
Land with Home for Sale in Leo, Indiana
15514 Tonkel Rd, Leo, IN 46765
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
- Street address
- 15514 Tonkel Rd
- County
- Allen County
- Zip code
- 46765
- School district
- Northwest Allen County
- Elevation
- 843 feet
Directions
Tonkel Road N, just past Hosler Road.
Property details
- Acreage
- 11 acres
- MLS #
- FWAAR 202611322
- Posted
Property taxes
- 2025
- $7,712
Parcels
- 02-03-18-301-001.000-042
Details and features
Listing
- Type
- Residential
Lot
- Waterfront
- Pond
- Features
- 10-14.999, City/Town/Suburb, Partially Wooded, Waterfront
Structure
- Stories
- 1
Interior
- Room Count
- 5
- Rooms
- Basement, Bathroom, Bedroom x 3, Laundry Room
- Fireplaces
- Yes
Nearby schools
| Name | Type | District |
|---|---|---|
| Perry Hill | Elementary | Northwest Allen County |
| Maple Creek | Middle | Northwest Allen County |
| Carroll | High | Northwest Allen County |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Apr 3, 2026 | New listing | $2,800,000 | — | FWAAR |









