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1643 N Wells St 6,608 SF 100% Leased Retail Building Fort Wayne, IN 46808 $475,000 ($71.88/SF)
INVESTMENT HIGHLIGHTS
- Façade grant
- Ground floor fully leased
- Floor covering allowance available
- Available for lease or sale
- High ceilings
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,608 SF
Building Class
C
Year Built
1900
Price
$475,000
Price Per SF
$71.88
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.52
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
UC - Urban Core
Frontage
57’ on Wells
AMENITIES
- Air Conditioning
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-07-35-383-021.000-074 | Improvements Assessment | $220,800 |
| Land Assessment | $8,800 | Total Assessment | $229,600 |
PROPERTY TAXES
Parcel Number
02-07-35-383-021.000-074
Land Assessment
$8,800
Improvements Assessment
$220,800
Total Assessment
$229,600
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1643 N Wells St
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