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

    2597 East Main St Plainfield, IN 46168

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Outlot in a busy retail power center for lease.

    Property size:
    1 SF
    Lot size:
    1 SF

    Property Features for 2597 East Main St

    General Information

    Standard status
    Active
    Size
    1 SF

    We can help!

    Listing Contact
    Kevin Broderick
    Source: Cbre

    Listing Agent: Kevin Broderick

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

    Learn more

    Overview

    Retail Outlot in Power Center

    This retail space is an outlot to a power center anchored by Burlington and Ross. The hard corner outlot is located at a signalized intersection with a traffic volume of over 29,000 vehicles per day. It is situated adjacent to the Shops at Perry Crossing lifestyle center. The location benefits from a large daytime employment base, with the Plainfield business park, one of the largest logistics and distribution hubs in the Midwest, located just south of the site. The property size is 1 acre.
    Location Intelligence

    Current Use by Public Records

    Pizza Hut Take-out & Catering

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.354451
    Latitude
    39.718722

    Nearby Similar for Lease

    • Contact for pricing

      Plainfield Industrial Space Available

      235,105 SF industrial space with office and parking.
      595 Perry Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      3,148 SF

      Plainfield Retail Space Available

      Retail space available for lease in Plainfield, Indiana.
      160 Plainfield Village Dr, Plainfield, IN 46168
      View Details
    • Contact for pricing

      Plainfield Warehouse Space Available

      81,304 SF warehouse space for sublease in Plainfield, Indiana.
      730 Columbia Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing

      Plainfield Industrial Property For Rent

      Industrial property available for lease in Plainfield, Indiana.
      595 Perry Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      120,753 SF

      Plainfield Warehouse Space Available

      Industrial warehouse space for lease in Plainfield, Indiana.
      2151 Airwest Blvd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      96,000 SF

      Prime Plainfield Retail Space

      96,000 SF Retail Center, Spaces Available
      2437 Main St, Plainfield, IN 46168
      View Details
    • Contact for pricing
      13,093 SF

      Plainfield Retail Center - Now Leasing

      13,000 SF Retail Space, Prime Location
      772 Dan Jones Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      3,777 SF

      Plainfield Office Space For Rent

      Office space near shopping, dining, and airport.
      2498 Perry Crossing Way, Plainfield, IN
      View Details
    • Contact for pricing
      107,051 SF

      Plainfield Industrial Space For Lease

      107,051 SF industrial space available for lease in Plainfield.
      9400 Bradford Rd, Plainfield, IN
      View Details
    • Contact for pricing
      35,200 SF

      Plainfield Warehouse with Office Space

      35,200 SF warehouse with office and multiple loading doors.
      923 Whitaker Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      720,000 SF

      Plainfield Warehouse Space Available

      720,000 SF warehouse space for lease in Plainfield, Indiana.
      450 Airtech Pkwy, Plainfield, IN 46168
      View Details
    • Contact for pricing
      956 SF

      Meijer In-Store Retail Space

      956 sq ft, prime Midwest location
      400 Dan Jones Rd, Plainfield, IN 46168
      View Details

    FAQs

    What type of property is this?
    Retail space - Outlot in a busy retail power center for lease.
    Where is this retail space located?
    The property is located at 2597 East Main St Plainfield, IN.
    What are key features of this property?
    This property features: - Hard corner outlot at signalized intersection with 29,000+ VPD; - Outlot to Burlington and Ross anchored power center; - Located adjacent to the Shops at Perry Crossing lifestyle center
    Request Owner's contact information
    2597 East Main St Plainfield, IN 46168
    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.
    2597 East Main St
    Plainfield, IN 46168
    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
    2597 East Main St Plainfield, IN 46168
    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

    We can help!
    Listing Contact
    Kevin Broderick
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!