Downtown Retail Space for
111 N High St Warsaw, IN
For Sale
Contact for pricing
Retail property in downtown Warsaw, Indiana, with high visibility.
Property Size800 SF
Lot Size0.09 Acres
Price / SF$218.75
Days on Market384
Property Features for 111 N High St
General Information
Standard status
Active
Size
800 SF
Lot size
0.09 Acres
Property subtype
RETAIL
Listing Agency:
The Zacher Company
(260) 704-5409
Listed By:
Dan Gabbard · License #RB18001659
(260) 704-5409
Source:
Moodyscre
Added: Jul 11, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:09AM
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 The Zacher Company
Investment Insights
Based on property information with market context.
This retail space is located within a prominent downtown corridor and is adjacent to the Warsaw Public Library. The site benefits from multiple access points and ideal visibility, with a traffic count of 10,285 vehicles per day. The property is zoned commercial (C-4). The property size is 800 square feet.
Key Highlights
- Prominent downtown corridor location
- High visibility with 10,285 vehicles per day (VPD)
- Multiple access points
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.1k | $15.12 |
| − Vacancy | −$508 | −$0.64 |
| EGI | $11.6k | $14.48 |
| − OpEx | −$3.5k | −$4.35 |
| NOI | $8.1k | $10.14 |
800 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$115.9K
$101.4K – $135.2K
NOI $8,112 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$139.4K
$122.0K – $162.6K
NOI $9,756 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail property in downtown Warsaw, Indiana, with high visibility.
Where is this retail space located?
The property is located at 111 N High St Warsaw, IN.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Prominent downtown corridor location; High visibility with 10,285 vehicles per day (VPD); Multiple access points
