Building Details

Building Size 2,415 SF

Year Built 1860

Buildings 1

Construction Italianate and Greek Revival

Listing Agency: Batts Real Estate Group

Listed By: Lisa Batts Show Phone

Source: Battsrealestategroup

Added: Jun 19 Changed: Oct 25 Last Checked: Oct 26 at 3:36AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Batts Real Estate Group

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Investment Insights

Based on property information with market context.

This 2,415-square-foot retail property occupies an 1860 building with Italianate and Greek Revival architectural features. The space is currently used for antiques retail, and the property is zoned NBU. Residential conversion is also identified as a potential alternative use.

The sale includes two parcels associated with 100 N Winans Street and SR 225 E in Battle Ground, Indiana. The property is described as occupying a corner location, with proximity to Lafayette and West Lafayette.

Key Highlights

• 2,415‑square‑foot retail property
• Built in 1860 with Italianate and Greek Revival architecture
• Currently used for antiques retail

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,242

Cap Rate

7.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$484,840 $484.8K

Cap Rate 7%

$346,314 $346.3K

Cap Rate 9%

$269,356 $269.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,415 SF

Gross rent

$36.2K $15.00/SF

− Vacancy

−$1.6K −$0.66/SF

EGI

$34.6K $14.34/SF

− OpEx

−$10.4K −$4.30/SF

NOI

$24.2K $10.04/SF

Area

Tippecanoe County, IN

Vacancy

4.40%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$484,840

Cap Rate 7%

$346,314

Cap Rate 9%

$269,356

Alternative Uses

Best Use

Retail

$346.3K

$303.0K – $404.0K (±1% cap)

NOI $24,242 @ 7.0% cap · market cap 7.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$557.6K

$487.9K – $650.5K (±1% cap)

NOI $39,029 @ 7.0% cap · market cap 12.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Shoup House Antiques Home Decor Store Benchmart Interiors Interior Design

Suggested Use

Top Pick Building Supply Auto Repair Shop HVAC Service Restaurant Grocery & Convenience Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

Explore this area Business Placement

Demographics for 47920, IN

2,665

Population

979

Households

2.7

Avg Household Size

42

Median Age

38%

College-Educated

92%

High-School Grad

28.0 sq mi

ZIP Area

95

Density / Sq Mi

$108,992

Median Household Income

$53,914

Median Earnings

$983

Median Rent

$263,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Retail space - An 1860 Italianate and Greek Revival building currently houses an antiques business and may be adapted for residential use.

Where is this retail space located?

The property is located at 100 N Winans Street Battle Ground, IN.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 2,415‑square‑foot retail property; Built in 1860 with Italianate and Greek Revival architecture; Currently used for antiques retail