2525 Market St Logansport, IN 46947-2068
- Outlet malls
- 33,600 SF
- 2.52 lot acres
Current Use by Public Records
- Big Lots / Discount Store / Furniture Store
Property Details for 2525 Market St
- Year built
- 1988
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.52 lot acres
- Property size
- 33,600 SF
- Property type
- Outlet malls
- APN
- 09-17-60-133-011.000-010
- APU
- 91760133011000010
Description
This exceptional multi-tenant retail property, located at 2525 E Market St in Logansport, Indiana, presents a compelling investment opportunity. The property boasts a substantial 33,600 to 34,246 square feet of retail space, situated on a generous 3.23-acre lot. Built in 1989, the center enjoys a 100% occupancy rate, anchored by a national tenant, Big Lots, which has occupied the space since 2001, and other franchise tenants. This translates to a strong and stable income stream, reflected in the attractive 7.19% capitalization rate. The asking price is $2,850,000, with a price per square foot of $83.22. The property consists of five individual units, providing flexibility for future management and leasing strategies. Its prime location on a major city thoroughfare ensures high visibility and accessibility. Furthermore, the property offers potential for future development on available outlots, presenting additional value-add opportunities for the astute investor. The property's Assessed Parcel Number (APN) is 09-17-60-133-011.000-010. This is a rare chance to acquire a well-established, high-performing retail center in a growing Indiana market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $685,000
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Location Insight
- Map
- Local Demand
- City
- Logansport
- County
- Cass
- State
- Indiana
- Longitude
- -86.3352
- Latitude
- 40.7575
- CBSA code
- 30900
- CBSA name
- LOGANSPORT, IN MICROPOLITAN STATISTICAL AREA
