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Turnkey Dental Office | Retail Corridor 2828 E State Blvd 6,034 SF Vacant Office Building Online Auction Sale Fort Wayne, IN 46805
Matterport 3D Tour
Investment Highlights
- Ideal opportunity for investors and owner/users to purchase a vacant former dental office positioned in Fort Wayne, Indiana.
- Less than 1 mile to Parkview Hospital Randallia and VA Northern Indiana Health Care System, two major medical centers in the area.
- Positioned just 3 miles northeast of Downtown Fort Wayne with connectivity to major regional connector Route 27.
- Prominently placed along E State Boulevard, a major thoroughfare that sees substantial traffic of over 20,000 vehicles per day.
- Perched on a major retail corridor near prominent retailers CVS, Shell, Subway, Arby’s, Advance Auto Parts, and several others.
Executive Summary
NAI Columbia is pleased to present 2828 E State Boulevard in Fort Wayne, Indiana, an opportunity for an owner/occupied or value-add investor.
This 6,034-square-foot vacant medical office building comprises a single story and provides buyers with a functional floor plan adaptable to many uses. Originally constructed in 1965 and well-maintained over the years, the asset presents a seamless transition for new ownership. The building features a brick façade with monument signage, offering a low-maintenance exterior suitable for business branding and visibility to consumers. Formerly operated as a dental office, the property includes waiting areas, private examination rooms, and office spaces. Its versatile layout enables customization to meet the requirements of prospective owners. Investors may lease the space to multiple tenants to maximize net operating income, while owner/users are able to tailor the premises to their specific operational needs.
Situated in Fort Wayne, this property presents an ideal opportunity for buyers seeking their next investment. The site is located within one block of Parkview Hospital Randallia and the VA Northern Indiana Health Care System, offering significant medical synergy for the surrounding area. Proximity to Route 27 ensures convenient regional access. Positioned northeast of Downtown Fort Wayne, the property benefits from its strategic location. Additionally, it is a short distance from major retailers, including Lowe’s, Dollar Tree, Walgreens, Taco Bell, and others, which contribute to consistent consumer traffic.
The Fort Wayne market presents excellent opportunities for businesses and investors. Located in Indiana, Fort Wayne boasts a low business overhead, convenient Midwest placement that offers easy access to major markets, and a thriving, affordable, and welcoming atmosphere for enterprises. The city features attractive tax incentives, a varied and skilled labor pool, and has seen over $1 billion invested in its downtown area since 2009, cementing its status as a leading destination for both businesses and talent. Major employers in the area include healthcare, manufacturing, and education, with notable institutions like Parkview Health Systems, Lutheran Health Network, General Motors, and Fort Wayne Community Schools taking the lead.
Property tours are available by appointment only. Please contact the listing broker to schedule.
This 6,034-square-foot vacant medical office building comprises a single story and provides buyers with a functional floor plan adaptable to many uses. Originally constructed in 1965 and well-maintained over the years, the asset presents a seamless transition for new ownership. The building features a brick façade with monument signage, offering a low-maintenance exterior suitable for business branding and visibility to consumers. Formerly operated as a dental office, the property includes waiting areas, private examination rooms, and office spaces. Its versatile layout enables customization to meet the requirements of prospective owners. Investors may lease the space to multiple tenants to maximize net operating income, while owner/users are able to tailor the premises to their specific operational needs.
Situated in Fort Wayne, this property presents an ideal opportunity for buyers seeking their next investment. The site is located within one block of Parkview Hospital Randallia and the VA Northern Indiana Health Care System, offering significant medical synergy for the surrounding area. Proximity to Route 27 ensures convenient regional access. Positioned northeast of Downtown Fort Wayne, the property benefits from its strategic location. Additionally, it is a short distance from major retailers, including Lowe’s, Dollar Tree, Walgreens, Taco Bell, and others, which contribute to consistent consumer traffic.
