Multi-generational Family Recreational Property or Prime investment or commercial opportunity in the highly sought-after NWAC school district on 5 acres. This unique property features a 3-plex and mobile home that can generate approximately $5,000–$6,000+/month in rental income, plus additional revenue potential from multiple indoor and outdoor storage options for boats, trailers, RVs, etc ($70–$200/month per recreational unit). Ideally located on busy transportation route Hwy 3 with high visibility, just 12 minutes from I-69 for easy access south to Fort Wayne or north to the lakes. The property includes a 2,800 sq ft bank barn, 836 sq ft pavilion, scenic pond, and picturesque wooded views with piers and decks. Surrounded by major Northwest Allen development, offering excellent commercial exposure and strong future growth potential.
Est. $2,677 per month, based on comparable rentals
Sale and tax history for 14034 Lima Rd
Sale History
Tax History
Date
Event
Price
IRMLS #202610111
Jul 15, 2026
Sold
$615,000
$134/sq ft
May 28, 2026
Pending
—
May 5, 2026
Contingent
—
Mar 26, 2026
Listed
$649,900
$142/sq ft
IRMLS #202609327
Jul 15, 2026
Sold
$615,000
$134/sq ft
May 28, 2026
Pending
—
May 5, 2026
Contingent
—
Mar 20, 2026
Listed
$649,900
$142/sq ft
+31
Prime investment or commercial opportunity in the highly sought-after NWAC school district on 5 acres. This unique property features a 3-plex and mobile home that can generate approximately $5,000–$6,000+/month in rental income, plus additional revenue potential from multiple indoor and outdoor storage options for boats, trailers, RVs, etc ($70–$200/month per recreational unit). Ideally located on busy transportation route Hwy 3 with high visibility, just 12 minutes from I-69 for easy access south to Fort Wayne or north to the lakes. The property includes a 2,800 sq ft bank barn, 836 sq ft pavilion, scenic pond, and picturesque wooded views with piers and decks. Surrounded by major Northwest Allen development, offering excellent commercial exposure and strong future growth potential.
IRMLS #202236997
Jul 19, 2023
Price Changed
$649,900
$142/sq ft
Jun 8, 2023
Price Changed
$674,900
$147/sq ft
Jan 19, 2023
Price Changed
$699,900
$153/sq ft
Sep 5, 2022
Listed
$750,000
$164/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,616
$120,000 + $331,700
$451,700
2024
$3,615 (+3.3%)
$120,000 + $293,400
$413,400
2023
$3,500 (+2.8%)
$120,000 + $263,000
$383,000
2022
$3,405 (+1.8%)
$120,000 + $257,800
$377,800
2021
$3,345 (+4.4%)
$120,000 + $226,200
$346,200
2020
$3,204 (+3.8%)
$120,000 + $200,900
$320,900
2019
$3,086 (+21.3%)
$120,000 + $179,900
$299,900
2018
$2,545 (+1.5%)
$74,000 + $184,000
$258,000
2017
$2,507 (−5.1%)
$74,000 + $172,700
$246,700
2016
$2,642 (−3.1%)
$74,000 + $172,700
$246,700
2015
$2,727 (−3.5%)
$74,000 + $163,300
$237,300
2013
$2,827
$74,000 + $136,000
$210,000
Public record
Public record
Zoning
Permits
Beds
3
Baths
2.5
Stories
2.5
Lot width
—
Lot depth
—
Lot size
5 Acres
Year renovated
1935
Sq. Ft.
3,398
Year built
1935
Style
Single Family Residential
County
Allen County
APN
020220300002000057
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 18, 2026.
A1
Agricultural District
The Agricultural district is intended to permit a wide range of agricultural activities as well as limited types of low-density residential development and other uses customarily conducted in or associated with agricultural areas, and certain additional community-oriented uses.
Permitted uses
Include but are not limited to:
Dairy
Equestrian facility
Livestock production
Housing-Group
Housing-Single unit
Recreation
Neighborhood center
Agriculture-Cropland
Housing-Mobile home park
Timberland
Jul 17, 2009 • Final
Building - residential
Repair a wall that was damaged by a vehicle.
Remodel
Jul 17, 2009 • Final
Heating - residential
Work on an air conditioning system.
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking/Garage Information
Has Garage
Has Attached Garage
# of Garage Spaces: 4
Parking Features: Garage Door Opener, Gravel, Garage, Attached