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Property profile & analytics
FOR SALE
Strip malls

2028 Stafford Rd Plainfield, IN 46168

7,564 SF 0.4 ac lot Built 1981
Entity Owned Absentee Owner Free & Clear
Property ID
US31-0507451
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1981
Construction WOOD
Total area 7,564 SF
Lot 0.4 ac (17,424 SF)
APN 32-10-36-100-010.000-012
UPID US31-0507451
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
  • Simply Custom Apparel Textile Manufacturer Factory
  • Jim Flanagan - State Farm Insurance Agent Insurance Agency
  • Better Hearing Inc Medical Clinic
  • Indy Smoke Shop (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • BLAZE Salon off Main Hair Salon Nail Salon
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
HARDWICK PROPERTIES LLC
HARDWICK PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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