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IGA Leased Investment Opportunity
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Pending

301 S 5th Ave, Princeton, IN

Leased IGA with fueling station in Princeton, Indiana.

Property Size41,556 SF
Lot Size4.24 Acres
Days on Market819

Property Features for 301 S 5th Ave

General Information

Standard status Pending
Size 41,556 SF
Lot size 4.24 Acres
Property subtype RETAIL
Listing Agency: Woodward Commercial Realty, Inc.
Listed By: Chris Jackson, CCIM, SIOR · License #RB14026364
Source: Moodyscre
Added: Jun 17, 2024 Changed: Sep 2 Last Checked: Sep 12 at 10:10AM

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 Woodward Commercial Realty, Inc.

Investment Insights

Based on property information with market context.

This property, leased to IGA (Houchens Industries), includes a fueling station. It is positioned as a value-add acquisition due to below-market rent. The property is located at a signalized, high-traffic intersection strategically located just off of US 41. The property size is 41,556 square feet.

Key Highlights

  • Leased to IGA (Houchens Industries)
  • Signalized, high‑traffic intersection strategically located just off of US 41
  • Includes fueling station

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Building Supply Law Firm Dental Office Big Box & Wholesale Store Hair Salon Real Estate Agency

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

337
Businesses Nearby
106k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 43% Shops & Services 23% Home Improvements & Furnishings 17% Groceries 11%
McDonald's Dining
19,518 visits/mo 0.4 miles
Rural King Home Improvements & Furnishings
18,291 visits/mo 0.4 miles
Marathon Shops & Services
8,891 visits/mo 0.3 miles
Arby's Dining
8,664 visits/mo 0.3 miles
Applebee's Dining
7,424 visits/mo 0.3 miles
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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • IGA 2005 W Broadway St, Princeton, IN 47670
  • Save A Lot 1410 W Broadway St, Princeton, IN 47670

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Leased IGA with fueling station in Princeton, Indiana.
Where is this grocery and convenience store located?
The property is located at 301 S 5th Ave Princeton, IN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Leased to IGA (Houchens Industries); Signalized, high‑traffic intersection strategically located just off of US 41; Includes fueling station
(812) 205-5580 Call to check price and availability
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