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Property profile & analytics
OFF-MARKET
Lifestyle centers

1305 Main St Mitchell, IN 47446

29,434 SF 2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 29,434 square foot shopping center presents a compelling owner/user or redevelopment investment opportunity in Mitchell, Indiana. Located on a highly visible 2-acre lot at 1305 W Main St, this single-story, multi-tenant property boasts three units within one building. Currently, 60% occupied with a remaining lease term of 5 years on existing tenants, this NNN-leased property offers significant upside potential. Two suites are currently leased, leaving one vacant unit available for immediate occupancy. This space, previously a grocery store, features a convenient loading dock at the rear. The property's commercial zoning allows for a variety of uses, making it ideal for both established businesses and new ventures. The asking price is $1,800,000. The property's prime location on Mitchell's bustling Main Street ensures high visibility and accessibility, attracting a steady stream of potential customers. This is a rare chance to acquire a well-situated retail property in a growing Indiana market. The property's existing infrastructure and strategic location provide a solid foundation for future growth and profitability. Serious inquiries are encouraged. The property's zip code is 47446.

Property profile
Verified
Property type Lifestyle centers
Total area 29,434 SF
Lot 2 ac (87,120 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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