Former Bank Drive-Through
1230 Lincoln Hwy E New Haven, IN 46774
1230 Lincoln Hwy E, New Haven, IN, 46774
Contact for pricing
For Sale
Contact for pricing
Move-in-ready 2,178 SF former bank branch includes a two-lane drive-through and 26 parking spaces on a 0.92-acre lot.
Property Size2,178 SF
Lot Size0.92 Acres
Price / SF$183.20
Days on Market176
Property Features for 1230 Lincoln Hwy E
General Information
- Standard status
- Active
- Size
- 2,178 SF
- Lot size
- 0.92 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1969
Listing agency
BND Commercial Real Estate
(260) 421-1910
Listed by
Dalton Jasper · License #IN 18000785
Source
Crexi
Added: Jan 26 Updated: Jul 21 at 6:39AM Checked: Jul 21 at 6:39AM
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 BND Commercial Real Estate
Investment Insights
Based on property information with market context.
Move-in-ready former bank branch totaling 2,178 SF, situated on a 0.92-acre lot. The property features a two-lane drive-through and 26 parking spaces, supporting both customer-facing and service-oriented operations.
Zoned C-4, the site offers flexible use opportunities noted by the seller for retail, office, medical, nonprofit, or church use. It is located just minutes from SR-930 and I-469, providing convenient access for patrons and employees.
For sale with flexible sale or lease options available, this property is positioned for tenants or buyers seeking a readily usable building with drive-through functionality and on-site parking.
Zoned C-4, the site offers flexible use opportunities noted by the seller for retail, office, medical, nonprofit, or church use. It is located just minutes from SR-930 and I-469, providing convenient access for patrons and employees.
For sale with flexible sale or lease options available, this property is positioned for tenants or buyers seeking a readily usable building with drive-through functionality and on-site parking.
Key Highlights
- Move‑in‑ready 2,178 SF former bank branch built in 1969
- Two‑lane drive‑through on a 0.92‑acre lot
- 26 parking spaces for customers and staff
Local 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 | $32.7k | $15.00 |
| − Vacancy | −$3.4k | −$1.56 |
| EGI | $29.3k | $13.44 |
| − OpEx | −$8.8k | −$4.03 |
| NOI | $20.5k | $9.41 |
2,178 SF · lease $15.00/SF/yr · vacancy 10.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$292.7K
$256.1K – $341.5K
NOI $20,491 @ 7.0% cap · market cap 5.14%
Second Best
Specialty Retail
$122.9K
$107.6K – $143.4K
NOI $8,606 @ 7.0% cap · market cap 2.16%
Theoretical Best
Office A
$502.0K
$439.3K – $585.7K
NOI $35,140 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Move-in-ready 2,178 SF former bank branch includes a two-lane drive-through and 26 parking spaces on a 0.92-acre lot.
Where is this bank located?
The property is located at 1230 Lincoln Hwy E New Haven, IN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Move‑in‑ready 2,178 SF former bank branch built in 1969; Two‑lane drive‑through on a 0.92‑acre lot; 26 parking spaces for customers and staff
