Technical
Financial
Distress signals
Property profile

6203 Fairfield Ave Fort Wayne, IN 46807

OFF-MARKET
Commercial real estate
Property ID
US31-0398700
4,130 SF 0.64 ac lot Built 1970
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This 4,100 square foot vacant retail building located at 6203 Fairfield Ave, Fort Wayne, Indiana, 46807 presents a unique investment opportunity. Situated on a sizable 0.64-acre lot, the property features a main building with office space and an overhead industrial garage, complemented by ample on-site parking. The building is currently vacant, offering flexibility for a variety of uses. The property's C2 zoning permits a range of commercial activities, including auto shops, grocery stores, and restaurants, making it ideal for entrepreneurs seeking a versatile space. The asking price is $299,900, translating to $73.15 per square foot. The property's size and zoning provide significant potential for redevelopment or adaptation to suit a wide range of business needs. The large lot offers ample space for expansion or outdoor operations. This is a prime opportunity to acquire a versatile commercial property in a desirable location within Allen County, Indiana. The property's previous use included a mix of retail and commercial functions. The building's layout is adaptable to various configurations, allowing for customization to meet specific business requirements. This presents a chance to establish a thriving business in a well-located and versatile property.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Construction WOOD
Total area 4,130 SF
Lot 0.64 ac (27,878 SF)
APN 02-12-26-179-001.000-074
UPID US31-0398700

Cap rate & NOI

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

Location

6203 Fairfield Ave Fort Wayne, IN 46807-3617
Fort Wayne metro Census 3600 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2012
2 recorded transactions
2012
Price N/A
2012
$188,000

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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