REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mariah Cressy

mariahcressy@cressyeverett.com +1(574) 339-4941

Listed by Encore Sotheby's International Realty

$2,800,000

Est. payment - /mo

3 Beds

1 Bath

1,175 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Site-Built Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,175 sqft

MLS Listing ID IRM202611322

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1917

Annual Tax Amount $7,712

Tax Year 2025

Lot Size 11.000 Acres

Acres 11.0

Lot Dimensions 900 x 532

Property Sub-Type Site-Built Home

Property Description

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.

Location

State IN

Rooms

Basement Unfinished

Interior

Interior Features Dryer Hook Up Gas/Elec, Guest Quarters, Near Walking Trail, Patio Open, Utility Sink, Sump Pump

Heating Gas, Forced Air, Multiple Heating Systems

Fireplaces Number 1

Fireplaces Type Family Room

Inclusions Dishwasher, Refrigerator, Range-Electric, Sump Pump, Water Heater Gas, Gazebo

Fireplace Y

Exterior

Garage Spaces 2.0

Waterfront Description Pier/Dock

View Y/N true

Building

Lot Description Part Wooded, Waterfront, 10-14.999

Story One

Sewer Public Sewer

Water City

Level or Stories One

New Construction No

Schools

Elementary Schools Perry Hill

Middle Schools Maple Creek

High Schools Carroll

School District Northwest Allen County

Others

Pets Allowed No

Tax ID 02-03-18-301-001.000-042

Acceptable Financing IRM202611322

Listing Terms IRM202611322

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202611322

Read Less Info

Nearby Locations

GET MORE INFORMATION

Mariah Cressy

+1(574) 339-4941

Broker

15514 Tonkel RD Leo, IN 46765-9767

Mariah Cressy

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION