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Courtesy of Encore Sotheby's International Realty, David Weigand, 260-433-9787
3 Beds
1 Bath
1,175 sqft

$2,800,000

15514 Tonkel Road, Leo IN, 46765-9767

Price per sqft$2,382.98
Built in1917
Property size1,175 sqft
Property typeResidential

Overview

Active

Updated 2 weeks ago

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.

$18,628/mo

Est. mortgage payment based on a $2,800,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202611322

Interior Features

Bedrooms
3
Bathrooms
1
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
11 Acres

Other Property Details

Taxes
$7,712
Tax Frequency
Annually
Garage
Yes
Waterfront
Yes
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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Data last updated 3:41 AM UTC, 9/24/2026

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