120 Frst Ave Brazil, IN 47834-2605
This exceptional retail property, located at 120 S Forest Ave in Brazil, Indiana, presents a compelling investment opportunity. Situated on a prominent 2.7-acre lot along busy Highway 59 (Forest Ave), just off Highway 40, this property boasts high visibility and convenient access. The expansive 28,000 square foot building features 110 paved parking spaces, ensuring ample customer convenience. Currently, 8,000 square feet are leased through June 2026, providing immediate rental income. A significant portion of the property, 20,000 square feet, is occupied by a Save-a-lot grocery store, with the owner planning retirement. This presents a unique chance to acquire a well-established retail space with potential for future development or lease to new tenants. The property's strategic location, just south of a CVS Pharmacy, further enhances its appeal and ensures a steady flow of foot traffic. The asking price is $2,250,000. This is a rare opportunity to acquire a substantial retail property in a thriving Indiana community with strong potential for long-term growth and profitability. The property's size, location, and existing tenancy make it an ideal investment for experienced retail investors seeking a stable and potentially high-return asset. The 47834 zip code offers a strong demographic profile for retail success.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.