Property profile

1500 Wayne St Angola, IN 46703

OFF-MARKET
Retail space
Property ID
US31-1589148
4,776 SF 0.11 ac lot Built 1993
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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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

Location

1500 Wayne St Angola, IN 46703-2304
Angola metro Census 971300 ANGOLA, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2022
$220,946
2020
Price N/A
2019
$355,000

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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