Drive-Through Convenience
157 W MAIN Street, Gas City, IN 46933
For Sale
$575,000
COMMERCIAL, Gas City, IN
Property Size3,080 SF
Lot Size0.13 Acres
Price / SF$186.69
Days on Market48
Property Features for 157 W MAIN Street
General Information
Property type
Property subtype
Parking features
Fencing
Lot features
Directions
Subdivision
Standard status
APN
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Building Details
Year built
Flooring type
Roof type
Buildings
Listing Agency:
RE/MAX Realty One · RE/MAX International
(765) 454-7300
Listed By:
Lou Ann Laduct
(574) 270-0037
Added: Sep 24
Changed: Oct 27
Last Checked: Nov 10 at 3:06AM
MLS# 202639550
Copyright © 2026 REALTORS Association of Central Indiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This operating convenience store occupies a 3,080-square-foot building on a 0.13-acre parcel at 157 W Main Street in Gas City. The layout includes a rear storage room, a loft and a separate overhead door for loading. Central air and concrete flooring are in place; the building dates to 1910.
The sale includes furnishings, fixtures, equipment and inventory. Equipment includes registers, a security camera system, two microwaves, two ice makers, a pizza oven, a cookie oven, a slushie machine, tables, coffee and cappuccino machines, a hot cheese machine and a TV.
The sale includes furnishings, fixtures, equipment and inventory. Equipment includes registers, a security camera system, two microwaves, two ice makers, a pizza oven, a cookie oven, a slushie machine, tables, coffee and cappuccino machines, a hot cheese machine and a TV.
Key Highlights
- 3,080‑square‑foot operating convenience store with drive‑through and walk‑in service
- 0.13‑acre parcel at 157 W Main Street in Gas City
- Rear storage room, loft and separate overhead loading door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,871
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,420
$837.4K
Cap Rate 7%
$598,157
$598.2K
Cap Rate 9%
$465,233
$465.2K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$58.4K $18.96/SF
− Vacancy
−$2.6K −$0.83/SF
EGI
$55.8K $18.13/SF
− OpEx
−$14.0K −$4.53/SF
NOI
$41.9K $13.59/SF
Area
Grant County, IN
Vacancy
4.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,420
Cap Rate 7%
$598,157
Cap Rate 9%
$465,233
Alternative Uses
Best Use
Specialty Retail
$598.2K
$523.4K – $697.9K
NOI $41,871 @ 7.0% cap · market cap 7.28%
Second Best
Retail
$413.4K
$361.7K – $482.3K
NOI $28,938 @ 7.0% cap · market cap 5.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 14%
Electronics 2%
Circle K
Shops & Services
9,324 visits/mo
0.4 miles
Gas City
Shops & Services
8,772 visits/mo
0.3 miles
Phillips 66
Shops & Services
6,169 visits/mo
0.1 miles
Pizza King
Dining
4,182 visits/mo
0.2 miles
Verizon
Electronics
483 visits/mo
0.2 miles
Demographics for 46933, IN
6,617
Population
2,939
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
91%
High-School Grad
11.0 sq mi
ZIP Area
602
Density / Sq Mi
$59,398
Median Household Income
$34,267
Median Earnings
$858
Median Rent
$123,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Rear storage, a loft and a separate overhead loading door provide dedicated space for inventory and deliveries.
Where is this grocery and convenience store located?
The property is located at 157 W MAIN Street Gas City, IN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,080‑square‑foot operating convenience store with drive‑through and walk‑in service; 0.13‑acre parcel at 157 W Main Street in Gas City; Rear storage room, loft and separate overhead loading door
