Building Details

Building Size 8,400 SF

Year Built 1928

Listing Agency: F.C. Tucker Company

Listed By: Sunny Shuai

Source: Estansiongroup

Added: Jul 22, 2025 Changed: Oct 26 Last Checked: Oct 26 at 3:51PM

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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 F.C. Tucker Company

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Investment Insights

Based on property information with market context.

This mixed-use property contains three storefronts and a warehouse at the rear, with 8,400 square feet overall. Built in 1928, the building offers a combination of street-facing commercial space and warehouse area.

The property is at 1430 N Main Street in Speedway, Indiana, near the Motor Speedway.

Key Highlights

• Three storefronts with a warehouse at the rear
• 8,400 square feet of building area
• Built in 1928

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,477

Cap Rate

6.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,169,540 $1.2M

Cap Rate 7%

$835,386 $835.4K

Cap Rate 9%

$649,744 $649.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,400 SF

Gross rent

$75.6K $9.00/SF

− Vacancy

−$6.8K −$0.81/SF

EGI

$68.8K $8.19/SF

− OpEx

−$10.3K −$1.23/SF

NOI

$58.5K $6.96/SF

Area

Marion County, IN

Vacancy

9.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,169,540

Cap Rate 7%

$835,386

Cap Rate 9%

$649,744

Alternative Uses

Best Use

Retail

$1.45M

$1.26M – $1.69M (±1% cap)

NOI $101,183 @ 7.0% cap · market cap 11.26%

Second Best

Mixed Use

$1.22M

$1.06M – $1.42M (±1% cap)

NOI $85,050 @ 7.0% cap · market cap 9.46%

Theoretical Best

Specialty Retail

$2.15M

$1.88M – $2.51M (±1% cap)

NOI $150,329 @ 7.0% cap · market cap 16.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Law Firm Building Supply Spa & Massage Center Skin Care Clinic Electrical Service

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

469

Businesses Nearby

Explore this area Business Placement

Demographics for 46224, IN

38,822

Population

16,912

Households

2.3

Avg Household Size

32

Median Age

24%

College-Educated

83%

High-School Grad

7.2 sq mi

ZIP Area

5,392

Density / Sq Mi

$53,731

Median Household Income

$35,726

Median Earnings

$1,048

Median Rent

$166,500

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

Frequently Asked Questions

What type of property is this?

Mixed-use property - Three storefronts and a rear warehouse combine customer-facing space with a substantial back-of-house area.

Where is this mixed-use property located?

The property is located at 1430 N Main Street Speedway, IN.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: Three storefronts with a warehouse at the rear; 8,400 square feet of building area; Built in 1928