15514 Tonkel Road, Leo, IN 46765
Local realty services provided by:CENTURY 21 Circle
Listed by: david weigand, david weigand
Office: encore sotheby's international realty
MLS#:202611322
Source:Indiana Regional MLS
Price summary
- Price:$2,800,000
- Price per sq. ft.:$1,723.08
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....
Contact an agent
Home facts
- Year built:1917
- Listing ID #:202611322
- Added:46 day(s) ago
- Updated:May 19, 2026 at 02:59 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:5
- Kitchen Description:Dishwasher, On Main Level, Range-Electric, Refrigerator
- Basement Description:Unfinished
- Living area:1,175 sq. ft.
Heating and cooling
- Cooling:Window
- Heating:Forced Air, Gas, Multiple Heating Systems
Structure and exterior
- Year built:1917
- Building area:1,175 sq. ft.
- Lot area:11 Acres
- Lot Features:Partially Wooded
- Architectural Style:One Story
- Construction Materials:Vinyl, Wood
- Exterior Features:Near Walking Trail, Patio Open
- Levels:1 Story
Schools
- High school:Carroll
- Middle school:Maple Creek
- Elementary school:Perry Hill
Utilities
- Water:City
- Sewer:City
Finances and disclosures
- Price:$2,800,000
- Price per sq. ft.:$1,723.08
- Tax amount:$7,712
Features and amenities
- Laundry features:Dryer Hook Up Gas/Electric
- Amenities:Guest Quarters, Sump Pump
Parking
- Parking description:Carport, Off Street Parking
- Garage spaces:2
New listings near 15514 Tonkel Road
- New
$1,400,000Active50 Acres0 Hollopeter Road, Leo, IN 46765
MLS# 202618768Listed by: WIELAND REAL ESTATE - New
$1,205,000Active3 beds 3 baths3,070 sq. ft.9344 Garman Road, Leo, IN 46765
MLS# 202618608Listed by: KELLER WILLIAMS REALTY GROUP - New
$1,349,900Active4 beds 6 baths5,468 sq. ft.10479 Beaugreen Cove, Leo, IN 46765
MLS# 202617876Listed by: MIKE THOMAS ASSOC., INC
$315,000Pending3 beds 2 baths1,638 sq. ft.11619 Markham Court, Leo, IN 46765
MLS# 202617763Listed by: COLDWELL BANKER REAL ESTATE GR- New
$349,900Active3 beds 3 baths1,932 sq. ft.14805 Amstutz Road, Leo, IN 46765
MLS# 202617700Listed by: KELLER WILLIAMS REALTY GROUP
$210,000Pending1.05 Acres5755 Rolling Run Court, Leo, IN 46765
MLS# 202617688Listed by: COLDWELL BANKER REAL ESTATE GR- New
$165,000Active0.98 Acres5550 Whisper Creek Court, Leo, IN 46765
MLS# 202617680Listed by: COLDWELL BANKER REAL ESTATE GR
$298,900Pending2 beds 2 baths1,718 sq. ft.9720 Pioneer Trail, Leo, IN 46765
MLS# 202616652Listed by: CEDAR CREEK REALTY P.C.
$414,900Active3 beds 2 baths1,791 sq. ft.5329 Greyson Heights Drive, Auburn, IN 46706
MLS# 202616362Listed by: COLDWELL BANKER REAL ESTATE GR
$575,000Active5 beds 3 baths3,410 sq. ft.16206 Canyon Ridge Road, Leo, IN 46765
MLS# 202616340Listed by: WIELAND REAL ESTATE