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    524 5Th St Rockport, IN 47635

    Sponsored
    For Sale
    $125,000

    15,000 SF Vacant Storefront, Redevelopment Opportunity

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15,000 square foot vacant storefront, situated within a shopping center, presents a compelling redevelopment opportunity in Rockport, Indiana. Listed at $125,000, this property boasts significant potential for a variety of commercial uses. The building, constructed in 1960, sits on a 0.54-acre lot and features ample parking with 40 spaces. Its Commercial zoning allows for diverse development options. The property's convenient location offers easy access to key transportation arteries, including proximity to Indiana State Road 66 (0.4 miles) and US Highway 231 (1.7 miles), providing excellent visibility and accessibility. The surrounding area is home to a variety of established businesses, including Darlena's Lincolnland, Christian Resource Center, Mulzer Crushed Stone, Guisewhite Automotive, and Dollar General, creating a vibrant commercial environment. The property's APN is 74-15-23-304-020.000.018. This is a rare chance to acquire a substantial retail space in a growing area, ideal for investors seeking a high-return project or entrepreneurs looking to establish a flagship location. The property's size and location make it suitable for a wide range of commercial ventures. Don't miss this chance to capitalize on this prime Rockport real estate.

    Property Features for 524 5Th St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    15,000 SF
    Lot Size
    23,522 SF

    Building Details

    Year Built
    1960
    Buildings
    1

    HighLights

    • $125,000 asking price for this vacant 15,000 square foot retail storefront and shopping center.
    • Located at 524 N 5th St, Rockport, IN 47635 (APN: 74‑15‑23‑304‑020.000.018).
    • Situated on a 0.54‑acre lot with 40 parking spaces.
    • Built in 1960, this property is zoned commercial and offers redevelopment potential.
    • Excellent location, 0.4 miles from IN‑66 and 1.7 miles from US‑231 (KY access).
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Spencer
    State
    Indiana
    Longitude
    -87.05011967
    Latitude
    37.88805517

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Lifestyle center - 15,000 SF Vacant Storefront, Redevelopment Opportunity
    Where is this lifestyle center located?
    The property is located at 524 5Th St Rockport, IN.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: $125,000 asking price for this vacant 15,000 square foot retail storefront and shopping center.; Located at 524 N 5th St, Rockport, IN 47635 (APN: 74-15-23-304-020.000.018).; Situated on a 0.54-acre lot with 40 parking spaces.
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    524 5Th St Rockport, IN 47635
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    Rockport, IN 47635
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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
    524 5Th St Rockport, IN 47635
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