2028 Stafford Rd Plainfield, IN 46168
For Sale
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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.
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Simply Custom Apparel Textile Manufacturer Factory
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Jim Flanagan - State Farm Insurance Agent Insurance Agency
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Better Hearing Inc Medical Clinic
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Indy Smoke Shop (Bike/Boat/Book/etc) Store Alternative Medicine Practice
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BLAZE Salon off Main Hair Salon Nail Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.