1305 Main St Mitchell, IN 47446
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.