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    366 S Indiana St Mooresville, IN 46158

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    For Sale
    $2,300,000

    2,555 SF Mooresville building with NNN lease.

    Property size:
    2,555 SF
    Lot size:
    0.90 Acres

    Property Features for 366 S Indiana St

    General Information

    Size
    2,555 SF
    Lot size
    0.90 Acres

    Source: Latitude Commercial Agent Brett McDermott

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Commercial Building Sale-Leaseback

    This is a 2,555 SF freestanding commercial building located at 366 S. Indiana Street, Mooresville, IN. The property is offered as a NNN sale-leaseback structure, transferring all landlord responsibilities to the tenant. The initial monthly rent is $11,500. A 15-year initial lease term is executed at closing, with renewal period increases of 8%. The property benefits from strong visibility and accessibility.
    Insight Report Location Intelligence

    Current Use by Public Records

    KFC Chicken Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    Kroger Floral

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.375486
    Latitude
    39.607185

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    FAQs

    What type of property is this?
    Storefront property - 2,555 SF Mooresville building with NNN lease.
    Where is this storefront property located?
    The property is located at 366 S Indiana St Mooresville, IN.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - NNN sale-leaseback structure with no landlord responsibilities, providing a passive income stream.; - 15-year initial lease term executed at closing, ensuring long-term stability.; - Monthly rent of $11,500 at commencement, offering immediate cash flow.
    (219) 545-4328
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    366 S Indiana St Mooresville, IN 46158
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    Mooresville, IN 46158
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    Realmo Value Estimation

    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.

    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.

    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
    366 S Indiana St Mooresville, IN 46158
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