$789,900

7405 Wayne Trace Fort Wayne, IN 46816

Estimated payment $4,259/month

Total Views 3,149
4 Beds
1.5 Baths
1,824 Sq Ft
$433 Price per Sq Ft

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

Jacob Wagner

Coldwell Banker Real Estate Group Brokerage Phone: 317-448-8852 Listed on: 02/26/2026

Coldwell Banker Real Estate Group

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,800

Year Built

Built in 1920

Lot Details

1.78 Acres

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1920
  • Style: Two Story
  • Architectural Style: Ranch
  • Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 1
  • Total Number of Half Bathrooms: 1
  • Legal Description: 2-33-1-013 1.27A N PT N1/2 N1/2 NW1/4 E OF ROAD SEC 33
  • Parcel Number ID: 02-13-33-102-001.000-039
  • Platted: Yes
  • Improvmnts In Last5 Yrs: Yes
  • Parcel Id2: 02-13-33-126-001.000-039
  • Road Surface: Asphalt
  • County Zoning: C2
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 2736
  • Total Finished Sq Ft: 1824
  • Above Grade Finished Sq Ft: 1824
  • Below Grade Sq Ft: 912
  • Basement: Yes
  • Basement Foundation: Full Basement, Outside Entrance
  • Basement Material: Brick
  • Living Great Room: Dimensions: 15x15
  • Kitchen: Dimensions: 14x15, On Level: Main
  • Dining Room: Dimensions: 12x12, On Level: Main
  • Family Room: Dimensions: 10x10, On Level: Main
  • Bedroom 1: Dimensions: 11x15, On Level: Upper
  • Bedroom 2: Dimensions: 12x13, On Level: Upper
  • Bedroom 3: Dimensions: 10x10, On Level: Upper
  • Bedroom 4: Dimensions: 14x8, On Level: Upper
  • Main Level Sq Ft: 912
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 912

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 21x24
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: Well
  • Well Type: Private

Schools

  • Elementary School: Southwick

Lot Info

  • Lot Description: Corner, 0-2.9999
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 77537
  • Estimated Lot Size Acres: 1.78

Tax Info

  • Annual Taxes: 1800

MLS Schools

  • High School: New Haven
  • Middle School: Paul Harding
  • School District: East Allen County

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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

Source: Indiana Regional MLS

MLS Number: 202606096

Indiana Regional MLS
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