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Corner Storefront Property Package
For Sale
$399,000

576 W Parks Drive, Rensselaer, IN 47978

SINGLE_FAMILY - Rensselaer, IN

Property Size6,256 SF
Lot Size0.37 Acres
Price / SF$63.78
Days on Market48

Property Features for 576 W Parks Drive

General Information

Property type Residential
Property subtype Retail
Zoning description Business
Parking 5
Lot features Corner Lot
View City
Directions SR 10 East to SR 231. Follow SR 231 South through downtown Rensselaer. Property is just before the light at Parks Dr; situated on east side of 231.
Standard status Active
APN 370730000004081027
Size 6,256 SF
Lot size 0.37 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description COLLEGE PARK LOT 1 LOT 2 EXC. N 7'
Tax Annual Amount 1074
Legal Description COLLEGE PARK LOT 1 LOT 2 EXC. N 7'

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Amenities

walk-in cooler
spacious storage area with an overhead door

Building Details

Year built 1953
Listing Agency: RE/MAX Executives · RE/MAX International
Listed By: Nicole Mathew · License #RB15000337
Added: Jun 25 Changed: Aug 3 Last Checked: Aug 11 at 6:06PM
MLS# 841225

Copyright © 2026 Greater Northwest 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.

This package includes two adjoining commercial buildings at 576 W Parks Drive in Rensselaer, Indiana. The 1,256-square-foot storefront occupies a corner lot, is currently leased for liquor-store operations, and includes a walk-in cooler. The liquor-store business is excluded from the sale; the offering consists of the real estate.

The adjoining 5,000-square-foot commercial building adds a separate storage area and overhead door for loading and unloading. Together, the buildings contain 6,256 square feet on approximately 0.37 acres and are available only as a combined sale. The property was built in 1953 and has forced-air heat, public water, and public sewer.

Key Highlights

  • Two adjoining commercial buildings offered only as a combined package
  • Total building area of 6,256 square feet on 0.37 acres
  • 1,256‑square‑foot leased storefront with walk‑in cooler

Property Analytics

Current Use

Southside Package Store (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Barber Shop Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

497
Businesses Nearby
Under-served
Demand for This Use

Demographics for 47978, IN

10,815
Population
4,355
Households
2.5
Avg Household Size
42
Median Age
18%
College-Educated
91%
High-School Grad
263.7 sq mi
ZIP Area
41
Density / Sq Mi
$71,359
Median Household Income
$35,486
Median Earnings
$867
Median Rent
$180,900
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Storefront property - Two adjoining commercial buildings are offered together, including a leased liquor-store building and a second structure with loading access.
Where is this storefront property located?
The property is located at 576 W Parks Drive Rensselaer, IN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two adjoining commercial buildings offered only as a combined package; Total building area of 6,256 square feet on 0.37 acres; 1,256‑square‑foot leased storefront with walk‑in cooler
More about this property
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