15514 Tonkel Rd

Leo, IN 46765

$2,800,000
Price
3
Beds
1,175 Sq. Ft.
$2,383 / Sq. Ft.
1,175
Sq. Ft.
$2,383
per Sq. Ft.
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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....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.
  1. Listed by David Weigand • Encore Sotheby's International Realty

Property Details for 15514 Tonkel Road

Style
One Story
Subdivision
None
Waterfront
Yes
Water Features
Pier/Dock
Garage/Number Of Cars
2
LISTING UPDATED: 04/03/2026 03:47 PM

Property Details for 15514 Tonkel Road

StatusActive
MLS #202611322
Days on Market3
Taxes$7,712 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Site-Built Home
Year Built1917
Lot Size11.00 AC / 479,160 SF
CountyAllen County
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Location

Listing Courtesy of Encore Sotheby's International Realty
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Building Information for 15514 Tonkel Road

Stories-Year Built1917Building Size-Lot Size11.00 AC / 479,160 SF

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$14,742 per month

30 year fixed, 6.46% Interest

Principal and Interest

$14,099

Property Taxes

$643

HOA Dues

$0

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Property Information for 15514 Tonkel Road

Summary
Location and General Information
  • Area: Allen County
  • City: Leo
  • Zip + 4: 9767
  • Zip Code: 46765
  • County Zoning: A3
  • State: IN
  • Township: Cedar Creek
  • Geo Latitude: 41
  • Geo Longitude: -85
  • Section Number: 18
  • Fips Code: 18003
  • Directions To Property: Tonkel Road N, just past Hosler Road.
  • Location: City/Town/Suburb
Taxes and HOA
  • Annual Taxes: $7,712
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 02-03-18-301-001.000-042
School Information
  • School District: Northwest Allen County
  • Elementary: Perry Hill
  • Middle School: Maple Creek
  • High School: Carroll
Parking
  • Garage Length: 15.0
  • Garage Width: 15.0
  • Garage: Yes
  • Off Street Parking: Yes
  • Garage Type: Carport
Property
Lot Information
  • Class: RESIDENTIAL
  • Property Subtype: Site-Built Home
  • Approx Lot Size Acres: 11.0
  • Lot Dimensions: 900 x 532
  • Lot Number: 0
  • Below Grade Unfin Sqft: 450.0
  • Total Square Feet: 1625.0
  • Approx Lot Size Sqft: 479160.0
  • Above Grade Finished Sqft: 1175.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 450.0
  • Total Finished Sqft: 1175.0
  • Garage Square Feet: 225.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Partially Wooded, Waterfront, 10-14.999
  • Outbuilding 1 Length: 80.0
  • Outbuilding 1 Sqft: 5900
  • Outbuilding 1 Width: 73.0
  • Outbuilding 2 Length: 102.0
  • Outbuilding 2 Sqft: 6120
  • Outbuilding 2 Width: 60.0
Property and Assessments
  • New Construction: No
  • Year Built: 1917
  • Age: 109
  • Planned Unit Development: No
Utilities
  • Water Type: Pond
  • Water Utility: City
  • Sewer: City
Interior and Exterior Features
Exterior Features
  • Amenities: Dryer Hook Up Gas/Elec, Guest Quarters, Near Walking Trail, Patio Open, Utility Sink, Sump Pump
  • Exterior: Vinyl, Wood
  • Outbuilding 1: Outbuilding
  • Outbuilding 2: Pole/Post Building
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Fireplaces: 1
  • Basement: Yes
  • Basement/Foundation: Unfinished
  • Cooling: Window
  • Fireplace: Family Rm
  • Fireplace: Yes
  • Heating/Fuel: Gas, Forced Air, Multiple Heating Systems
  • Number of Above Grade Bedrooms: 3
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Number of Full Baths Below Grade: 0
  • Number of Full Baths Main: 1
  • Number of Full Baths Upper: 0
  • Number of Half Baths Below Grade: 0
  • Number of Half Baths Main: 0
  • Number of Half Baths Upper: 0
  • Number of Total Rooms: 5
  • Total Number of Bedrooms: 3
  • Total Number of Full Baths: 1
  • Total Number of Half Baths: 0
  • Total Baths: 1
  • Total Number of Rooms Below Grade: 0
Room
Room Information
  • 1st Bedroom Length: 8.0
  • 1st Bedroom Level: Main
  • 1st Bedroom Width: 10.0
  • 2nd Bedroom Length: 10.0
  • 2nd Bedroom Level: Main
  • 2nd Bedroom Width: 12.0
  • 3rd Bedroom Length: 12.0
  • 3rd Bedroom Level: Main
  • 3rd Bedroom Width: 12.0
  • Breakfast Room Length: 0.0
  • Breakfast Room Level: N/A
  • Breakfast Room Width: 0.0
  • Dining Room Length: 0.0
  • Dining Room Level: N/A
  • Dining Room Width: 0.0
  • Extra Room Length: 0.0
  • Extra Room Level: N/A
  • Extra Room Width: 0.0
  • Family Room Length: 0.0
  • Family Room Level: N/A
  • Family Room Width: 0.0
  • Kitchen Length: 8.0
  • Kitchen Level: Main
  • Kitchen Width: 11.0
  • Laundry Room Length: 0.0
  • Laundry Level: Main
  • Laundry Room Width: 0.0
  • Living/Great Room Length: 14.0
  • Living/Great Room Level: Main
  • Living/Great Room Width: 12.0
  • Loft Length: 0.0
  • Loft Level: N/A
  • Loft Width: 0.0
  • Den Length: 0.0
  • Den Level: N/A
  • Den Width: 0.0
  • Rec Rm Length: 0.0
  • Rec Rm Level: N/A
  • Rec Rm Width: 0.0

