1121 Market St Logansport, IN 46947-3561
Property profile & analytics
1121 Market St Logansport, IN 46947-3561
- Turn key restaurants
- 4,270 SF
- 0.97 lot acres
Property ID
US31-1433687
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
- Hardee's / Restaurant / Take-out & Catering
Property Details for 1121 Market St
- Year built
- 1986
- Lot size
- 0.97 lot acres
- Property size
- 4,270 SF
- Property type
- Turn key restaurants
- APN
- 09-17-44-436-002.000-010
- APU
- 91744436002000010
Description
This exceptional investment opportunity presents a 4,270 square foot Hardee's restaurant located at 1121 E Market St, Logansport, Indiana, 46947. The property boasts a 20-year absolute triple net (NNN) lease with Midwest First Star, Inc., a franchisee operating 31 locations across Indiana, Ohio, and Kentucky, providing a strong parent company guarantee. Built in 2020, this well-maintained building features a drive-thru and benefits from a 6.5% rent increase every five years, offering a strong hedge against inflation. The current annual net operating income (NOI) is $110,000, resulting in a 6.29% cap rate. The asking price is $1,750,000, translating to $409.84 per square foot. The 0.96-acre lot is situated two blocks from E Broadway, Logansport's main thoroughfare, and enjoys limited fast-food competition. The lease includes four 5-year renewal options, ensuring long-term stability and predictable cash flow. This is a turnkey investment with zero landlord responsibilities, making it an attractive opportunity for passive income generation. The property's strong tenant, favorable lease terms, and prime location make it a compelling investment prospect. The 100% occupancy rate further underscores the property's value and potential for continued success.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Logansport
- County
- Cass
- State
- Indiana
- Longitude
- -86.3551
- Latitude
- 40.7543
- CBSA code
- 30900
- CBSA name
- LOGANSPORT, IN MICROPOLITAN 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
$23,310
$87,500
$689,500
$777,000
-
$87,500
$689,500
$777,000
