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Former Walgreens Retail Opportunity
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123 N 13th St, Decatur, IN

14,820 SF retail building on 1.60 acres.

Property Size14,820 SF
Lot Size1.28 Acres
Price / SF$272.60
Days on Market491

Property Features for 123 N 13th St

General Information

Standard status Active
Size 14,820 SF
Lot size 1.28 Acres
Property subtype RETAIL
Listing Agency: B+E
Listed By: Camille Renshaw · License #10491209253
Source: Moodyscre
Added: Mar 28, 2025 Changed: Jul 6 Last Checked: Jul 21 at 4:57AM

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 B+E

Investment Insights

Based on property information with market context.

This 14,820 square foot retail property is situated on a 1.60-acre lot. Constructed in 2005, the property formerly housed a Walgreens. It features a drive-thru and pylon signage. The site benefits from its location on a signalized corner, offering excellent visibility. There are 89 surface parking spaces, providing a parking ratio of 6.00 per 1,000 square feet. Traffic counts exceed 19,460 vehicles per day at the intersection of South 13th Street and Madison Street North. The current lease expires on February 28, 2031, with an asking rent of $12.00 per square foot.

Key Highlights

  • Drive‑thru for your convenience.
  • Excellent visibility ensures your business gets noticed.
  • Located on a signalized corner.

Property Analytics

Current Use

Carla Springer Pharmacy 24/30 Surplus Discount Store The Bargain Lane Liquidator

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Daycare Center Computer & Electronic Repair Carpet & Flooring Store (Bike/Boat/Book/etc) Store

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

328
Businesses Nearby
102k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 65% Shops & Services 30% Electronics 4% Beauty & Spa 1%
McDonald's Dining
24,666 visits/mo 0.4 miles
Decatur Shops & Services
13,379 visits/mo 0.1 miles
Wendy's Dining
13,209 visits/mo 0.4 miles
Marathon Shops & Services
8,739 visits/mo 0.3 miles
Burger King Dining
8,277 visits/mo 0.3 miles

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
Questions? Ask Rey
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Similar Off Market Nearby

  • Alter Chiropractic Health Services, A Creating Wellness Center — 1741 Morningstar Blvd, Decatur, IN 46733
  • Kroger Pharmacy — 929 S 13th St, Decatur, IN 46733
  • Carla Springer — 123 N 13th St, Decatur, IN 46733
  • Ryan Shellabarger — 1221 W Monroe St, Decatur, IN 467331532
  • CVS — 1221 W Monroe St, Decatur, IN 46733

Frequently Asked Questions

What type of property is this?
Drug store - 14,820 SF retail building on 1.60 acres.
Where is this drug store located?
The property is located at 123 N 13th St Decatur, IN.
What is the asking price?
The asking price for this property is $4,040,000.
What are key features of this property?
This property features: Drive‑thru for your convenience.; Excellent visibility ensures your business gets noticed.; Located on a signalized corner.
(646) 701-4536 Call to check price and availability
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