105 W Division St Remington, IN 47977
Property Lookup
Property profile & analytics
105 W Division St Remington, IN 47977
- Retail space
- 8,840 SF
- 0.45 lot acres
Property ID
US31-2696038
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
- FedEx OnSite / Postal Service / Courier Service
- Western Union / Bank / Credit Union
Property Details for 105 W Division St
- Year built
- 2013
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.45 lot acres
- Property size
- 8,840 SF
- Zone code
- BUFF
- Property type
- Retail space
- APN
- 37-02-30-000-009.054-003
- APU
- 370230000009054003
Description
This exceptional investment opportunity presents a freestanding Dollar General Plus store, number 13100, located at 105 W Division St, Remington, IN 47977. The property boasts 8,840 square feet on a 0.45-acre lot and is situated in a prime location near a popular Interstate 65 exit, conveniently positioned between Indianapolis and Chicago. The single-tenant, 100% occupied property operates under a Net Net Net (NNN) lease with a remaining term of 10 years, commencing January 31, 2012. The lease includes three, five-year options with a 10% rental increase in each. The current annual net operating income (NOI) is $84,744, representing a 6.00% capitalization rate on the asking price of $1,412,400. This Dollar General Plus store is larger than a traditional location, featuring expanded cooler/freezer capacity for increased perishable inventory. The strong demographics within a 5-mile radius, boasting an average household income of $73,026, further enhance the investment's appeal. The corporate-guaranteed lease ensures minimal landlord responsibilities, making this a low-maintenance, high-return investment. The property is a one-story building. Dollar General Corporation holds a "BBB" rating from S&P. This location represents a relocation and expansion of an existing store, demonstrating the company's commitment to the Remington community. The property is approximately a 90-minute drive from Chicago.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $640,000 Current use
- COMMERCIAL (GENERAL)
- $875,000 Change: +37% Conversion: Easy
- RESTAURANT
- $785,000 Change: +23% Conversion: Easy
- MEDICAL BUILDING
- $680,000 Change: +6% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $650,000 Change: +1% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $610,000 Change: -5% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $535,000 Change: -16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Remington
- County
- Jasper
- State
- Indiana
- Longitude
- -87.1528
- Latitude
- 40.7656
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI 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
$12,279
$209,700
$813,500
$1,023,200
-
$209,700
$813,500
$1,023,200
