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Property profile & analytics
FOR LEASE
Strip malls

1929 Mcdonald Ln New Albany, IN 47150

20,000 SF 2.15 ac lot Built 2004
Individually Owned Free & Clear
Property ID
US31-1418199
Property summary
AI-generated overview

Grant Line Crossing, located at 1929 McDonald Lane in New Albany, Indiana, presents a prime retail opportunity. This 11,569 square foot retail center sits on a 0.89-acre lot in Floyd County (zip code 47150) and is currently fully vacant, offering a unique chance for multiple tenants or a single large occupant. The property features four suites, with a minimum divisible space of 1,600 square feet and a maximum contiguous space of 5,644 square feet. A former freestanding restaurant space of 5,644 square feet is available, along with other smaller units. The center benefits from a highly visible location on Grant Line Road, shadow-anchored by a Walmart. Its convenient access from I-265 contributes to high traffic volume, with an average of 20,400 daily commuters passing by. This makes Grant Line Crossing an ideal location for businesses seeking high visibility and accessibility in a thriving retail market. The property's total building size is 11,569 square feet, offering flexibility for various retail concepts. The strategic location and ample space make this an exceptional investment opportunity. Serious inquiries are encouraged to explore the possibilities of this well-positioned retail center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Construction TYPE NOT SPECIFIED
Total area 20,000 SF
Lot 2.15 ac (93,698 SF)
APN 22-05-06-200-162.000-008
UPID US31-1418199
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
Current use
Occupant on record · Public records
  • Cato Fashions Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
GRANTLINE CROSSING
GRANTLINE CROSSING
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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