Technical
Financial
Distress signals
Property profile

5909 Illinois Rd Fort Wayne, IN 46804

FOR LEASE
Outlet malls
Property ID
US31-0207245
218,656 SF 42.69 ac lot Built 1993
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail leasing opportunity offers two available spaces, totaling 904 square feet, within high-traffic Meijer stores across the Midwest. These prime, front-of-store locations provide unparalleled visibility and access to thousands of weekly customers. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance (CAM), and utilities, simplifying operations. Strategically placed for maximum customer interaction, these spaces boast both interior and exterior branding opportunities via building signage. Located in thriving trade areas with desirable demographics, these spaces are ideal for a variety of businesses, including financial institutions, food and beverage establishments, service businesses, and health and wellness providers. Multiple vacancies exist in various Meijer locations throughout the Midwest. Allen County properties are currently available. The spaces range in size from 661 to 904 square feet. This "Store-Within-A-Store" concept offers a unique opportunity to position your business within one of the Midwest's most well-known retail destinations. Currently, 904 square feet are vacant and ready for immediate occupancy.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1993
Construction TYPE NOT SPECIFIED
Total area 218,656 SF
Lot 42.69 ac (1,859,576 SF)
APN 02-12-07-201-007.000-074
UPID US31-0207245

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
  • Veterinary Clinic
  • Pharmacy
  • (Bike/Boat/Book/etc) Store Pet Store & Service
  • Credit Union
  • Food Market Restaurant

Location

5909 Illinois Rd Fort Wayne, IN 46804
Fort Wayne metro Census 11501 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.63M
Blend (final) Blend
$5.72M

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
2013
Price N/A

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?”
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