Listing courtesy of Encore Sotheby's International Realty · Listing agent: David Weigand
15514 Tonkel Road
Leo, IN 46765-9767
- Waterfront
- 11 acres
- 2-car garage
- Fireplace
- Basement
- Bedrooms
- 3
- Bathrooms
- 1
- Living area
- 1,175 sq ft
- Lot
- 11 ac
- Year built
- 1917
- Type
- Site-Built Home
- Listed
- April 3, 2026
- MLS #
- 202611322
About this home
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.
Monthly payment estimate
$16,786/mo
- Principal & interest
- $15,326
- Property taxes
- $643
- Homeowners insurance
- $817
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2025 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- One
- Total rooms
- 5
- Total area
- 1,625 sq ft
- Finished area above grade
- 1,175 sq ft
- Unfinished area below grade
- 450 sq ft
- Below grade total
- 450 sq ft
- Bedrooms above grade
- 3
- Full baths, main level
- 1
- Basement
- Sump Pump, Unfinished
- Heating
- Natural Gas, Forced Air, Multiple Heating Systems
- Cooling
- Window Unit(s)
- Fireplaces
- 1
- Fireplace features
- Family Room
- Laundry
- Main Level
- Interior features
- Guest Quarters, Near Walking Trail, Utility Sink
Exterior & parking
- Construction
- Vinyl Siding, Wood Siding
- Garage spaces
- 2
- Garage type
- Carport
- Garage sq ft
- 225 sq ft
- Private pool
- No
- Other structures
- Outbuilding
- Other structures (2)
- Pole/Post Building
- Outbuilding 1
- 5,900 sq ft
- Outbuilding 2
- 6,120 sq ft
- New construction
- No
Waterfront & lake
- Waterfront
- Yes
- Waterfront features
- Pier/Dock
- Water feature
- Pond
Lot
- Lot features
- Part Wooded, Waterfront, 10-14.999
- Lot size (acres)
- 11 ac
- Lot dimensions
- 900 x 532
- Location type
- City/Town/Suburb
- County
- Allen County
- Township
- Cedar Creek
- Lots
- 0
- Platted
- Yes
- Planned unit development
- No
- Directions
- Tonkel Road N, just past Hosler Road.
Schools
- Elementary school
- Perry Hill
- Middle school
- Maple Creek
- High school
- Carroll
- School district
- Northwest Allen County
Taxes & terms
- Annual taxes
- $7,712
- Tax year
- 2025
- Possession
- nego
- Parcel number
- 02-03-18-301-001.000-042
Included in the sale
- Included in sale
- Dishwasher,Refrigerator,Range-Electric,Sump Pump,Water Heater Gas,Gazebo
Utilities
- Water
- City
- Sewer
- Public Sewer
Rooms
| Room | Level | Dimensions |
|---|---|---|
| Living Room | Main | 14 × 12 ft |
| Kitchen | Main | 8 × 11 ft |
| Bedroom 1 | Main | 8 × 10 ft |
| Bedroom 2 | Main | 10 × 12 ft |
| Bedroom 3 | Main | 12 × 12 ft |
| Laundry | Main | — |
Location

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