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    848 Lima Rd Kendallville, IN 46755

    For Lease
    $14 SF/Yr

    Retail spaces available, prime location.

    Lot size:
    64,689 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail and restaurant property, located at 848 N Lima Road in Kendallville, Indiana (46755), presents a unique investment opportunity. The single-story, 64,689 square foot shopping center sits on a 6.16-acre lot and boasts ample paved and striped parking for approximately 350 vehicles. Currently, there are 3,685 square feet of vacant space available, divisible into units as small as 705 square feet, with a maximum contiguous space of 3,685 square feet. The property is zoned as a Neighborhood Shopping Center and features a strong tenant mix including CVS, BMV, Five Lakes Coffee, KVegas Bowl, Wings Etc., Do-It-Center, H&R Block, and Check Into Cash. Its highly visible location at the major intersection of Highways 3 and 6 ensures significant traffic exposure. The property's APN is 57-07-28-300-218.000-020

    Property Features for 848 Lima Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    64,689 SF
    Total Rate
    75470.5

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Suite 838
    Size
    1,740 SF
    Rate per SF
    $16
    Space
    Suite 832
    Size
    1,945 SF
    Rate per SF
    $16
    Space
    Suite 850
    Size
    1,100 SF
    Rate per SF
    $16
    Space
    Suite 812-C
    Size
    705 SF
    Rate per SF
    $22
    Space
    Suite 874-C
    Size
    650 SF
    Rate per SF
    $22

    HighLights

    • One‑story building.
    • Flat roof.
    • Reinforced concrete foundation.
    • Gas forced‑air heating and 100% central air conditioning.
    • Standard electrical service.
    • Partial sprinkler system.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kendallville
    County
    Noble
    State
    Indiana
    Longitude
    -85.2697007
    Latitude
    41.4539637

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    FAQs

    What type of property is this?
    Lifestyle center - Retail spaces available, prime location.
    Where is this lifestyle center located?
    The property is located at 848 Lima Rd Kendallville, IN.
    What is the lease rate?
    The lease rate is $16-$22 SF/Yr.
    What are key features of this property?
    This property features: One-story building.; Flat roof.; Reinforced concrete foundation.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    848 Lima Rd Kendallville, IN 46755
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