111 W Wayne St - Apartments CONDO FOR SALE


Fort Wayne, IN 46802- Downtown Fort Wayne
$1,375,000 USD
260-704-3283
111 W Wayne St, Fort Wayne, IN for Sale
$1,375,000 USD
Apartments CONDO - FOR SALE
1/20
null | 8.61% Cap Rate

111 W Wayne St
Fort Wayne, IN 46802
Downtown Fort Wayne


HIGHLIGHTS

  • 100% Occupied Multi-Tenant Investment – Fully leased to three established tenants representing food service, healthcare, and education.
  • Prime Downtown Fort Wayne Location – Highly visible location near major employers, residential developments, shopping, and other downtown amenities.
  • Stable and Diverse Tenant Mix – Complementary businesses across multiple industries help support consistent occupancy.

OVERVIEW

Excellent opportunity to acquire a 100% leased, multi-tenant investment property in the heart of Downtown Fort Wayne. Located at the highly visible intersection of Wayne and Calhoun Streets within Midtowne Crossing, this 9,505 SF street-level retail/office condominium is occupied by three complementary tenants: Jimmy John’s, UJIMA Therapeutic Services, and Wild Roots Nature Based Learning. The diversified tenant mix, long-term lease structure, and scheduled rental increases provide stable cash flow with built-in income growth. Offered at $1,375,000 ($144.66/SF), the property has a projected 5-year average NOI of $118,333 and average cap rate of 8.61%. Tenants benefit from a prime downtown location within walking distance of restaurants, entertainment, financial, legal, and governmental offices, along with convenient access to nearby parking and Midtowne Crossing amenities including controlled access, a fitness center, and outdoor patio areas. This offering provides investors an opportunity to acquire a fully occupied, income-producing asset in one of Fort Wayne’s most active downtown corridors. FOR MORE INFORMATION ON THIS, AND ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bnd.net/listings.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

8.61%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midtowne Investment - 111 W. Main Street

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

9,505 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

DC

APN/PARCEL ID

02-12-02-458-001.000-074

ASK ABOUT THIS PROPERTY

David NugentBND Commercial Real EstateMore Info
260-704-3283

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David NugentBND Commercial Real EstateMore Info
260-704-3283

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.