$2,800,000

Mixed Use Opportunity On 11 Acres And Pond

  • 3 Beds
  • 1 Baths
  • 1,175 Sqft
  • 11.0 Ac lot
  • MLS#202611322

About the Property

Unique opportunity to own two parcels totaling 11 acres in a prime location in growing Leo and northwest Fort Wayne, offering exceptional flexibility for residential, business, or investment use. The primary 10.2-acre parcel features a 1,200 sq ft, three-bedroom ranch alongside a large flex building with recently expanded office space—ideal for a home-based business, workshop, or operations hub

Unique opportunity to own two parcels totaling 11 acres in a prime location in growing Leo and northwest Fort Wayne, offering exceptional flexibility for residential, business, or investment use. The primary 10.2-acre parcel features a 1,200 sq ft, three-bedroom ranch alongside a large flex building with recently expanded office space—ideal for a home-based business, workshop, or operations hub. The main barn features all concrete floors, providing durability and versatility for a variety of uses. Three expansive pole barns offer substantial capacity for equipment, materials, or tenant use. The main building is fully linked to the middle barn (Building 3), enhancing functionality for operations and communications. The home and buildings on this parcel are currently producing rental income, with existing leases that include a tree service, communications company, residential tenant, and additional storage rentals—delivering immediate cash flow for the next owner. A well-maintained pond adds both functionality and scenic appeal. The second parcel, spanning 0.8 acres, includes its own three-bedroom ranch with a separate driveway—well-suited for multi-generational living, guest accommodations, or additional rental income. With strong potential for construction operations, specialized storage and logistics, future residential development, or even a wedding/event venue, this property offers a rare combination of location, acreage, infrastructure, and income-producing capability. This property currently houses a business conducting active operations, therefore earliest possession is July 1st. The property will be clear of all equipment in the coming months.

  • Property type

    House

  • Price/sqft

    $2,382

Features

  • Garage
  • Water View
  • Parking

Explore the Area

15514 Tonkel Road, Leo, IN 46765, Leo-Cedarville, Indiana, United States View on Google Maps
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David Weigand

Joined 8 years ago
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David Weigand
Indiana, United States
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2019
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Encore Sotheby's International Realty
Encore Sotheby's International Realty
1690 Broadway Street Building 19, Suite 10, 46802, Fort Wayne, Indiana, United States
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Located within the Electric Works district in Fort Wayne, this office serves
clients throughout northeast India
Located within the Electric Works district in Fort Wayne, this office serves
clients throughout northeast Indiana and surrounding communities. Electric Works
is a nationally recognized redevelopment project blending historic architecture
with innovation spaces, dining, coworking, and community gathering areas —
reflecting the city’s forward momentum and revitalized energy.

Location highlights include a revitalized downtown and riverfront, a growing
innovation and entrepreneurship ecosystem, vibrant arts and cultural
attractions, and family-friendly neighborhoods with exceptional affordability.

Advisors affiliated with this office assist clients throughout the communities
we serve. In addition, advisors based in other locations may also serve this
area to ensure the best fit for each client.
Last updated
April 3
First listed
Apr 3
Listing reference
TGS8PX
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