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Address: 1420 N. Wells St.
City: Fort Wayne
State: Indiana
Zip: 46808
Square Feet: 1,422
Bedrooms: 3
Bathrooms: 1
Foundation: Yes
Additional Features:
Basement, City Grant, Commercial potential, Front porch, Investment Property, Off street parking, Seller Financing
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”
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.
Heating: Central
Roof: Asphalt
County: Allen
Stories: 2 story
Parking Spaces: 2
Parking area: private
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
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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