1207 S Heaton St Knox, IN 46534
Property profile & analytics
1207 S Heaton St Knox, IN 46534
- Retail space
- 14,187 SF
- 2.04 lot acres
Property ID
US31-0932550
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
- Retail space
Property Details for 1207 S Heaton St
- Year built
- 2005
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.04 lot acres
- Property size
- 14,187 SF
- Property type
- Retail space
- APN
- 75-06-27-202-005.000-004
- APU
- 750627202005000004
Description
This exceptional investment opportunity presents the fee simple ownership of a freestanding Walgreens located at 1207 S Heaton St, Knox, IN 46534. The property, built in 2005 and encompassing 14,259 square feet on a 2.04-acre lot, boasts a 100% occupancy rate with a corporate guaranteed Walgreens lease. The current lease, commenced January 1st, 2006, has a remaining term of 6.2 years with ten 5-year renewal options, extending to January 31st, 2031. The property features 62 parking spaces and is zoned C-2: General Commercial. The Net Lease (NN) structure minimizes landlord responsibilities, making this an ideal low-management investment. Situated as an outparcel to a grocery-anchored center experiencing over 1.9 million annual visits, the Walgreens benefits from high visibility and significant crossover traffic. The property enjoys limited competition within a 15-mile radius and serves a strong demographic area with over 9,700 residents and 3,600 employees within a 5-mile radius, boasting an average household income of $73,363. The asking price is $3,431,000, representing a price per square foot of $240.62 and an 8.00% cap rate with a current NOI of $274,500. This strategically located asset offers a compelling combination of strong tenant, long-term lease, and attractive financial metrics. The property's prime location along US Highway 35 (13,300 vehicles per day) further enhances its appeal.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $945,000 Current use
- AUTO REPAIR, GARAGE
- $1,525,000 Change: +62% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $965,000 Change: +3% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Knox
- County
- Starke
- State
- Indiana
- Longitude
- -86.6213
- Latitude
- 41.2855
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
$27,448
$226,000
$702,200
$928,200
-
$226,000
$702,200
$928,200
