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1111 N Park Ave Alexandria, IN 46001

Strip malls Google Maps
10,000 SF 1.23 ac lot Built 2005
Entity Owned Absentee Owner Free & Clear
1111 N Park Ave, Alexandria, IN 46001 For Lease
Contact for pricing
1111 N Park Ave, Alexandria, IN 46001
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Estimated value (blended)
$350k
Range $315k – $385k (±10%)
Property ID US31-0879455

Property summary

AI-generated overview

McBride Commons offers a fantastic retail opportunity in Alexandria, Indiana. This Class B property, located at 1111 N Park Ave (Park Avenue & Taylor Street), features a single-story building totaling 10,049 square feet, currently divided into three suites. A highly visible 1,896 square foot storefront is immediately available, representing the entire vacant space within the building. The property is conveniently situated on a major thoroughfare, anchored by O'Reilly Auto Parts, ensuring high traffic and excellent visibility for your business. There are no elevators in the building. The minimum divisible space is 1,896 square feet, and the maximum contiguous space available is also 1,896 square feet. This presents a unique chance to establish a strong presence in a thriving Alexandria, IN, submarket. The property's address is 1111 N Park Ave, Alexandria, IN 46001. This location offers exceptional accessibility and exposure for your retail venture. The property is ideal for a variety of retail uses and provides a ready-to-occupy space. Don't miss this opportunity to secure a prime retail location in a high-traffic area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Construction WOOD
Total area 10,000 SF
Lot 1.23 ac (53,535 SF)
APN 48-06-18-200-051.000-022
UPID US31-0879455

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Auto Parts Store
  • Insurance Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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