7405 Wayne Trace Fort Wayne, IN 46816
Estimated payment $4,259/month
Highlights
- 1.78 Acre Lot
- 2-Story Property
- 2 Car Attached Garage
- East Allen University Rated A
- Corner Lot
- Forced Air Heating and Cooling System
About This Home
Unique opportunity to acquire a 1.27-acre C2 zoned property featuring both a 2,947 SF restaurant/bar and a 2,736 SF, 4-bedroom residential home, all positioned at 7405/7409 Wayne Trace in Fort Wayne, Indiana. The commercial building operates as an income-producing bar/restaurant, while the residential home offers additional rental income owner-occupant flexibility, or Multifamily redevelopment. The home has received recent updates including renovated kitchen and bathrooms, and both the house and bar feature new roofs, reducing near-term capital expenses. Strategically located next to the new Google Data Center, this property is ideally positioned to benefit from continued area growth, increased employment density, and long-term appreciation. Zoned C2, the site allows for a wide range of commercial uses, offering investors future redevelopment potential or owner/users the ability to operate their business while generating supplemental income from the residence. This is a rare mixed-use opportunity combining stable income, with some updates already completed/ room for value add, and strong upside potential in a rapidly expanding corridor.
Listing Agent
Coldwell Banker Real Estate Group Brokerage Phone: 317-448-8852 Listed on: 02/26/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,800
Year Built
- Built in 1920
Lot Details
- 1.78 Acre Lot
- Corner Lot
- Property is zoned C2
Parking
- 2 Car Attached Garage
- Driveway
Home Design
- 2-Story Property
- Brick Foundation
- Vinyl Construction Material
Bedrooms and Bathrooms
- 4 Bedrooms
Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Schools
- Southwick Elementary School
- Paul Harding Middle School
- New Haven High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Private Company Owned Well
- Well
Listing and Financial Details
- Assessor Parcel Number 02-13-33-102-001.000-039
- Seller Concessions Offered
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,865 | $201,600 | $31,700 | $169,900 |
| 2024 | $1,615 | $177,600 | $31,700 | $145,900 |
| 2022 | $1,580 | $164,000 | $31,700 | $132,300 |
| 2021 | $1,608 | $151,700 | $31,700 | $120,000 |
| 2020 | $1,535 | $151,700 | $31,700 | $120,000 |
| 2019 | $1,567 | $151,700 | $31,700 | $120,000 |
| 2018 | $1,819 | $158,800 | $31,700 | $127,100 |
| 2017 | $1,844 | $156,400 | $34,400 | $122,000 |
| 2016 | $1,870 | $157,000 | $34,400 | $122,600 |
| 2014 | $1,790 | $153,500 | $34,400 | $119,100 |
| 2013 | $1,839 | $154,800 | $34,400 | $120,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/26/2026 02/26/26 | For Sale | $789,900 | -- | $433 / Sq Ft |
Source: Indiana Regional MLS
MLS Number: 202606096
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Ask me questions while you tour the home.