High-Frontage Grocery Retail
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 Market269
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
- Central Air, Multi Units, Wall Unit(s)
Building Details
- Year built
- 1981
- Flooring type
- Concrete
- Roof type
- Metal
Listing agency
Needham Moeller & Associates, LLC.
(260) 414-7015
Listed by
Thomas Needham · License #RB14042587
(260) 414-7015
Added: Oct 27, 2025 Updated: Jul 21 at 11:07AM Checked: Jul 22 at 10:06AM
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.
Investment Insights
Based on property information with market context.
This grocery and convenience retail outlet at Triple T Outlet includes offerings focused on groceries, canned and dry goods, pet and cleaning supplies, and personal items. The property is available with or without inventory, and the listing notes that total offering including inventory is subject to an inventory audit. The building includes 2,080 square feet of stated space, and the listing indicates that attic square footage is not included in the total.
The site includes approximately 5.803 acres and features about 200 feet of road frontage along State Road 13. Additional extensive information, including permitted and exception zoning uses, is available in the provided documents. Buyers are instructed to execute an ADR addendum, and the 2024/2025 tax report is available upon request.
The site includes approximately 5.803 acres and features about 200 feet of road frontage along State Road 13. Additional extensive information, including permitted and exception zoning uses, is available in the provided documents. Buyers are instructed to execute an ADR addendum, and the 2024/2025 tax report is available upon request.
Key Highlights
- 200 feet of road frontage for a “Triple T Outlet” retail offering
- Available with or without inventory; total offering with inventory is $480,000 (subject to inventory audit)
- Metal roof and concrete flooring
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 - Grocery and convenience retail outlet with approximately 200 feet of road frontage and space to accommodate daily essentials.
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: 200 feet of road frontage for a “Triple T Outlet” retail offering; Available with or without inventory; total offering with inventory is $480,000 (subject to inventory audit); Metal roof and concrete flooring
