15514 Tonkel Road, Leo, IN 46765
- $2,800,000
- 3
- BD
- 1
- BA
- 1,625
- SqFt
- List Price
- $2,800,000
- Status
- ACTIVE
- MLS#
- 202611322
- Days on Market
- 115
- Style
- One Story
- Year Built
- 1917
- Days On Market
- 115
- Bedrooms
- 3
- Bathrooms
- 1
- Living Area
- 1,625
- Above grade
- 1175
- Township
- Cedar Creek
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.
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Additional Information
- Acres
- 11
- Taxes
- $7,712
- Lot Description
- Partially Wooded, Waterfront, 10-14.999
- Garage Description
- Carport
- Water
- Pond
- Heating
- Gas, Forced Air, Multiple Heating Systems
- Cooling
- Window
- Appliances
- Dishwasher, Refrigerator, Range-Electric, Sump Pump, Water Heater Gas, Gazebo
- Amenities
- Dryer Hook Up Gas/Elec, Guest Quarters, Near Walking Trail, Patio Open, Utility Sink, Sump Pump
- School District
- Northwest Allen County
- Elementary School
- Perry Hill
- Middle School
- Maple Creek
- High School
- Carroll
- Agent Name
- David Weigand
Listing courtesy of David Weigand from Encore Sotheby's International Realty. 317-660-4444
IDX information is provided by the Indiana Regional MLS and is exclusively for the 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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