Property profile

124 Mckinley St Ste A Angola, IN 46703

OFF-MARKET
Retail space
Property ID
US31-2333016
3,520 SF 0.2 ac lot Built 1993
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,520-square-foot storefront property, located at 124 McKinley Street in Angola, Indiana, presents a compelling investment opportunity. Priced at $389,500 ($110.65/sq ft), this C-1 zoned building sits on a 0.2-acre lot in a rapidly developing section of Angola, adjacent to a newly constructed 90-unit apartment complex and conveniently near Trine University. Currently utilized as retail and service space, the property offers flexibility. A portion of the building (1,920 square feet) is currently leased at $1,100 per month, providing immediate income potential. The remaining space offers the opportunity to lease out additional square footage or utilize the entire building for a single tenant. This prime location and versatile space make it ideal for a variety of retail or service businesses seeking a strong presence in a thriving community. The property's strategic positioning near residential and educational institutions ensures high visibility and accessibility. Don't miss this chance to acquire a valuable asset in a dynamic market. Contact us today for more information and to schedule a viewing.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1993
Construction TYPE NOT SPECIFIED
Total area 3,520 SF
Lot 0.2 ac (8,712 SF)
APN 76-06-27-140-408.000-012
UPID US31-2333016

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
  • Interior Design Auto Repair Shop

Location

124 Mckinley St Ste A Angola, IN 46703-1306
Angola metro Census 971300 ANGOLA, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

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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