Leased Drug Store
For Sale
$579,000
435 E Center Road, Bourbon, IN 46504
COMMERCIAL, Bourbon, IN
Property Size8,000 SF
Lot Size1.88 Acres
Price / SF$72.38
Days on Market150
Property Features for 435 E Center Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
From US 30 take Bourbon exit to downtown Bourbon go East at stoplight one half mile to property on left.
Subdivision
Marshall County
Standard status
Active
APN
50-34-19-302-469.000-002
Lot size
1.88 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1.88 PRT SW1/4 SEC 19 COM AT NE COR SW1/4 TH N88-50-50-W 607.50' TH S0 -31-29W 29.95' TO POB TH S0-31-29W 297.74' TH N88-51-21W 211.15' TH N38-56-27W 1 82.69' ETC
Tax Annual Amount
10981
Legal Description
1.88 PRT SW1/4 SEC 19 COM AT NE COR SW1/4 TH N88-50-50-W 607.50' TH S0 -31-29W 29.95' TO POB TH S0-31-29W 297.74' TH N88-51-21W 211.15' TH N38-56-27W 1 82.69' ETC
Utilities
Cooling system
Central Air
Building Details
Year built
2007
Listing Agency:
COLLINS and CO REALTORS - PLYMOUTH
(574) 936-4444
Listed By:
Chris Collins · License #RB14008087
(574) 952-5161
Added: Apr 1
Changed: Aug 26
Last Checked: Aug 28 at 6:06PM
MLS# 202611390
Copyright © 2026 North Central Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2007, this 8,000-square-foot retail building occupies 1.88 acres at 435 E Center Road in Bourbon, Indiana. The property is fully leased to Family Dollar and features central air conditioning, on-site parking, and visibility from its road frontage.
The site is positioned in North Central Indiana between Warsaw and Plymouth, with access to the surrounding Marshall County market. The property produces a stated 10% cap rate and may fit investors evaluating a 1031 exchange, subject to the applicable transaction and tax requirements.
The site is positioned in North Central Indiana between Warsaw and Plymouth, with access to the surrounding Marshall County market. The property produces a stated 10% cap rate and may fit investors evaluating a 1031 exchange, subject to the applicable transaction and tax requirements.
Key Highlights
- 8,000 sq ft retail building on 1.88 acres
- Fully leased to Family Dollar
- Built in 2007
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Express
Shops & Services
8,433 visits/mo
0.3 miles
Family Dollar
Shops & Services
2,953 visits/mo
0.2 miles
Demographics for 46504, IN
3,241
Population
1,232
Households
2.6
Avg Household Size
38
Median Age
16%
College-Educated
87%
High-School Grad
66.6 sq mi
ZIP Area
49
Density / Sq Mi
$83,712
Median Household Income
$43,821
Median Earnings
$861
Median Rent
$169,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drug store - Fully leased retail asset with central air, on-site parking, and an established national tenant.
Where is this drug store located?
The property is located at 435 E Center Road Bourbon, IN.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 8,000 sq ft retail building on 1.88 acres; Fully leased to Family Dollar; Built in 2007
