurant and the Northside High School campus, guaranteeing a consistent flow of potential customers. Further enhancing its appeal, a new gas station and convenience store is under construction just half a block to the east, promising increased foot traffic and synergistic business opportunities. The APN is 02-07-36-160-014.000-074. This is a rare opportunity to acquire a prime commercial parcel in a thriving Fort Wayne location. The asking price is $199,000. Don't miss this chance to secure a valuable asset in a high-traffic area with diverse development potential.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1980
Lot 0.28 ac (12,000 SF)
APN 02-07-36-160-014.000-074
UPID US31-0729558

Cap rate & NOI

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

Location

545 E State Blvd Fort Wayne, IN 46805
Fort Wayne metro Census 100 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2024
Price N/A
2014
$45,000

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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