201 N Main St Fairmount, IN 46928
Well-maintained grocery store building with ample parking and a loading dock on more than one acre.
- Added:
- Jun 26, 2026
- Days on Market:
- 18
- Last Refresh:
- Jul 10 at 3:41 am
Property Features for 201 N Main St
General Information
- Standard status
- Active
- Size
- 10,908 SF
Listing office Nicholson Realty 2.0 LLC (765) 661-8516
Listing date Jun 26, 2026
Source Exprealty
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 Nicholson Realty 2.0 LLC
Investment Insights
Based on property information with market context.
Located on Main Street in the heart of Fairmount, Indiana, the property provides convenient access to regional destinations. It is approximately 10 minutes from Interstate 69, with Indianapolis and Fort Wayne both within an hour, and Muncie, Anderson, Kokomo, and Marion all within about 30 minutes.
Positioned on more than one acre, the building’s configuration, parking, and dock support a broad set of operating needs, whether continuing retail operations or transitioning to other commercial applications.
Key Highlights
- 10,908 SF commercial building on Main Street in Fairmount, Indiana, currently operating as a grocery store.
- Over one acre with ample parking for customers and employees.
- Loading dock for shipping and receiving.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.4k | $9.48 |
| − Vacancy | −$11.3k | −$1.03 |
| EGI | $92.1k | $8.45 |
| − OpEx | −$13.8k | −$1.27 |
| NOI | $78.3k | $7.18 |
