$700,000

Estimated payment $4,509/month

Total Views 904
2.53 Acres
$276,680 Price per Acre
110,207 Sq Ft Lot

About This Lot

Outstanding development opportunity on Illinois Road in Bridgewater Commercial Center! This 2.53-acre parcel is zoned NC – Neighborhood Center, offering one of the most flexible commercial classifications in Allen County. The NC district is designed to accommodate a wide range of neighborhood-serving uses including restaurants (with drive-throughs), retail shops, offices, medical facilities, fitness centers, professional services, daycare, and even mixed-use residential components above commercial space. Located in one of Fort Wayne’s fastest-growing and most affluent corridors, the site benefits from 14,000–17,000+ vehicles per day along Illinois Rd/SR 14, surrounded by high-income neighborhoods such as Sycamore Hills, Bridgewater, and Chestnut Hills golf communities. Nearby commercial development, schools, and shopping centers drive consistent consumer demand. With flexible zoning, strong demographics, and prime frontage, this property is ideally positioned for office, medical, retail, or service-oriented development. Comparable parcels in the corridor have commanded $960,000–$1.5M for 9–10 acres, highlighting the strength of this submarket.

Listing Agent

Heather Regan

Regan & Ferguson Group Brokerage Phone: 260-207-4648 Listed on: 08/29/2025

Co-Listing Agent

Leslie Ferguson

Regan & Ferguson Group Brokerage Phone: 260-207-4648

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,021

Lot Details

  • 2.53 Acre Lot
  • Lot Dimensions are 396x272x213x294
  • Property fronts a county road
  • Finished Lot(s)

HOA Fees

  • $117 Monthly HOA Fees

Parking

  • Driveway

Location

  • City Lot

Schools

  • Covington Elementary School
  • Woodside Middle School
  • Homestead High School

Community Details

  • The community has rules related to covenants, conditions, and restrictions, zoning restrictions

Listing and Financial Details

  • Assessor Parcel Number 02-11-07-200-005.001-038

Property Details

Property Type

Land

Est. Annual Taxes

$7,021

Lot Details

0

HOA Fees

$117 per month

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Commercial Land
  • Legal Description: 2.531 ac tr 244 ft W & 115 ft S of NE Cor Frl Sec 7 S of Till Rd.
  • Parcel Number ID: 02-11-07-200-005.001-038
  • Platted: Yes
  • Location: City, Near Walking Trail
  • Road Access: County
  • Road Surface: Concrete
  • Section Number: 7
  • Parcel Description: Level, Undeveloped
  • Restrictions: Zoning Restrictions, Covenants
  • Options: Sell Entirely
  • Platted Development: Yes
  • Type Use: Commercial, Office
  • Year Taxes Payable: 2025
  • Special Features: None

Exterior Features

  • Road Frontage: County

Utilities

  • Water Utilities: City
  • Sewer Type: Public

Condo/Co-op/Association

  • Association Fees: 1400
  • Association Fees Frequency: Annually

Schools

  • School District: MSD of Southwest Allen Cnty
  • Elementary School: Covington
  • Middle School: Woodside
  • High School: Homestead
  • Elementary School: Covington

Lot Info

  • Lot Dimensions: 396x272x213x294
  • Estimated Lot Sq Ft: 110250
  • Estimated Lot Size Acres: 2.53

Tax Info

  • Annual Taxes: 7021.22

MLS Schools

  • High School: Homestead
  • Middle School: Woodside
  • School District: MSD of Southwest Allen Cnty

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 For Sale $700,000 -- --
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202534751

Indiana Regional MLS