15514 Tonkel Road Leo, IN $ 2,800,000
15514 Tonkel Road
$ 2,800,000
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15514 Tonkel Road

Leo, IN, 46765
$ 2,800,000
Bedrooms3 Baths1.0 Sq 1,175

Monthly Estimate*

$ 17,240

15514 Tonkel Road, Leo, IN 46765 - Image 1
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15514 Tonkel Road, Leo, IN 46765 - Image 10
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Single Family Home for sale in Leo, IN

for $2,800,000 with 3 bedrooms and 1 full bath. This 1,175 square foot home was built in 1917 on a lot size of 11.

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.

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Single Family Active

Price

$ 2,800,000

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 7,712

Style

Site-Built Home

Lot Size

11

Year Built

1917

Town/City

Leo

County/Region

Allen

MLS | Web ID

202611322

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 Active
Full Baths 1
Half Baths 0
Bathrooms 1
Year Built 1917
New Construction No
Subdivision None
Style One Story
Township Cedar Creek
Class RESIDENTIAL
Type Site-Built Home
Age 109
REO No
Status Detail 0
Dining Room Level N/A
Upper N/A
Area Allen County
Location City/Town/Suburb
High School Carroll
City Leo
School District Northwest Allen County
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 4
Tax Year 2025
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Interior
Basement Unfinished
Fireplace(s) 1
Beds 3
Total Rooms 5
Dining Room Length 0
Dining Room Width 0
Breakfast Room Length 0
Breakfast Room Width 0
Fireplace Family Rm
Family Room Width 0
Living Room Width 12
Family Room Length 0
Living Room Length 14
Full Baths Main 1
Full Baths Upper 0
Above Grade Bedrooms 3
Below Grade Baths 0
Below Grade Bedrooms 0
Full Baths Below Grade 0
Half Baths Below Grade 0
Half Baths Main 0
Half Baths Upper 0
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
Extra Room Length 0
Extra Room Level N/A
Extra Room Width 0
Rec Room Length 0
Rec Room Level N/A
Rec Room Width 0
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Exterior
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
Water Features Pier/Dock
Garage Capacity 2
Waterfront Y/N Yes
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* Excluded Features
List By
David Weigand

Listing Agent

Encore Sotheby's International Realty

Broker

david.weigand@encoresir.com

Email

Affordability Calculator

$17,883
Per Month
96%
4%
0%
Monthly Principal & Interest
$17,240
Monthly Property Taxes
$643
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
1236318 Elementary School
1237284 Middle School
Carroll High School High School
Pricing History
DatePricePrice ChangeDescription
4/3/2026$2,800,000 Listed Price

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15514 Tonkel Road, Leo, IN, 46765 is a Single Family Home for sale at $2,800,000 with 1,175 sqft and a lot size of 11. 15514 Tonkel Road has 3 bedrooms, 1.0 baths, and was built in 1917. The property's zip code is 46765 which is in Leo, IN