101 N State St Lizton, IN 46149
Property Lookup
Property profile & analytics
101 N State St Lizton, IN 46149
- Outlet malls
- 9,504 SF
- 1.37 lot acres
Property ID
US31-1737210
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
- FedEx OnSite / Postal Service / Courier Service
Property Details for 101 N State St
- Year built
- 2011
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.37 lot acres
- Property size
- 9,504 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 32-03-28-316-005.000-021
- APU
- 320328316005000021
Description
This fee-simple retail property offers a compelling investment opportunity. Located at 101 N State St, Lizton, IN 46149, this 9,026 square foot Dollar General store sits on a 1.37-acre lot in Hendricks County, a rapidly growing area within the Indianapolis MSA. Built in 2011, the property boasts a 100% occupancy rate with a NNN lease in place, expiring June 29, 2026, leaving zero landlord responsibilities. The current annual rent is $80,442.58, with a 10% increase scheduled in approximately three years, and further 10% increases at each five-year renewal option. The lease is corporately guaranteed by Dollar General Corporation, holding an investment-grade credit rating of BBB. The property's strong performance is further supported by a 6.80% cap rate. This prime location at a main intersection in Lizton, Indiana, combined with the long-term lease and built-in rent escalations, presents a stable and appreciating asset with significant potential for future growth. The lease commenced June 30, 2012, and offers a remaining term of three years. This is a rare opportunity to acquire a well-performing, low-maintenance retail investment in a high-growth market. Place AI ranks this as the best Dollar General location in Hendricks County and in the top 70% in Indiana. Asking price is $1,185,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $355,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $790,000
Market price range: $273k - $957k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $570,000 Current use
- RESTAURANT
- $920,000 Change: +61% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $770,000 Change: +35% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $750,000 Change: +31% Conversion: Easy
- AUTO REPAIR, GARAGE
- $640,000 Change: +12% Conversion: Difficult
- MEDICAL BUILDING
- $555,000 Change: -3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lizton
- County
- Hendricks
- State
- Indiana
- Longitude
- -86.5418
- Latitude
- 39.8839
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$21,685
$251,700
$722,400
$974,100
-
$251,700
$722,400
$974,100
