15514 Tonkel Road, Leo, Indiana, 46765-9767
1,625 Sqft
11.00 Acres
3 bd
1 ba
#202611322
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.
PROPERTY FEATURES
- Laundry Level : Main
- Total Rooms : 5
- Above Grade Bedrooms : 3
- Living/Great Room Level : Main
- Kitchen Level : Main
- 1st Bedroom Level : Main
- 2nd Bedroom Level : Main
- 3rd Bedroom Level : Main
- Water Utility : City
- Sewer : City
- Garage Type : Carport
- Lot Description : Partially Wooded,Waterfront,10-14.999
- Location : City/Town/Suburb
- Water Features : Pier/Dock
- Exterior : Vinyl,Wood
- Waterfront Property : Yes
- Waterfront Type : Pond
- Outbuilding 1 : Outbuilding
- Outbuilding 2 : Pole/Post Building
- Outbuilding 1 Area : 5900 S.F
- Outbuilding 2 Area : 6120 S.F
- Garage on Property : Yes
- Style : One Story
- Below Grade Unfinished Area : 450 S.F
- Heating/Fuel : Gas,Forced Air,Multiple Heating Systems
- Basement/Foundation : Unfinished
- Fireplace : Family Rm
- Amenities : Dryer Hook Up Gas/Elec,Guest Quarters,Near Walking Trail,Patio Open,Utility Sink,Sump Pump
- Number of Fireplaces : 1
PROPERTY DETAILS
ID: 202611322
Status: Active
Price: $2,800,000
Acres: 11.00 Acres
Price Per Acre: $254,545
Type: Single Family / Detached
Address: 15514 Tonkel Road
City, State: Leo, Indiana
Zip Code: 46765-9767
Lat/Long: 41.228558, -85.075917
Presented By: David Weigand
Phone: 260-433-9787
Email: Click to Contact
Phone: 260-433-9787
Email: Click to Contact
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