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    52 And 600 New Palestine, IN 46163

    Sponsored
    For Lease
    Contact for pricing

    7,000 SF Retail Space Available

    Lot size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,000 square foot retail property, built in 2021, is situated at the northeast corner of US Highway 52 and 600 West in New Palestine, Indiana, zip code 46163. The property sits on a 1.96-acre lot and is zoned for commercial use. Multiple spaces are available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 43,996 square feet. Currently, the entire 7,000 square feet is vacant, presenting a unique opportunity for a single tenant or multiple businesses. The location benefits from high traffic counts due to its position on a main thoroughfare and proximity to a future I-70/I-74/I-69 connector corridor. This rapidly growing area boasts a significant expansion of the local high school ($50 million renovation and expansion, projected 200% enrollment growth), a newly constructed intermediate school, and over 500 new housing lots scheduled for development. A newly constructed 108,000 square foot, $40 million health and wellness center is also adjacent to the property, further enhancing its desirability and potential. This prime retail location offers unparalleled potential for businesses seeking to capitalize on the substantial growth and development within Hancock County.

    Property Features for 52 And 600

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,000 SF

    Building Details

    Year Built
    2021

    Unit(s) available at that property

    Space
    W US HWY 52 Rear
    Size
    7,000 SF
    Space
    Lot 1
    Size
    44,027 SF
    Space
    Lot 2
    Size
    41,598 SF

    HighLights

    • A‑rated school system with significant growth.
    • $50M high school renovation and expansion underway, fueling 200% projected enrollment increase.
    • New intermediate school built within the last three years.
    • High‑growth area with significant new development.
    • Over 500 new residential lots planned for 2021, with adjacent housing development.
    • New 108,000 SF, $40M health and wellness center on a major city thoroughfare.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    New Palestine
    County
    Hancock
    State
    Indiana
    Longitude
    -85.91370963
    Latitude
    39.72683252

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    Nearby Similar for Lease

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      14,250 SF

      Upscale Health and Wellness Center

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    FAQs

    What type of property is this?
    Individual retail property - 7,000 SF Retail Space Available
    Where is this individual retail property located?
    The property is located at 52 And 600 New Palestine, IN.
    What are key features of this property?
    This property features: A-rated school system with significant growth.; $50M high school renovation and expansion underway, fueling 200% projected enrollment increase.; New intermediate school built within the last three years.
    Request Owner's contact information
    52 And 600 New Palestine, IN 46163
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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
    52 And 600 New Palestine, IN 46163
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