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    OFF-MARKET
    Retail space

    9116 Lima Rd, Fort Wayne, IN 46818-1804

    1,884 SF 10.76 ac lot Built 1989
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US31-3405608
    Property summary
    AI-generated overview

    This exceptional 2.65-acre commercial land parcel presents a unique investment opportunity in Fort Wayne, Indiana. Located at 9116 Lima Rd, Allen County, this fee-simple property boasts 350 feet of frontage on Lima Road, a major thoroughfare connecting I-69 to Huntertown. The site benefits from high visibility and easy access to I-69, experiencing a daily traffic volume of 36,000 vehicles. Zoned C3, this land is ideal for a variety of commercial uses, including retail, B2B, and industrial developments. The property will be delivered with a new entrance, city water tap, and off-site detention, simplifying the development process. The asking price is $1,600,000. Given its strategic location, high traffic count, and convenient access to major transportation routes, this property represents a compelling investment opportunity for discerning buyers seeking a prime commercial location in a thriving area. The property's existing infrastructure improvements, including the new entrance, water tap, and off-site detention, further enhance its value and appeal. This is a rare chance to acquire a significant commercial land parcel in a high-demand area of Fort Wayne. The zip code is 46818.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1989
    Construction WOOD
    Total area 1,884 SF
    Lot 10.76 ac (468,706 SF)
    APN 02-07-03-451-001.000-073
    UPID US31-3405608
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Jrm Backnine LLC · 2 yrs held
    Jrm Backnine LLC
    since 2024
    4 recorded transactions
    2024
    2011
    2008
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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