Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1471 Pilgrim Ln Plymouth, IN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in Plymouth, Indiana shopping center.

    Type:RETAIL
    Property size:
    4,500 SF
    Lot size:
    1.35 Acres
    Added:
    Dec 10, 2024
    Days on Market:
    506
    Last Refresh:
    Apr 5 at 11:12 pm

    Property Features for 1471 Pilgrim Ln

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Lot size
    1.35 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1471 Pilgrim Ln Contact us

    We can help!

    Listing Contact
    Stacy Dorsey

    Listing agent Stacy Dorsey

    Listing office Chase Properties - Corporate

    Listing date Dec 10, 2024

    Source Moodyscre

    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 Chase Properties - Corporate

    Overview

    Pilgrim Place Retail Space

    Pilgrim Place is a 323,577 square foot shopping center anchored by Ollie’s Bargain Outlet, Tractor Supply Company, Burke’s Outlet, Lowe’s Home Improvement, and shadow-anchored by Walmart Supercenter. Located just west of US 31 & US 30 in Plymouth, Indiana, Pilgrim Place has available retail space. The property is situated 20 miles south of South Bend, home to the University of Notre Dame, and serves a trade area population of over 100,000. The available retail space is 4,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Pilgrim Place Shopping Center — 2500 N Oak Dr, Plymouth, IN 46563

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Marshall
    State
    Indiana
    Longitude
    -86.3262
    Latitude
    41.3627

    Nearby Similar for Lease

    • $1,564/Mo

      Class A Office Building Available

      Multi-story office spaces for lease in Plymouth, Indiana.
      510 W Adams Street, Plymouth, IN 46563
      View Details
    • $1,900/Mo

      Downtown Plymouth Class A Office

      Class A office spaces available in downtown Plymouth, Indiana.
      510 W Adams Street, Plymouth, IN 46563
      View Details
    • $750/Mo

      Downtown Plymouth Office Space Available

      Recently renovated office suite in a high-visibility downtown location.
      310 N Michigan Street, Plymouth, IN 46563
      View Details
    • $1,500/Mo

      Downtown Plymouth Commercial Space Available

      Renovated office space in downtown Plymouth, Indiana for lease.
      310 N Michigan Street, Plymouth, IN 46563
      View Details
    • $420/Mo

      Class A Office Spaces Available

      Downtown Plymouth office spaces with utilities included.
      510 W Adams Street, Plymouth, IN 46563
      View Details
    • Contact for pricing

      Commercial Space on US 30

      3,000 sq ft commercial space ideal for retail/office.
      2166 N Oak Dr, Plymouth, IN 46563
      View Details
    • Contact for pricing

      Pilgrim Place Retail Space

      Retail space available in Plymouth, Indiana shopping center.
      1310-1500 Pilgrim Ln, Plymouth, IN
      View Details
    • Contact for pricing

      Pilgrim Place Retail Opportunity

      Retail space available in Plymouth, Indiana shopping center.
      2500 N Oak Dr, Plymouth, IN
      View Details
    • $20 SF/Yr

      Lifeplex Wellness Center Availability

      Medical, office, retail, and restaurant spaces available for lease.
      2855 Miller Dr, Plymouth, IN
      View Details
    • Contact for pricing

      Retail Property Near Walmart

      Multi-tenant retail property with high visibility and traffic.
      2291 N Oak Rd, Plymouth, IN 46563
      View Details
    • Contact for pricing

      Kroger Anchored Retail Space

      Retail spaces available in Kroger anchored Plymouth Plaza.
      1911-1917 N Michigan St, Plymouth, IN
      View Details
    • Contact for pricing

      Kroger Anchored Retail Space

      Retail space available in Kroger anchored Plymouth Plaza.
      2001-2011 N Michigan St, Plymouth, IN
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in Plymouth, Indiana shopping center.
    Where is this shopping center located?
    The property is located at 1471 Pilgrim Ln Plymouth, IN.
    What are key features of this property?
    This property features: Anchored by Ollie’s Bargain Outlet, Tractor Supply Company, Burke’s Outlet, Lowe’s Home Improvement and Walmart Supercenter shadow anchored.; Located just west of US 31 & US 30 in Plymouth, Indiana.; Trade area population of over 100,000.
    (216) 464-6626 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Stacy Dorsey
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!