1209 Heaton St Knox, IN 46534-2311
This exceptional 85,406 square foot shopping center, built in 1975, presents a compelling investment opportunity. Located on a 10-acre lot in the heart of Knox, Indiana, at 1209 S Heaton St, 46534, this fully occupied Class B property boasts a diverse tenant mix. The center benefits from a strategic location near the intersection of two state highways, ensuring high visibility and traffic flow. This prime location is considered the best in Starke County for retail, supported by strong traffic counts. Two anchor tenants, Family Dollar and Tractor Supply Co., are secured with long-term leases, alongside several other businesses. Smaller spaces are enclosed, while larger tenants enjoy individual outdoor entrances. Ample parking is available for customers and employees. The property's commercial zoning allows for flexibility and future growth potential. Its proximity to Northwest Health Medical Center, Knox Community Elementary and High Schools, and various restaurants further enhances its desirability. The asking price is $5,698,000, with a price per square foot of $66.72. This represents a strong return on investment in a thriving retail market.
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
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.