7405/7409 Wayne Trace Fort Wayne, IN 46816

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Ranch • 106Y Old

$789,900

7405/7409 Wayne Trace

4 Bedrooms
2 Bathrooms 1 Full, 1 Half
1824 sqft
1.78 Acre
2 Car Garage Attached 24 × 21 (504 sqft)
Property Description

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.

Directions

Heading east on I-469, Left onto Marion Center Road, then roundabout to Wayne Trace Rd. Property on right

Sale Includes

Dishwasher, Refrigerator, Washer

Map to 7405/7409 Wayne Trace, Fort Wayne, IN 46816

Property
MLS # 202606096
Date Listed 2026-02-26
Status Active
Property Type Residential
Property SubType Site-Built Home
Finished Square Feet 1824 sqft
Total Square Feet 2736 sqft
New Construction No
Style Two Story
Type Site-Built Home
Basement Yes
Bedrooms 4
Bathrooms 2 (1 Full, 1 Half)
Annual Taxes $1,800.00
Year Taxes Payable 24/25
Year Built 1920
Virtual Tour propertypanorama.com »
Days on Market 54
Additional
Design Ranch
Cooling Central Air
Heating Gas, Forced Air
Garage Attached
Room Dimensions
Living Room 15 × 15 Level
Dining Room 12 × 12 Main Level
Family Room 10 × 10 Main Level
Kitchen 14 × 15 Main Level
Master Bedroom 11 × 15 Upper Level
2nd Bedroom 12 × 13 Upper Level
3rd Bedroom 10 × 10 Upper Level
4th Bedroom 14 × 8 Upper Level
Bathroom Locations
Full Baths 1 Upper
Half Baths 1 Main
External Features
Construction Site-Built Home
Exterior Vinyl
Lot Size 77,537 sq ft
Acreage 1.78 Acre
Lot Dimensions Irregular
Sewer City
Water Well
Fence None
Location
Area Allen County
County Allen
Subdivision None
Township Adams
City Fort Wayne
State IN
Zip 46816
Schools
School District East Allen County
Elementary Southwick
Middle School Paul Harding
High School New Haven
Financial
Assoc. Dues $0.00 Not Applicable

MLS# 202606096
Listing Provided Courtesy of Jacob Wagner
Coldwell Banker Real Estate Group
Cell: 317-448-8852

Listing updated March 4, 2026 at 7:30 am
Last checked 4 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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