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Two-Building Convenience Property
For Sale
$399,000

576 W Parks Drive, Rensselaer, IN 47978

Commercial Sale, Rensselaer, IN

Property Size6,256 SF
Lot Size0.37 Acres
Price / SF$63.78
Days on Market58

Property Features for 576 W Parks Drive

General Information

Property type Commercial Sale
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
storage area with 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 19 Last Checked: Aug 21 at 1:06AM
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 totaling 6,256 square feet on 0.37 acres. The 1,256-square-foot corner building was built in 1953 and is currently leased for operation as a liquor store; the business itself is excluded from the sale. Its improvements include a walk-in cooler, forced-air heating, public water, and public sewer.

The adjacent 5,000-square-foot building provides a substantial commercial footprint with a storage area and overhead door for loading and unloading. The properties are offered together and will not be separated. Both buildings are located at 576 W Parks Drive in Rensselaer, Indiana.

Key Highlights

  • Two adjoining commercial buildings offered together as one package
  • 6,256 square feet of total building area on 0.37 acres
  • 1,256‑square‑foot corner building currently leased as a liquor store

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
Balanced
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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Similar Off Market Nearby

  • Strack & Van Til 861 S College Ave, Rensselaer, IN 47978
  • Save A Lot 396 S College Ave, Rensselaer, IN 47978

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Package sale includes a leased corner storefront and an adjoining commercial building with loading capability.
Where is this grocery and convenience store 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 together as one package; 6,256 square feet of total building area on 0.37 acres; 1,256‑square‑foot corner building currently leased as a liquor store
More about this property
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