1643 N Wells St - Storefront Retail/Residential FOR SALE


Fort Wayne, IN 46808- Bloomingdale
$475,000 USD
260-424-8448
1643 N Wells St, Fort Wayne, IN for Sale
$475,000 USD
Storefront Retail/Residential - FOR SALE
1/3
null | Request Cap Rate

1643 N Wells St
Fort Wayne, IN 46808
Bloomingdale


HIGHLIGHTS

  • Façade grant
  • Available for lease or sale
  • Ground floor fully leased
  • High ceilings
  • Floor covering allowance available

OVERVIEW

Located in the heart of the highly sought-after Wells Street Corridor, this newly-renovated multi-use building presents a compelling investment opportunity. The ground floor, spanning addresses 1643- 1645, is fully leased to a photography studio and an espresso machine repair. On the second floor, 1641 Wells Street offers a spacious 2,087 SF apartment in dark shell condition, providing a blank canvas for custom residential or office build-out. Heating is supplied by a boiler system, with cooling via a window AC unit. The Wells Street Corridor is a vibrant area known for its good mix of local businesses, residential spaces, and industrial zones. Close to downtown, it boasts a diverse demographic and serves as a hub for many small businesses, art galleries, and eateries. The area is easily accessible with traffic counts of over 15,000 vehicles per day, and it’s near the University of Saint Francis and Fort Wayne Children’s Zoo. The corridor continues to see immense growth, making it an essential part of Fort Wayne’s economic and cultural landscape. The available property is just outside the boundary of the recently announced North River Development, a $500 million project featuring the North River Fieldhouse.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

UC

APN/PARCEL ID

02-07-35-383-021.000-074

ASK ABOUT THIS PROPERTY

Neal BowmanSturges Property GroupMore Info
260-424-8448

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Neal BowmanSturges Property GroupMore Info
260-424-8448

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