Property History for 15514 Tonkel Road

DateEvent & SourcePriceAppreciation
Apr 3, 2026

Listed (Active)

Indiana Regional MLS #202611322

$2,800,000—
Jun 17, 2022

Sold

Indiana Regional MLS #202213294

$750,000—
Apr 23, 2022

Pending

Indiana Regional MLS #202213294

—
Apr 15, 2022

Listed (Active)

Indiana Regional MLS #202213294

$750,000—
DateEvent & SourcePrice
04/03/2026

Listed (Active)

Indiana Regional MLS #202611322

$2,800,000
06/17/2022

Sold

Indiana Regional MLS #202213294

$750,000
04/23/2022

Pending

Indiana Regional MLS #202213294

—
04/15/2022

Listed (Active)

Indiana Regional MLS #202213294

$750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 15514 Tonkel Road

Taxable ValueLand$133,800Additions$232,600Total$366,400
Tax Record2024$5,402 ($450 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,175 SqFtAbove Grade Finished SqFt1,175 SqFtStories1Lot Size445,183 SqFtStyleSingle Family ResidenceYear Built1917Year Renovated1957CountyALLENAPN02-03-18-301-001.000-042

Schools near 15514 Tonkel Road

This home is within East Allen County Schools.
Rating
School
Type
Grades
Distance
Cedarville Elementary School
Public - K to 3
Leo Elementary School
Public - 4 to 6
Leo Junior/Senior High School
Public - 7 to 12
Woodlan Intermediate
Public - K to 6
Rating
School
Distance
Cedarville Elementary School
PublicK to 3

Leo Elementary School
Public4 to 6

Leo Junior/Senior High School
Public7 to 12

Woodlan Intermediate
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 15514 Tonkel Road, Leo, IN 46765

15514 Tonkel Road is a single family home for sale in Leo, IN 46765. This property was listed for sale on April 3, 2026 by Encore Sotheby's International Realty, it's currently listed at $2,800,000. It has been on the market for a total of 3 days and was last sold on June 17, 2022. This listing's school district is East Allen County Schools. Nearby schools include Cedarville Elementary School, Leo Elementary School and Leo Junior/Senior High School. 15514 Tonkel Road is a 3-bed, 1-bath, 1,175 sqft single family home built in 1917.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Encore Sotheby's International Realty

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.