Waterfront - Primary on Main
Address
15514 Tonkel Road, Leo, IN
Price
$ 2,800,000
Property Attributes
  • MLS#202611322
  • TypeSingle Family
  • Listing Status Active
  • CountyALLEN
  • CityLeo
  • AreaCedar Creek
  • Zip46765
  • StyleSite-Built Home
  • Year Built1917
  • Taxes$ 7712
  • Price$ 2,800,000
  • Bedrooms3
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1175
  • Lot Size11 Acres
Data Source:
Indiana Regional MLS (IRMLS)
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 spaceideal 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 rentalsdelivering 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 drivewaywell-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.

Elementary School Middle School High School
Perry Hill Elementary School Maple Creek Middle School Carroll High School
Price History
4/3/2026 Listed $2,800,000

General Features

Sewer City
Heating Gas,Forced Air,Multiple Heating Systems
Kitchen Level Main
Cooling Window
Laundry Y/N Main
Fireplaces Yes
Garage Carport
Amenities Dryer Hook Up Gas/Elec,Guest Quarters,Near Walking Trail,Patio Open,Utility Sink,Sump Pump
Status Active
Full Baths 1
Bathrooms 1
Year Built 1917
New Construction No
Subdivision None
Style One Story
Township Cedar Creek
Class RESIDENTIAL
Type Site-Built Home
Age 109
FIPS Code 18003
Associated Document Count 1
REO No
Status Active
Auction Y/N No
Dining Room Level N/A
Annual Taxes 7712
Upper N/A
Area Allen County
Location City/Town/Suburb
High School Carroll
City Leo
School District Northwest Allen County
Assoc. Dues Frequency Not Applicable
Total Sq Ft 1625
Elementary School Perry Hill
Middle School Maple Creek
Legal Description CC32 E 903.1 OF N 532.5 EX S 152.5 OF E 240 NW1/4 SW1/4 SEC 18
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202611322
Agent First Name David
Agent Last Name Weigand
DOM 159
Tax Year 2025

Interior Features

Basement Unfinished
Fireplace(s) 1
Kitchen Length 8
Kitchen Width 11
Beds 3
Total Rooms 5
Fireplace Family Rm
Living Room Width 12
Living Room Length 14
Full Baths Main 1
Total Finished SqFt 1175
Basement Y/N Yes
Above Grade Bedrooms 3
1st Bedroom Level Main
1st Bedroom Width 10
2nd Bedroom Length 10
2nd Bedroom Level Main
2nd Bedroom Width 12
3rd Bedroom Length 12
3rd Bedroom Level Main
3rd Bedroom Width 12
Above Grade Finished SqFt 1175
Below Grade Unfin. SqFt 450
Extra Room Level N/A
Living/Great Rm Level Main
Rec Room Level N/A

Exterior Features

Exterior Vinyl,Wood
Pool No
Waterfront Pond
Garage Length 15
Garage Width 15
Lot Size Area 479160
Lot Dimensions 900 x 532
Lot Description Partially Wooded,Waterfront,10-14.999
Garage SqFt 225
Water Features Pier/Dock
Approx. Lot Size Acres 11
Garage Capacity 2
Off Street Parking Y/N Yes
Waterfront Y/N Yes
Garage Y/N Yes
County Zoning A3

Amenities

  • Foreclosure
  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


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. IDX information is provided by the Indiana Regional MLS. Information last updated on September 11, 2026 10:42 PM UTC

Property vs Single Family Average in 46765

Price
AVG $770K
$2.8M
Taxes
AVG $3,973
$7,712
Year Built
AVG 1989
1917
Visits
AVG 95
197
Data Provided by Inside Real Estate®

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