Main St Mitchell, IN 47446

Property Details for Main St

Year built

1972

Lot size

2.00 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a thriving three-unit shopping center strategically located on W Main Street in Mitchell, Indiana. The property sits on a generous two-acre lot and boasts a total of approximately 12,000 square feet of commercial space. Currently, two spaces are occupied by established and successful businesses: Dollar General and Sunshine Therapy. This provides a stable income stream and demonstrates the property's strong tenant appeal. The significant draw is the availability of a large vacant space, formerly a grocery store, offering substantial potential for expansion or leasing to a new tenant. This presents a unique opportunity to increase the property's value and rental income significantly. The asking price for this well-positioned, income-generating property is $1,800,000. The property's location on W Main Street ensures high visibility and accessibility, making it an attractive destination for both existing and prospective tenants. Given the current occupancy and the potential for future growth, this shopping center represents a compelling investment opportunity with strong returns. The substantial size of the vacant space allows for flexibility in tenant selection and lease terms, catering to a wide range of businesses. Serious inquiries are encouraged to explore this promising investment further. Detailed financial information and lease agreements are available upon request.

Location Insight

City

Mitchell

County

Lawrence

State

Indiana

Longitude

-86.4663

Latitude

38.7345