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    OFF-MARKET
    Retail space

    1500 Wayne St, Angola, IN 46703-2304

    4,776 SF 0.11 ac lot Built 1993
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US31-1589148
    Property summary
    AI-generated overview

    Exceptional commercial lease opportunity awaits at Grandstand Plaza, a single-tenant space totaling 4,590 square feet. This property boasts a highly desirable location on North Wayne Street, directly adjacent to a vibrant cluster of restaurants and shopping centers, ensuring high visibility and foot traffic. The versatile layout is perfect for a variety of businesses, offering a blend of private and collaborative workspaces. Three individual offices provide dedicated areas for focused work, while a spacious open area fosters teamwork and collaboration. Convenience is maximized with an included kitchenette, restrooms, and a storage room featuring convenient exterior access. Further enhancing accessibility, the property includes a drive-up window and prominent street signage for optimal brand visibility. The landlord is committed to maintaining the property's exterior appeal, covering the costs of regular washing and painting. This turnkey solution offers a unique opportunity to establish or expand your business in a thriving commercial district. The space is ready for immediate occupancy.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1993
    Construction TYPE NOT SPECIFIED
    Total area 4,776 SF
    Lot 0.11 ac (4,792 SF)
    APN 76-06-23-000-009.080-012
    UPID US31-1589148
    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
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jk Property Investments LLC · 3 yrs held
    Jk Property Investments LLC
    since 2022
    4 recorded transactions
    2022
    2022
    $220,946
    2020
    2019
    $355,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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