Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4120 Market St Logansport, IN 46947

    Sponsored
    For Sale
    $2,175,000

    High-yield, 2-tenant retail center

    Property size:
    4,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Prime Logansport location, strong NOI, 7.09% cap rate. This 4,900 sq ft retail property, built in 2021, features T-Mobile and McAlister's Deli on a 1.21-acre lot with 36 parking spaces. The property boasts a 100% occupancy rate with new 10-year NNN leases including rent bumps and two 5-year options. The McAlister's Deli location includes a drive-thru. The property is strategically located on a major retail corridor, shadow-anchored by The Home Depot, and benefits from a dense trade area with strong demographics. The property offers a compelling investment opportunity with significant upside potential due to the scheduled rent increases and the strength of the tenant lineup. The property's location near other major retailers, including Walmart, Harbor Freight, and Rural King, ensures high visibility and foot traffic. The surrounding area also includes numerous residential communities, providing a substantial customer base. The property's financial performance is further enhanced by the triple-net (NNN) lease structure, minimizing landlord responsibilities and maximizing passive income. The 7.09% cap rate and $154,200 NOI make this a highly attractive investment opportunity. The asking price is $2,175,000.

    Property Features for 4120 Market St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    4,900 SF
    Lot Size
    52,708 SF

    Building Details

    Year Built
    2021
    Buildings
    1
    Stories
    1

    HighLights

    • $2,175,000 asking price for a 4,900 SF retail property in Logansport, IN.
    • 100% occupancy with T‑Mobile and McAlister's Deli on NNN leases.
    • New 10‑year leases with two 5‑year options, including scheduled rent increases.
    • Located on a high‑traffic retail corridor, outparceled to The Home Depot.
    • Strong demographics in the 5‑mile trade area, including a large residential population and high average household income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Truck Rental Center ... Truck Rental Agency Garden Center Garden Center Pro Desk at The Home ... Building Materials Store Home Services at The Home ... Contractor The Home Depot Home Improvement Store

    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
    Logansport
    County
    Cass
    State
    Indiana
    Longitude
    -86.3104155
    Latitude
    40.7590018

    Nearby Comparable

    • Contact for pricing

      Commercial Land with Signalized Entry

      Commercial land with multiple access points in Logansport, Indiana.
      240 Mall Rd, Logansport, IN 46947
      View Details
    • Contact for pricing
      1.30 Acres

      High-Traffic Walmart Outparcel

      1.3-acre land, prime retail location.
      240 Mall Rd, Logansport, IN 46947
      View Details
    • $2,495,000
      18,600 SF

      Cass County Commons - Logansport, IN

      Retail Investment: High Occupancy, Value-Add
      3900 Lexington Rd, Logansport, IN 46947
      View Details
    • $725,000

      Prime Retail Redevelopment Opportunity

      High-visibility Logansport site ideal for retail or QSR.
      3321 E Market St, Logansport, IN 46947
      View Details
    • $1,760,000
      688 SF

      Scooter’s Coffee NNN Investment

      Corporate guaranteed NNN investment with zero landlord responsibilities.
      3225 E Market St, Logansport, IN 46947
      View Details
    • $169,000

      Five-Unit Multifamily Investment Opportunity

      Five-unit building with income potential, ideal for investment.
      1220 E Market St, Logansport, IN 46947
      View Details
    • $129,900
      0.19 Acres

      Logansport Commercial Building - Great Location!

      High-traffic corner lot, ample parking, multiple bays.
      601 Market St, Logansport, IN 46947
      View Details
    • $1,000,000
      12.50 Acres

      Logansport Manufacturing Facility on 12.5 Acres

      55,696 SF manufacturing facility with office space and large parking.
      1200 W Linden Ave, Logansport, IN 46967
      View Details
    • $359,000
      19.85 Acres

      Logansport Commercial Land Development

      19.85 Acres, Prime Commercial Location
      0 Market St, Logansport, IN 46947
      View Details

    Nearby Similar for Sale

    • $1,000,000
      12.50 Acres

      Logansport Manufacturing Facility on 12.5 Acres

      55,696 SF manufacturing facility with office space and large parking.
      1200 W Linden Ave, Logansport, IN 46967
      View Details
    • $1,760,000
      688 SF

      Scooter’s Coffee NNN Investment

      Corporate guaranteed NNN investment with zero landlord responsibilities.
      3225 E Market St, Logansport, IN 46947
      View Details
    • $169,000

      Five-Unit Multifamily Investment Opportunity

      Five-unit building with income potential, ideal for investment.
      1220 E Market St, Logansport, IN 46947
      View Details
    • $129,900
      0.19 Acres

      Logansport Commercial Building - Great Location!

      High-traffic corner lot, ample parking, multiple bays.
      601 Market St, Logansport, IN 46947
      View Details
    • $2,495,000
      18,600 SF

      Cass County Commons - Logansport, IN

      Retail Investment: High Occupancy, Value-Add
      3900 Lexington Rd, Logansport, IN 46947
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-yield, 2-tenant retail center
    Where is this lifestyle center located?
    The property is located at 4120 Market St Logansport, IN.
    What is the asking price?
    The asking price for this property is $2,175,000.
    What are key features of this property?
    This property features: $2,175,000 asking price for a 4,900 SF retail property in Logansport, IN.; 100% occupancy with T-Mobile and McAlister's Deli on NNN leases.; New 10-year leases with two 5-year options, including scheduled rent increases.
    Request Owner's contact information
    4120 Market St Logansport, IN 46947
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4120 Market St
    Logansport, IN 46947
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4120 Market St Logansport, IN 46947
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.