Peri Mason

15514 Tonkel Road

Leo, IN
$ 2,800,000 Beds 3 Baths 1 Sq 1,175 Virtual Tour
Monthly Estimate* How much can I afford?

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 spaceideal 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 rentalsdelivering 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 drivewaywell-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.

Single Family

  • Price
  • $ 2,800,000
  • City
  • Leo
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • ALLEN
  • Half Bathrooms
  • 0
  • Area
  • Cedar Creek
  • Lot Size
  • 11 Acres
  • Zip
  • 46765
  • Sqr Footage
  • 1,175
  • Year Built
  • 1917
  • Taxes
  • $ 7712
  • Style
  • Site-Built Home
  • MLS#
  • 202611322
Listed By: David Weigand with Encore Sotheby's International Realty;
Data Source: Indiana Regional MLS (IRMLS)

Features

General

Sewer City
Heating Gas,Forced Air,Multiple Heating Systems
Kitchen Level Main
Cooling Window
Laundry Y/N Main
Fireplaces Yes
Garage Carport
Amenities Dryer Hook Up Gas/Elec,Guest Quarters,Near Walking Trail,Patio Open,Utility Sink,Sump Pump
Status Active
Full Baths 1
Bathrooms 1
Year Built 1917
New Construction No
Subdivision None
Style One Story
Township Cedar Creek
Class RESIDENTIAL
Type Site-Built Home
Age 109
FIPS Code 18003
Associated Document Count 1
REO No
Status Active
Auction Y/N No
Dining Room Level N/A
Annual Taxes 7712
Upper N/A
Area Allen County
Location City/Town/Suburb
High School Carroll
City Leo
School District Northwest Allen County
Assoc. Dues Frequency Not Applicable
Total Sq Ft 1625
Elementary School Perry Hill
Middle School Maple Creek
Legal Description CC32 E 903.1 OF N 532.5 EX S 152.5 OF E 240 NW1/4 SW1/4 SEC 18
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202611322
Agent First Name David
Agent Last Name Weigand
DOM 159
Tax Year 2025

Interior Features

Basement Unfinished
Fireplace(s) 1
Kitchen Length 8
Kitchen Width 11
Beds 3
Total Rooms 5
Fireplace Family Rm
Living Room Width 12
Living Room Length 14
Full Baths Main 1
Total Finished SqFt 1175
Basement Y/N Yes
Above Grade Bedrooms 3
1st Bedroom Level Main
1st Bedroom Width 10
2nd Bedroom Length 10
2nd Bedroom Level Main
2nd Bedroom Width 12
3rd Bedroom Length 12
3rd Bedroom Level Main
3rd Bedroom Width 12
Above Grade Finished SqFt 1175
Below Grade Unfin. SqFt 450
Extra Room Level N/A
Living/Great Rm Level Main
Rec Room Level N/A

Exterior Features

Exterior Vinyl,Wood
Pool No
Waterfront Pond
Garage Length 15
Garage Width 15
Lot Size Area 479160
Lot Dimensions 900 x 532
Lot Description Partially Wooded,Waterfront,10-14.999
Garage SqFt 225
Water Features Pier/Dock
Approx. Lot Size Acres 11
Garage Capacity 2
Off Street Parking Y/N Yes
Waterfront Y/N Yes
Garage Y/N Yes
County Zoning A3

Amenities

  • Foreclosure
  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the South Bend, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Perry Hill Elementary School
Middle School Maple Creek Middle School
High School Carroll High School

Price History

4/3/2026 Listed $2,800,000

Property vs Zip Code Average in 46765

Price
AVG $790K
$2.8M
Taxes
AVG $3,886
$7,712
Year Built
AVG 1986
1917
Visits
AVG 93
197
Data Provided by Inside Real Estate®

Areas That We Cover

15514 Tonkel Road Leo, IN is a Single Family Home for sale at $2800000 with 1175 sqft and a lot size of 11 Acres Acre(s). 15514 Tonkel Road Leo has 3 bedrooms, 1 baths and was built in 1917. The property's zip code is 46765 which is in Leo, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Peri Mason

Peri Mason

574-400-9194

By pressing Contact Me, you agree that Weichert® may contact you via phone about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our Privacy Policy