Property profile

1200 Lake City Hwy Warsaw, IN 46580

FOR LEASE
Outlet malls
Property ID
US31-2681904
188,659 SF 31 ac lot Built 2012
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 803-square-foot retail space offers a unique "store-within-a-store" opportunity inside a high-traffic Meijer location in Kosciusko County. Benefit from a prime, front-of-store position ensuring maximum visibility and access to thousands of weekly shoppers. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance (CAM), and utilities, simplifying your operational costs. Interior and exterior branding opportunities are available, maximizing your exposure to Meijer's substantial customer base. This space is situated in a thriving trade area with strong demographics, making it ideal for a variety of businesses. The fixed monthly fee structure provides predictable expenses, allowing for better budgeting and financial planning. This turnkey solution is perfect for businesses seeking high foot traffic and immediate brand recognition within a well-established retail environment. The location's strategic placement within the Meijer store guarantees consistent customer flow and interaction. Consider this opportunity to establish your business in a high-demand, easily accessible location within a well-known Midwest retail destination. The space is currently vacant and ready for immediate occupancy. This is an exceptional opportunity to capitalize on the established customer base and high visibility of a Meijer location.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2012
Construction TYPE NOT SPECIFIED
Total area 188,659 SF
Lot 31 ac (1,350,360 SF)
Zoning code C-3 A
APN 43-11-04-400-013.000-032
UPID US31-2681904

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
  • (Bike/Boat/Book/etc) Store Pet Store & Service
  • Physician

Location

1200 Lake City Hwy Warsaw, IN 46580
Warsaw metro Census 962000 WARSAW, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.46M
Blend (final) Blend
$13.85M

Owner & transaction history

since 2013
4 recorded transactions
2013
Price N/A
2013
Price N/A
2013
Price N/A
2012
Price N/A

Zoning & alternative use

C-3 A · Warsaw, IN
Top alternative use upside
Commercial (general) $12.0M +0.4%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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