Retail Space at Highway
New
For Sale
Contact for pricing
10058 N State Road 37, Elwood, IN 46036
The existing building offers 1,176 square feet, with the site also described as a 1.7-acre parcel.
Property Size1,176 SF
Lot Size1.70 Acres
Price / SF$212.50
Days on Market6
Property Features for 10058 N State Road 37
General Information
Standard status
Active
Size
1,176 SF
Lot size
1.70 Acres
Property subtype
RETAIL
Site & Location
Corner Location
Yes
Road Access
Yes
Listing Agency:
ADM Commercial Real Estate
(765) 282-7785
Listed By:
Mark Sturgis 765 749 0665 · License #RB14034183
(765) 749-0665
Source:
Moodyscre
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 6:55PM
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 ADM Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property includes a 1,176-square-foot building and a 1.7-acre site. The existing improvements are identified as suitable for continued use, while the land area is also described for quick-service restaurant development.
The property occupies the southeast corner of State Road 37 and State Road 13. Unlimited Motors is directly across the street.
The property occupies the southeast corner of State Road 37 and State Road 13. Unlimited Motors is directly across the street.
Key Highlights
- 1,176‑square‑foot building on a 1.7‑acre site
- Southeast corner of State Road 37 and State Road 13
- Unlimited Motors directly across the street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,113
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,260
$222.3K
Cap Rate 7%
$158,757
$158.8K
Cap Rate 9%
$123,478
$123.5K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$17.6K $15.00/SF
− Vacancy
−$1.8K −$1.50/SF
EGI
$15.9K $13.50/SF
− OpEx
−$4.8K −$4.05/SF
NOI
$11.1K $9.45/SF
Area
Madison County, IN
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,260
Cap Rate 7%
$158,757
Cap Rate 9%
$123,478
Alternative Uses
Best Use
Retail
$158.8K
$138.9K – $185.2K
NOI $11,113 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$271.1K
$237.2K – $316.2K
NOI $18,974 @ 7.0% cap · market cap 7.59%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 46036, IN
11,247
Population
5,284
Households
2.1
Avg Household Size
44
Median Age
10%
College-Educated
92%
High-School Grad
80.3 sq mi
ZIP Area
140
Density / Sq Mi
$59,082
Median Household Income
$39,022
Median Earnings
$841
Median Rent
$108,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The existing building offers 1,176 square feet, with the site also described as a 1.7-acre parcel.
Where is this retail space located?
The property is located at 10058 N State Road 37 Elwood, IN.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,176‑square‑foot building on a 1.7‑acre site; Southeast corner of State Road 37 and State Road 13; Unlimited Motors directly across the street
