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Property profile & analytics
OFF-MARKET Estimated value $1,655,000
Grocery and convenience stores

1209 Heaton St Knox, IN 46534-2311

47,628 SF 4 ac lot Built 1971
Entity Owned 11-yr Hold Free & Clear
Property ID
US31-1121142
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1971
Construction TYPE NOT SPECIFIED
Total area 47,628 SF
Lot 4 ac (174,240 SF)
APN 75-06-27-202-005.400-004
UPID US31-1121142
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.66M
Owner & transaction history
Knox Holdings LLC · 11 yrs held
Knox Holdings LLC
since 2015
2 recorded transactions
2015
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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