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Property profile & analytics
OFF-MARKET
Commercial real estate

9700 Coverdale Rd Fort Wayne, IN 46809

57.06 ac lot
Entity Owned 1-yr Hold
Property ID
US31-0378678
Property summary
AI-generated overview

This exceptional ±57.06-acre parcel of commercial and industrial land presents a compelling investment opportunity in Fort Wayne, Indiana. Strategically located near the Fort Wayne airport, this property boasts convenient access to major interstate highways, ensuring seamless transportation and logistics. Utilities are readily available at or near the site, simplifying development plans. The land is situated within a rapidly expanding industrial corridor, promising significant future development potential. Its size and prime location make it particularly attractive for large-scale projects. The asking price of $1,141,200 is highly competitive and presents a strong value proposition, especially for investors seeking a 1031 exchange opportunity. The seller is motivated, making this a timely investment with considerable upside potential. The property's address is 9700 Coverdale Rd, Fort Wayne, IN 46809, in Allen County. This is a rare chance to acquire a substantial land holding in a thriving area with excellent infrastructure and growth prospects. Don't miss this chance to secure a significant piece of Fort Wayne's burgeoning industrial landscape.

Property profile
Verified
Property type Commercial real estate
Lot 57.06 ac (2,485,534 SF)
UPID US31-0378678
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
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Owner & transaction history
Mounsey Family Farms LLC · 1 yrs held
Mounsey Family Farms LLC
since 2025
1 recorded transaction
2025
$585,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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