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Property profile & analytics
FOR LEASE
Outlet malls

5909 Illinois Rd Fort Wayne, IN 46804

218,656 SF 42.69 ac lot Built 1993
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US31-0207245
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • VetIQ Petcare Veterinary Clinic
  • Meijer Pharmacy Pharmacy
  • Quick-Tag (Bike/Boat/Book/etc) Store Pet Store & Service
  • Fort Financial Credit Union Credit Union
  • Meijer Deli Food Market Restaurant
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
New Ventures Group LLC · 9 yrs held
New Ventures Group LLC
since 2016
2 recorded transactions
2016
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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