The Fort Wayne market presents excellent opportunities for businesses and investors. Located in Indiana, Fort Wayne boasts a low business overhead, convenient Midwest placement that offers easy access to major markets, and a thriving, affordable, and welcoming atmosphere for enterprises. The city features attractive tax incentives, a varied and skilled labor pool, and has seen over $1 billion invested in its downtown area since 2009, cementing its status as a leading destination for both businesses and talent. Major employers in the area include healthcare, manufacturing, and education, with notable institutions like Parkview Health Systems, Lutheran Health Network, General Motors, and Fort Wayne Community Schools taking the lead.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Purchase Agreement
- Operating and Financial Statements
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
6,034 SF
Building Class
C
Year Built/Renovated
1965/1977
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,034 SF
Building FAR
0.26
Lot Size
0.53 AC
Parcel Number
02-08-31-426-002.000-072
Parking
26 Spaces (5.38 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Partitioned Offices
- Air Conditioning
Walk Score®
Very Walkable (76)
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
10,896
88,174
202,173
2020 Population
10,843
84,021
194,786
2029 Population
11,312
92,213
211,061
2024-2029 Projected Population Growth
3.8%
4.6%
4.4%
Daytime Employees
13,859
70,246
117,413
Total Businesses
1,783
6,787
10,497
Average Household Income
$66,392
$61,849
$64,725
Median Household Income
$50,842
$47,443
$51,894
Total Consumer Spending
$117.5M
$891.8M
$2.1B
Median Age
37.2
34.3
34.8
2024 Households
4,662
36,921
81,509
Percent College Degree or Above
14%
15%
15%
Average Home Value
$154,778
$150,975
$156,443
$ values in USD
Sale Advisors
Sale Advisors
Patrick Palmer, Director of Retail Services | Principal
Patrick Palmer is a Principal and Broker with NAI Columbia and has extensive experience across the southeast in brokerage and development. Palmer’s primary focus is retail and general commercial. Before joining NAI Columbia, Palmer served as President and Broker in Charge of IAP Company, a family-owned real estate enterprise that has developed real estate for over 50 years in Columbia. Palmer has been a member of ICSC since 2000, and in 2006, he obtained the prestigious CCIM (Certified Commercial Investment Member) award and subsequently served on several national committees and now has a seat on CCIM’s National Board of Directors.
From 2003 to 2014, Palmer served on the Richland County Planning Commission where he chaired the commission for six of those years. In 2022, Palmer transacted over 37 million dollars in CRE sales and leases and has been named the Retail Leasing Power Broker of the Year and Quarter multiple times, most recently in 2022. Over the past 23 years, Patrick’s real estate experience included: landlord/tenant representation; site selection; land acquisition; disposition and development; buyer/seller representation; investment sales; and zoning and permitting processing.
From 2003 to 2014, Palmer served on the Richland County Planning Commission where he chaired the commission for six of those years. In 2022, Palmer transacted over 37 million dollars in CRE sales and leases and has been named the Retail Leasing Power Broker of the Year and Quarter multiple times, most recently in 2022. Over the past 23 years, Patrick’s real estate experience included: landlord/tenant representation; site selection; land acquisition; disposition and development; buyer/seller representation; investment sales; and zoning and permitting processing.
Bobby Balboni, CCIM, Broker
Bobby joined NAI as a brokerage associate in June 2019 after interning with the firm during his junior and senior year at the University of South Carolina. Bobby works alongside Patrick Palmer, Principal and Director of Retail Services. Their team’s focus is on retail and general commercial properties in the Midlands. Bobby specializes in landlord, seller and tenant representation. Bobby graduated Summa Cum Laude from the University of South Carolina in May of 2019, where he studied Finance and Real Estate. During his undergrad years Bobby tutored peers in finance and accounting courses, served as the Sports Editor for The Daily Gamecock, and was a member of the Carolina Finance & Investment Association. Before moving to Columbia, Bobby grew up on Buzzards Bay in southeastern Massachusetts.
Sam Edens, Brokerage Associate
Born and raised in Columbia, South Carolina, Sam enjoys outdoor activities such as golfing and hunting. He joined NAI Columbia in July of 2024 upon graduating with a major in Retail Management, at the University of South Carolina. After interning with Patrick Palmer and Bobby Balboni for half a year, he has officially joined as a member of the team, leveraging their diverse range of experience to cater to their clients’ needs across the Midlands.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr RC51500217 Online Auction
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Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Turnkey Dental Office | Retail Corridor | 2828 E State Blvd
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Turnkey Dental Office | Retail Corridor | 2828 E State Blvd
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