Retail Convenience Store with Road
4454 N State Road 13 Highway Leesburg, IN 46538
4454 N State Road 13 Highway, Leesburg, IN, 46538
$430,000
For Sale
$430,000
COMMERCIAL - Leesburg, IN
Property Size2,080 SF
Lot Size5.80 Acres
Price / SF$206.73
Days on Market265
Property Features for 4454 N State Road 13 Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Parking features
- Off Street
- Standard status
- Active
- APN
- 43-08-23-300-147.000-023
- Lot size
- 5.80 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Metes and Bounds See Documents
- Tax Annual Amount
- 2098
Utilities
- Cooling system
- Multi Units, Central Air, Wall Unit(s)
Building Details
- Year built
- 1981
- Flooring type
- Concrete
- Roof type
- Metal
Listing Agency
Needham Moeller & Associates, LLC.
(260) 414-7015
2829 Old Pond Cove, Fort Wayne, IN
Listed by
Thomas Needham · License #RB14042587
(260) 414-7015
Added: Oct 27, 2025 Checked: Jul 18 at 6:06 am
MLS# 202543488
Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. 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.
This offering is a retail convenience store known as Triple T Outlet, featuring a mix of groceries and canned/dry goods along with pet and cleaning supplies and personal items. The building size is listed as 2,080 square feet, and the attic square footage is not included in the total offering. The business is available with or without inventory, providing flexibility for a buyer who wants to assume operations or restock for a new program. Extensive zoning information, including permitted and exception uses, is available in the supporting documents, and the buyer will be required to execute an ADR Addendum.
The property includes 200 feet of road frontage on State Road 13 Highway in Leesburg, Indiana (Kosciusko County). The listing documents also include additional information for due diligence, and a 2024/2025 tax report is available upon request.
For tenants, operators, or buyers seeking a ready-to-run retail footprint for convenience, grocery, and related retail categories, the available inventory option can help streamline your start-up timeline. The availability of zoning and exception-use documentation supports evaluating other compatible retail uses under the applicable requirements.
The property includes 200 feet of road frontage on State Road 13 Highway in Leesburg, Indiana (Kosciusko County). The listing documents also include additional information for due diligence, and a 2024/2025 tax report is available upon request.
For tenants, operators, or buyers seeking a ready-to-run retail footprint for convenience, grocery, and related retail categories, the available inventory option can help streamline your start-up timeline. The availability of zoning and exception-use documentation supports evaluating other compatible retail uses under the applicable requirements.
Key Highlights
- Commercial property with 200 ft of road frontage (Triple T Outlet) for grocery, canned/dry goods, pet/cleaning supplies, and personal items
- Available with or without inventory; total offering with inventory is $480,000 (subject to inventory audit)
- Metal roof; concrete flooring throughout
Local Financial Insights For Specialty Retail
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 | $31.2k | $15.00 |
| − Vacancy | −$1.3k | −$0.63 |
| EGI | $29.9k | $14.37 |
| − OpEx | −$7.5k | −$3.59 |
| NOI | $22.4k | $10.78 |
2,080 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$320.2K
$280.2K – $373.6K
NOI $22,417 @ 7.0% cap · market cap 5.21%
Second Best
Retail
$301.3K
$263.6K – $351.5K
NOI $21,090 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$362.4K
$317.1K – $422.8K
NOI $25,366 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Retail store with 200 feet of road frontage, offered with or without inventory for flexible convenience and grocery use.
Where is this grocery and convenience store located?
The property is located at 4454 N State Road 13 Highway Leesburg, IN.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Commercial property with 200 ft of road frontage (Triple T Outlet) for grocery, canned/dry goods, pet/cleaning supplies, and personal items; Available with or without inventory; total offering with inventory is $480,000 (subject to inventory audit); Metal roof; concrete flooring throughout
