2028 Stafford Rd Plainfield, IN 46168

Property Details for 2028 Stafford Rd

Year built

1981

Construction

WOOD

Lot size

0.40 lot acres

Property size

7,564 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

32-10-36-100-010.000-012

APU

321036100010000012

Description

This exceptional six-unit retail strip center, boasting 7,564 square feet, sits on a 0.4-acre lot at 2028 Stafford Road in Plainfield, Indiana. Its strategic location adjacent to the newly established Traders Point Church (formerly a Marsh grocery store) ensures high visibility and foot traffic. Currently, all six units are fully leased, providing immediate and consistent cash flow. The current owner has successfully implemented a strategy to bring rental rates closer to market value, presenting a significant opportunity for future income growth as leases expire. A new owner can capitalize on this by increasing rental rates to further enhance profitability. Recent improvements include a fresh coat of exterior paint and the addition of a new handicap-accessible curb cut, ensuring compliance and accessibility for all tenants and customers. A key tenant, State Farm, recently renewed their lease for a substantial 10-year term, providing long-term stability and income security. The property benefits from excellent exposure to State Road 267 and convenient access from Stafford Road, maximizing its potential for attracting customers and tenants. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a thriving Plainfield location. The asking price is $1,690,000.