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    OFF-MARKET
    Retail space

    124 Mckinley St Ste A, Angola, IN 46703-1306

    3,520 SF 0.2 ac lot Built 1993
    Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-2333016
    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
    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
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Kimberly Kline · 3 yrs held
    Kimberly Kline
    since 2023
    1 recorded transaction
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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