# 15514 Tonkel Road, Leo, IN 46765-9767 > **TL;DR:** 3bd/1ba single family, $2,800,000 ($2383/sqft), built 1917, 1,175 sqft. > Fireplace, Waterfront, 2-car garage. Est. $14,975/mo. Listed 212 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,800,000 | | Price/sqft | $2383 | | Bedrooms | 3 | | Bathrooms | 1 full | | Square Feet | 1,175 | | Year Built | 1917 | | Lot Size | 479,160 sqft (11.00 acres) | | Stories | 1 | | Garage | 2-car | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 212 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $14,158 | | Estimated Insurance | $817 | | **Total** | **$14,975** | ## Nearby Schools - **Elementary:** Perry Hill - **Middle:** Maple Creek - **High:** Carroll ## Key Amenities - Fireplace - Waterfront - 2-car garage ## Property Highlights - Built in 1917 - 11.00 acre lot - Fireplace - Waterfront ## Description ### 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. ## Location - **Address:** 15514 Tonkel Road, Leo, IN 46765-9767 - **County:** Allen County - **Coordinates:** 41.228558, -85.075917 - **Google Maps:** https://www.google.com/maps?q=41.228558,-85.075917 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/irmls/202611322 ## Listing Agent - **Name:** David Weigand - **Brokerage:** Encore Sotheby's International Realty - **Broker Phone:** 3176604444 ## Photos ![15514 Tonkel Road - Photo 1](http://lh.rdcpix.com/9cccdc8029c47b254a85ca5554d1c18cl-f4130848872r.jpg) ![15514 Tonkel Road - Photo 2](http://lh.rdcpix.com/9cccdc8029c47b254a85ca5554d1c18cl-f807984232r.jpg) ![15514 Tonkel Road - Photo 3](http://lh.rdcpix.com/9cccdc8029c47b254a85ca5554d1c18cl-f2092516737r.jpg) ![15514 Tonkel Road - Photo 4](http://lh.rdcpix.com/9cccdc8029c47b254a85ca5554d1c18cl-f2798275500r.jpg) ![15514 Tonkel Road - Photo 5](http://lh.rdcpix.com/9cccdc8029c47b254a85ca5554d1c18cl-f59223950r.jpg) ![15514 Tonkel Road - Photo 6](http://lh.rdcpix.com/9cccdc8029c47b254a85ca5554d1c18cl-f3356351423r.jpg) ![15514 Tonkel Road - Photo 7](http://lh.rdcpix.com/9cccdc8029c47b254a85ca5554d1c18cl-f2036329950r.jpg) ![15514 Tonkel Road - Photo 8](http://lh.rdcpix.com/9cccdc8029c47b254a85ca5554d1c18cl-f2600792680r.jpg) ![15514 Tonkel Road - Photo 9](http://lh.rdcpix.com/9cccdc8029c47b254a85ca5554d1c18cl-f503940342r.jpg) ![15514 Tonkel Road - Photo 10](http://lh.rdcpix.com/9cccdc8029c47b254a85ca5554d1c18cl-f489325762r.jpg) --- **MLS#:** 202611322 | **Updated:** 2026-10-28 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/15514-tonkel-road-leo-in-46765-9767-b90f3d9f3b9941aabd106c9be27c799f) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/15514-tonkel-road-leo-in-46765-9767-b90f3d9f3b9941aabd106c9be27c799f#listing", "url": "https://staging.propertysimple.ai/listing/15514-tonkel-road-leo-in-46765-9767-b90f3d9f3b9941aabd106c9be27c799f", "name": "15514 Tonkel Road, Leo, IN 46765-9767", "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. 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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. 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