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Property profile & analytics
OFF-MARKET Estimated value $2,890,000
Office Spaces

7221 Engle Rd Fort Wayne, IN 46804-2229

23,600 SF 2.55 ac lot Built 1991
Individually Owned 7-yr Hold ~ Est. High Equity
Property ID
US31-3329544
Property summary
AI-generated overview

Midwestern Office Park offers exceptional office space in southwest Fort Wayne, ideally situated less than a mile from Lutheran Hospital and the I-69 interchange. This two-building complex, constructed in 1990, boasts a total of 46,937 square feet across two stories, encompassing seven suites. Currently, 26,381 square feet of space is available, with minimum divisible units of 1,501 square feet and a maximum contiguous space of 11,455 square feet. The property sits on a 4.99-acre lot and is zoned C1 - Professional Office & Personal Services (Allen County APN: 02-11-24-129-008.000-038). The property features convenient front door parking on both levels, providing ample parking at a ratio of 4 spaces per 1,000 square feet. While elevators are not present, the building offers easy access and a desirable location. Tenancy is multiple, allowing for flexibility in lease terms. The full-service leases include professional and responsive management. Enjoy a beautiful setting near ponds and walking trails, with wooded areas and lake views. The location provides easy access to a variety of amenities, including retail, banking, services, hotels, and restaurants, all within close proximity. Its strategic location also places it within seven miles of Downtown Fort Wayne and the Fort Wayne International Airport. This property presents a unique opportunity for businesses seeking a high-quality, well-located office space in a desirable setting.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1991
Construction TYPE NOT SPECIFIED
Total area 23,600 SF
Lot 2.55 ac (111,078 SF)
APN 02-11-24-129-008.000-038
UPID US31-3329544
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
  • Alzheimer's Association Greater Indiana Chapter - NE Office Charitable Organization Social Service Agency
  • Deanna Sorg Physician
  • Select Staffing Employment Agency
  • Rajmane CPA Corp Accounting Firm Tax Preparation
  • Sono Bello Fort Wayne Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.72M
Comparable Approach Comparable
$2.22M
Blend (final) Blend
$2.89M
Owner & transaction history
Midwestern Office Park · 7 yrs held
Midwestern Office Park
since 2019
5 recorded transactions
2020
Price N/A
2019
Price N/A
2017
Price N/A
2008
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.2M +27.9%
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