Updated Retail
For Sale
Contact for pricing
45 E Main Street, Jamestown, IN 46147
The suite includes refreshed interior finishes, HVAC, a bathroom, and loading access.
Property Size3,456 SF
Price / SF$0.14
Days on Market73
Property Features for 45 E Main Street
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
updated interior finishes
new HVAC system
one bathroom
loading access
Listing Agency:
Compass Indiana, LLC
(317) 563-5051
Listed By:
Kendrick Davis · License #RB15000562
(317) 650-3214
Source:
Locksteprealty
Added: Aug 21
Changed: Oct 28
Last Checked: Oct 31 at 10:45PM
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 Compass Indiana, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 45 E Main Street in Jamestown, this retail/office suite offers 900 square feet with updated interior finishes, a new HVAC system, and one bathroom. The building’s first floor totals 3,456 square feet, with an additional 2,556 square feet available for negotiation for storage, expansion, or future buildout.
The property is positioned at the intersection of US 75 and 136, with parking and loading access.
The property is positioned at the intersection of US 75 and 136, with parking and loading access.
Key Highlights
- 900 square feet of retail/office space
- Updated interior finishes and a new HVAC system
- One bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,105
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,100
$222.1K
Cap Rate 7%
$158,643
$158.6K
Cap Rate 9%
$123,389
$123.4K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$17.0K $4.92/SF
− Vacancy
−$1.1K −$0.33/SF
EGI
$15.9K $4.59/SF
− OpEx
−$4.8K −$1.38/SF
NOI
$11.1K $3.21/SF
Area
Boone County, IN
Vacancy
6.70%
Lease Rate
$4.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,100
Cap Rate 7%
$158,643
Cap Rate 9%
$123,389
Alternative Uses
Best Use
Retail
$158.6K
$138.8K – $185.1K
NOI $11,105 @ 7.0% cap · market cap 2,221.00%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.78M
$2.43M – $3.25M
NOI $194,798 @ 7.0% cap · market cap 38,959.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,409 visits/mo
0.3 miles
Marathon Petroleum
Shops & Services
1,635 visits/mo
0.1 miles
Demographics for 46147, IN
2,681
Population
1,016
Households
2.6
Avg Household Size
43
Median Age
23%
College-Educated
94%
High-School Grad
56.8 sq mi
ZIP Area
47
Density / Sq Mi
$72,031
Median Household Income
$46,506
Median Earnings
$956
Median Rent
$213,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The suite includes refreshed interior finishes, HVAC, a bathroom, and loading access.
Where is this retail space located?
The property is located at 45 E Main Street Jamestown, IN.
What are key features of this property?
This property features: 900 square feet of retail/office space; Updated interior finishes and a new HVAC system; One bathroom
