1540 S Washington St, Crawfordsville, IN 47933

Building Details

Year Built

1998

Listing office Marcus & Millichap - Indianapolis n***@marcusmillichap.com Show Phone

Listing date Jun 17, 2026

Source Crexi

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Overview

This 6,500 square foot retail strip center is 100% occupied with three tenants, anchored by Jimmy John’s and AT&T. The property is structured with triple net leases covering 85% of the GLA, with the remaining 15% not currently under triple net. The center benefits from scheduled base term increases, including AT&T and Xing Li, while Jimmy John’s has an increase pending renewal.

The property is located along U.S. 231 in Crawfordsville, Indiana, within a dense retail corridor that includes national retailers such as Kroger, Rent-a-Center, Applebee’s, McDonald’s, Starbucks, Burger King, Domino’s, and Arby’s in the surrounding area. It is adjacent to AMC Theatre and Goodwill, and additional retailers listed down the street include Walmart, Home Depot, Runnings, Culver’s, Buffalo Wild Wings, and Aldi.

For buyers seeking an income-producing retail asset, the tenancy is anchored by recognizable brands and includes 87% of the GLA leased through at least 2029, with zero rollover until at least 2028. The property is offered for sale at an 8.00% cap rate, with additional rent growth potential scheduled for 2027 as base term increases take effect.

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

Location Insight

• Map
• Local Demand

City

Crawfordsville

County

Montgomery

State

Indiana

Longitude

-86.903185

Latitude

40.02214

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FAQs

What type of property is this?

Strip mall - Six-thousand-plus square foot strip center anchored by Jimmy John’s and AT&T with 100% occupancy under triple-net leases.

Where is this strip mall located?

The property is located at 1540 S Washington St Crawfordsville, IN.

What is the asking price?

The asking price for this property is $869,000.

What are key features of this property?

This property features: 6,500 SF retail strip center in Crawfordsville, IN anchored by Jimmy John’s and AT&T; 100% occupied with three tenants; triple‑net leases cover 85% of GLA; Strong 8.00% cap rate reported; potential upside to convert the remaining 15% to triple‑net