Convenience Store with
For Sale
$575,000
157 W MAIN Street, Gas City, IN 46933
Customers can enter on foot or use the drive-through, with rear storage and a separate overhead loading door.
Property Size3,080 SF
Price / SF$186.69
Days on Market10
Property Features for 157 W MAIN Street
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Road Access
Yes
Convenience Store
Yes
Currently Operating
Yes
Amenities
drive-thru
storage loft
overhead door
Building Details
Year Built
1910
Buildings
1
Listing Agency:
RE/MAX Realty One
Listed By:
Lou Ann Laduct
(574) 270-0037
Source:
Jmrealtyonline
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:02PM
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 RE/MAX Realty One
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,080-square-foot convenience store, built in 1910, accommodates both walk-in and drive-through customers. The building includes rear storage, a loft, and a separate overhead door for loading. The sale includes furnishings, fixtures, equipment, and inventory.
Included equipment ranges from registers and security cameras to two microwaves, two ice makers, a pizza oven, a cookie oven, a slushie machine, tables, coffee and cappuccino machines, and a hot cheese machine. The property is on Main Street in Gas City, Indiana.
Included equipment ranges from registers and security cameras to two microwaves, two ice makers, a pizza oven, a cookie oven, a slushie machine, tables, coffee and cappuccino machines, and a hot cheese machine. The property is on Main Street in Gas City, Indiana.
Key Highlights
- 3,080‑square‑foot convenience store built in 1910
- Walk‑in and drive‑through customer access
- Rear storage area with loft
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
Yes
Paved road access
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 - Customers can enter on foot or use the drive-through, with rear storage and a separate overhead loading door.
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 convenience store built in 1910; Walk‑in and drive‑through customer access; Rear storage area with loft
