INVESTOR BARGAINS

Located in the hip convenience of Wells Street Corridor just north of Downtown Fort Wayne, this property has huge commercial potential as the Downtown moves north and the riverfront development comes in:

• 4 minute drive to Parkview Tin Caps Field
• 3 minute drive to Fort Wayne Museum of Art
• 8 minute walk to Headwaters Park

Commercial potential and could easily be a duplex for a extra rental income. Other feature include:

• Large front porch
• Off street parking and fenced back yard
• Full basement with work area, lots of storage

“Riverfront development is boosting investment along Wells Street Corridor”

SOURCE

Property has 3 bedrooms, 1 bath, and approximately 1,422 square feet. Private off street parking in back and a partially fenced lot.

The property has a lot size of 3,375 sq. ft. and the average listing price for similar homes for sale is $78,748 and the average sales price for similar recently sold homes is $67,800. 1420 N Wells St is in the Historic Wells Street Corridor neighborhood in Fort Wayne, IN.

Property was the old North side Fort Wayne jail in 1900s. This property is zoned UC (Urban Corridor) mixed use and could be used as can be commercial, rental or residential. For more information on zoning call Fort Wayne Department of Planning, 260-449-7607 or 260.449.3618 located at Department of Planning Services 200 E Berry St – Suite 150 Fort Wayne IN 46802.

You can see all the zoning possibilities of this property for multi-family, home office, commercial and more by viewing the Department of Planning Service’s Zoning Ordinance for UC Urban Corridor.

Zoning Ordinance for Urban Corridor Permitted Uses

Download Here

NOTE: This property has been approved for a matching Fort Wayne City Facade grant. The new owner will have to re-apply for how you want to use the property: Single tenant properties are eligible to receive up to $20,000 and multi-tenant buildings are eligible up to $40,000 per grant year. The rehab grant does NOT have to be paid back. Do your own research about the terms of the Facade grant as we will not be a go-between for transparency reasons. Instead, go straight to the source, refer to the City of Fort Wayne Facade Grant Program

ALSO SEE:
Facade Grant Program news conference

Fort Wayne River Walk

New Markets Revitalization + The Landing news conference

NEXT STEPS:

If you are a cash or mortgage-approved buyer request a showing 

If seller financing is offered on this property  apply here before requesting a showing.

Real Estate Investor hard money is available here.

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