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    OFF-MARKET
    Strip malls

    1021 Kercher Rd, Goshen, IN 46526-5305

    11,020 SF 1.61 ac lot Built 2021
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US31-3117684
    Property summary
    AI-generated overview

    This exceptional 12,000 square foot shopping center in Goshen, Indiana, presents a compelling investment opportunity. Built in 2021, the single-story building sits on a 1.61-acre lot (APN 20-11-22-451-008.000-015) and is zoned Goshen9. Currently, 48% occupied (6,200 net rentable square feet) by two tenants under 10-year leases commencing April 20, 2023, and expiring April 20, 2033, the property offers significant upside. The existing tenants, Big C's BBQ and The Coffee Depot, contribute to a strong, established base. An additional 6,200 square feet of versatile space is available for lease, ideal for retail or office use, and easily adaptable to accommodate 2-3 additional tenants. The property benefits from its strategic location near an industrial park, established residential areas, and a planned 1,200-home subdivision, promising substantial future growth. The asking price is $1,800,000 ($150/sq ft). This high-quality, low-maintenance property offers a strong return on investment and long-term lease security. The property's prime location and development potential make it an attractive addition to any portfolio.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2021
    Construction TYPE NOT SPECIFIED
    Total area 11,020 SF
    Lot 1.61 ac (70,132 SF)
    Zoning code ZO01
    APN 20-11-22-451-008.000-015
    UPID US31-3117684
    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
    Current use
    Occupant on record · Public records
    • Big C's BBQ Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Tely LLC · 1 yrs held
    Tely LLC
    since 2024
    2 recorded transactions
    2024
    2022
    Zoning & alternative use
    ZO01 · Goshen, IN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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