15514 Tonkel Road, Leo, IN 46765

• 3 beds |
• 1 bath |
• 1,625 sqft

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.

Listing Status:

Active

Date Added:

April 3, 2026

Data Last Updated:

April 5, 2026 at 2:00AM

Listing Office:

Encore Sotheby's International Realty : 317-660-4444

Listing Agent:

David Weigand : 260-433-9787

MLS ID:

202611322

Interior

• Basement: Unfinished
• A/C: Window
• Heating: GasForced AirMultiple Heating Systems
• Fireplace: Family RmFireplaceFireplaces: 1

Exterior

• General: VinylWood
• Style: One Story

Location

• School District: Northwest Allen County

Lot

• Zoning: CC32 E 903.1 OF N 532.5 EX S 152.5 OF E 240 NW1/4 SW1/4 SEC 1802-03-18-301-001.000-042

Utilities

• Water: City
• Sewer: City