Technical
Financial
Distress signals
Property profile

616 S Harrison St Fort Wayne, IN 46802

FOR LEASE
Retail space
Property ID
US31-2872704
10,143 SF 430 ac lot Built 1950
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,718 square foot commercial space, located at 616 S Harrison St in Fort Wayne, Indiana, presents a unique investment opportunity. Part of the Randall Lofts building, this traditional office space is situated in a vibrant downtown location, boasting a Class B designation. The building, constructed in 1950 and renovated in 2015, features a striking brick facade and black awnings, creating an inviting atmosphere. The space is part of a larger 50,715 square foot building with five stories and a 12-foot ceiling height. Conveniently located next to The Landing and Boutique Hotel, and a mere 30-second walk from Promenade Park, this property benefits from high foot traffic and proximity to amenities. The building includes elevators and is served by AEP power. The property sits on 0.04 acres of land and is zoned C2 (Allen County APN: 02-12-02-418-001.000-074). With 54 luxury apartments above, this location offers unparalleled access to a thriving residential community. This is an ideal space for businesses seeking a high-visibility location in the heart of Fort Wayne's dynamic downtown area. The multiple tenancy structure provides flexibility for various business models.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction WOOD
Total area 10,143 SF
Lot 430 ac (18,730,800 SF)
APN 02-12-02-418-001.000-074
UPID US31-2872704

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
  • Hair Salon

Location

616 S Harrison St Fort Wayne, IN 46802
Fort Wayne metro Census 1200 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.50M
Comparable Approach Comparable
$1.13M
Blend (final) Blend
$255k

Owner & transaction history

since 2011
2 recorded transactions
2011
Price N/A
2011
$516,491

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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