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About This Home

This 3-bedroom, 1-bathroom single family at 15514 Tonkel Road in Leo, IN is listed for $2,800,000 ($2,383 per sqft). Built in 1917, the home offers 1,175 sqft of living space on a 11.00 acres lot.

Agent 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.

Key Features

  • Built in 1917
  • 11.00 acre lot
  • Fireplace

Property Details

1 story
1 full
1917

Amenities

FireplaceBasement

Monthly Cost Estimate

$14,975/mo

20% down · 6.5% · 30 years

Principal$2,025
Interest$12,133
Insurance$817

Estimates only. Actual payments may vary.

Location

15514 Tonkel Road

Leo, IN 46765-9767

None

Features & Amenities

Interior Features

Dryer Hook Up Gas/ElecGuest QuartersNear Walking TrailPatio OpenUtility SinkSump PumpDishwasherRefrigeratorSump PumpWater Heater GasGazebo

Exterior Features

Pier/DockOutbuildingPole/Post Building

Property Details

Parking

Carport

Heating

Fireplace(s)Forced AirNatural Gas

Appliances

RangeRange - Electric

Questions & Answers

This 3-bedroom, 1-bathroom single family at 15514 Tonkel Road is listed at $2,800,000 ($2,383/sqft). The estimated monthly payment is $12,133 based on 20% down at 6.5% interest.

Key features include: Built in 1917, 11.00 acre lot, Fireplace. Interior Features: Dryer Hook Up Gas/Elec, Guest Quarters, Near Walking Trail. Exterior Features: Pier/Dock, Outbuilding, Pole/Post Building.

This property is listed by David Weigand and can be reached at 2604339787 or david.weigand@encoresir.com.

DW

David Weigand

Agent at Encore Sotheby's International Realty

(260) 433-9787

Listed by Encore Sotheby's International Realty · View on Broker Site

MLS# 202611322· Source: listhub· Updated 7 days ago

Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

15514 Tonkel Road, Leo, IN 46765-9767

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