Listing Agency: Keller Williams Capital Realty Show Phone

Listed By: Charlie Butler · License #IN RB14034751

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 4:34PM

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Investment Insights

Based on property information with market context.

This recently remodeled property includes a large, open, heated and cooled interior retail area of 2,112 square feet, supported by options for flexible use such as retail, grocery, warehouse, storage, or e-commerce. The building also has living quarters upstairs, bringing the total size to 5,280 square feet. A 9x8 door with a ramp provides straightforward loading and unloading, and large retail entrances include an option to separate the building into two retail locations or configure it as one large lobby. Windows span the entire front for high visibility and advertising.

The property is located on busy IN-257, with more than 6,000 vehicles passing through daily, supporting consistent customer exposure.

Additional interior improvements include an owners suite upstairs with a kitchen. The attached garage has been newly remodeled and includes a full bath, washer/dryer, and a dedicated hot tub room.

Key Highlights

• Retail space on busy IN‑257 with more than 6,000 vehicles passing daily
• Recently remodeled interior with a large, open heated and cooled 2,112 SF retail area
• Total space of 5,280 SF includes upstairs living quarters with owners suite and kitchen

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Locksmith Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store Building Supply Restaurant

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

39

Businesses Nearby

Explore this area Business Placement

Demographics for 47564, IN

1,375

Population

628

Households

2.2

Avg Household Size

44

Median Age

10%

College-Educated

79%

High-School Grad

38.6 sq mi

ZIP Area

36

Density / Sq Mi

$59,125

Median Household Income

$38,333

Median Earnings

$932

Median Rent

$148,100

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Heated and cooled retail area features a 9x8 loading door with ramp and large front windows on busy IN-257.

Where is this retail space located?

The property is located at 2202 N State Rd 257 Otwell, IN.

What are key features of this property?

This property features: Retail space on busy IN‑257 with more than 6,000 vehicles passing daily; Recently remodeled interior with a large, open heated and cooled 2,112 SF retail area; Total space of 5,280 SF includes upstairs living quarters with owners suite and kitchen