Convenience Store with Road
For Sale
$375,000
4454 N State Road 13 Highway, Leesburg, IN 46538
COMMERCIAL, Leesburg, IN
Property Size2,080 SF
Lot Size5.80 Acres
Price / SF$180.29
Days on Market356
Property Features for 4454 N State Road 13 Highway
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Off Street
Lot features
Commercial, Rural
Directions
South of North Webster, IN on East side of N State Road 13
Subdivision
Kosciusko County
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
Legal Description
Metes and Bounds See Documents
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.
Listed By:
Thomas Needham · License #RB14042587
(260) 414-7015
Added: Oct 27, 2025
Changed: Oct 16
Last Checked: Oct 17 at 4:06AM
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.
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Investment Insights
Based on property information with market context.
This convenience-oriented retail property includes a 2,080-square-foot building on 5.803 acres, with a metal roof, concrete flooring, off-street parking, and 200 feet of road frontage. Cooling includes wall units, central air, and multiple cooling units. The building was constructed in 1981, and an attic is excluded from the reported building area.
The property is located at 4454 N State Road 13 Highway in Leesburg, Indiana. Existing merchandise categories include groceries, canned goods, dry goods, pet and cleaning supplies, and personal items. The offering can be structured with or without inventory and contents, providing flexibility for the purchaser. Additional information regarding permitted and exception zoning uses is available in the property documents.
The property is located at 4454 N State Road 13 Highway in Leesburg, Indiana. Existing merchandise categories include groceries, canned goods, dry goods, pet and cleaning supplies, and personal items. The offering can be structured with or without inventory and contents, providing flexibility for the purchaser. Additional information regarding permitted and exception zoning uses is available in the property documents.
Key Highlights
- 5.803‑acre retail property at 4454 N State Road 13 Highway, Leesburg, IN 46538
- 2,080 SF building; attic area is excluded from the reported square footage
- 200 feet of road frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,417
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,340
$448.3K
Cap Rate 7%
$320,243
$320.2K
Cap Rate 9%
$249,078
$249.1K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$31.2K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$29.9K $14.37/SF
− OpEx
−$7.5K −$3.59/SF
NOI
$22.4K $10.78/SF
Area
Kosciusko County, IN
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,340
Cap Rate 7%
$320,243
Cap Rate 9%
$249,078
Alternative Uses
Best Use
Specialty Retail
$320.2K
$280.2K – $373.6K
NOI $22,417 @ 7.0% cap · market cap 5.98%
Second Best
Retail
$301.3K
$263.6K – $351.5K
NOI $21,090 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$362.4K
$317.1K – $422.8K
NOI $25,366 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,138 visits/mo
0.4 miles
Demographics for 46538, IN
4,047
Population
2,783
Households
1.5
Avg Household Size
46
Median Age
31%
College-Educated
95%
High-School Grad
32.0 sq mi
ZIP Area
126
Density / Sq Mi
$86,923
Median Household Income
$41,177
Median Earnings
$954
Median Rent
$258,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established retail building with merchandise space, off-street parking, and flexible inventory options.
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 $375,000.
What are key features of this property?
This property features: 5.803‑acre retail property at 4454 N State Road 13 Highway, Leesburg, IN 46538; 2,080 SF building; attic area is excluded from the reported square footage; 200 feet of road frontage
