9930 Illinois Rd
Fort Wayne, IN 46804
Shorewood Shops · Retail Property For Sale

Shorewood Shops is a multi-tenant neighborhood shopping center in Fort Wayne, Indiana. The building was completed for occupancy in 2007 and has received extensive renovations to tenant spaces and building since 2020. The property is conveniently located on Illinois Road/SR 14, the major east-west corridor through the southwest portion of Fort Wayne, just west of I-69. The property is easily accessible via multiple access points to Illinois Road and a secondary access point to Scott Road. This property offers an owner/investor stable cash flow in a highly desirable retail submarket. Income demographics are some of the highest in the state with an average household income of $121,678. Retail vacancy rates within the submarket have historically been much lower than other similar submarkets within the region. The area is experiencing tremendous growth with several new retail, medical, and residential developments within close proximity. Shorewood Shops has a diverse tenant mix, which includes national retailers Verizon Wireless, F45 Training, and Great Clips. Medical users include Priority Endodontics, TMJ & Sleep Therapy, and Focus Eyecare. Tenants also include a mix of other local retailers and restaurants. The leases are landlord-friendly and all suites are professionally managed. All tenants reimburse CAM, real estate taxes, and insurance. Recent improvements to the building include new HVAC rooftop units and new sidewalks. Nearby retailers include Kroger, Starbucks, CVS, Walgreens, Pizza Hut, Burger King, and Do It Best. The property is located in one of the highest income areas in the state of Indiana, with an average household income of $121,678. Less than a mile to the north, multiple subdivisions are being developed which will add additional homes to an already robust poulation density. To sign a confidentiality agreement and view detailed financial information on Shorewood Shops, please contact Neal Bowman, Philip Hagee, or Ian Smith.