Neighborhood Shopping Center Outlots
For Sale
Contact for pricing
1302 Minnich Road, New Haven, IN 46774
Neighborhood shopping center with outlots, ideal for retailers.
Property Size79,422 SF
Price / SF$0.00
Days on Market328
Property Features for 1302 Minnich Road
General Information
Standard status
Active
Size
79,422 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
79,422 SF
Year Built
1977
Properties For Sale
at 1302 Minnich Road Contact us1310B
Size
9,000 SF
Type
Neighborhood Center
Term
Negotiable
1312A
Size
2,374 SF
Type
Neighborhood Center
Term
Negotiable
Listing Agency:
SVN | Parke Group
Listed By:
Diana Parent, CCIM · License #RB14025581
(260) 489-8500
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 15
Last Checked: Oct 14 at 8:03PM
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 SVN | Parke Group
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Investment Insights
Based on property information with market context.
This neighborhood shopping center is located at the US30 exit of I-469, providing easy access to highways and the surrounding community. The property, a well-known neighborhood shopping center, includes three outlots available for sale. The location is suitable for retailers seeking visibility and ample parking. Historically, the center has served as a community anchor, with recent adjacent developments including office, retail, hospitality, multi-family, and single-family properties, as well as the Lutheran Health Network expansion. Major tenants include Lutheran Health Network, Hoosier Park, Dollar General, and Fresenius Medical Care. The center has been recently renovated and offers excellent location and visibility, a hard corner with undeveloped outlots, and ample parking. The property size is 79422 square feet.
Key Highlights
- Excellent location with very easy access to highways (I‑469, US30) and the community.
- Hard corner with undeveloped outlots available for sale, ideal for retailers.
- Well‑known neighborhood shopping center with high visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$747,202
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,944,040
$14.9M
Cap Rate 7%
$10,674,314
$10.7M
Cap Rate 9%
$8,302,244
$8.3M
Market Conditions
NOI Build-Up for 79,422 SF
Gross rent
$1.19M $15.00/SF
− Vacancy
−$123.9K −$1.56/SF
EGI
$1.07M $13.44/SF
− OpEx
−$320.2K −$4.03/SF
NOI
$747.2K $9.41/SF
Area
Allen County, IN
Vacancy
10.40%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,944,040
Cap Rate 7%
$10,674,314
Cap Rate 9%
$8,302,244
Alternative Uses
Best Use
Retail
$10.67M
$9.34M – $12.45M
NOI $747,202 @ 7.0% cap · market cap 4,981,346.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.31M
$16.02M – $21.36M
NOI $1,281,406 @ 7.0% cap · market cap 8,542,706.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 34%
Hotels & Casinos 5%
Marathon Petroleum
Shops & Services
7,170 visits/mo
0.2 miles
Sunoco
Shops & Services
5,811 visits/mo
0.4 miles
Pizza Hut
Dining
5,083 visits/mo
0.3 miles
Dollar General
Shops & Services
4,578 visits/mo
0.0 miles
KFC
Dining
3,412 visits/mo
0.4 miles
Demographics for 46774, IN
17,341
Population
7,287
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
52.7 sq mi
ZIP Area
329
Density / Sq Mi
$70,758
Median Household Income
$44,034
Median Earnings
$961
Median Rent
$169,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood shopping center with outlots, ideal for retailers.
Where is this shopping center located?
The property is located at 1302 Minnich Road New Haven, IN.
What are key features of this property?
This property features: Excellent location with very easy access to highways (I‑469, US30) and the community.; Hard corner with undeveloped outlots available for sale, ideal for retailers.; Well‑known neighborhood shopping center with high visibility.
