123 Main St Delphi, IN 46923-1522

Property Details for 123 Main St

Year built

1982

Construction

WOOD

Lot size

0.11 lot acres

Property size

4,526 SF

Property type

Commercial real estate

APN

08-06-29-020-041.000-007

APU

80629020041000007

Description

This established grocery store in Delphi, Indiana, presents a unique owner-user investment opportunity. Located at 123 E Main St, 46923, this 13,367 square foot retail space boasts strong financial performance. The 2023 sales totaled $2,299,968, generating a gross profit of $578,953 and a net profit of $72,000 after operating expenses of $507,410. Projected 2024 sales are estimated at $2,525,323, with a projected net profit of $156,028. Renovated in 2004, the property includes a wide array of offerings, including a hot and cold deli, beer and wine selections, tobacco products, and convenient services such as Western Union and money orders. The store also features locally sourced products, enhancing its community appeal. An appraisal conducted on February 26, 2023, valued the real property at $645,000, fixtures, furniture, and equipment (FFE) at $236,500, and goodwill/blue sky at $145,000, resulting in a going concern value of $1,026,500. This asking price excludes inventory, valued at approximately $250,000 (daily fluctuations apply). The store operates daily from 7 AM to 9 PM, serving as a community staple. This presents a compelling opportunity for an owner-operator to acquire a profitable and well-established business in a charming neighborhood.

Location Insight

City

Delphi

County

Carroll

State

Indiana

Longitude

-86.6732

Latitude

40.5867

CBSA code

29200

CBSA name

LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments