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Property profile & analytics
FOR SALE
Commercial real estate

2155 N 700 W Arlington, IN 46104

5,808 SF 0.21 ac lot Built 1902
Entity Owned 2-yr Hold Free & Clear
Property ID
US31-1127785
Property summary
AI-generated overview

This unique Arlington, IN property, located at 2155 N 700 W W, offers a compelling investment opportunity spanning 8,973 square feet on a 0.21-acre lot. Previously a successful restaurant and grocery store location, the building presents significant redevelopment potential. The ground floor's layout is adaptable to a variety of commercial uses, given its history as a thriving food-service establishment. The second floor provides a large, open-concept space ideally suited for conversion into residential apartments, offering a lucrative opportunity to capitalize on the growing demand for housing. The third floor features existing office space, ready for immediate occupancy or further customization to meet specific business needs. The property's size and versatile floor plan allow for a multitude of mixed-use configurations, catering to a diverse range of tenants and maximizing rental income. The strategic location in Arlington ensures high visibility and accessibility, making it an attractive proposition for both established businesses and new ventures. This property is priced at $339,000 and represents a rare chance to acquire a substantial commercial building with significant upside potential in a desirable location. The building's structure is sound, providing a solid foundation for future development and long-term investment returns. Serious inquiries are encouraged to explore the full range of possibilities this property offers.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1902
Construction WOOD
Total area 5,808 SF
Lot 0.21 ac (8,973 SF)
APN 70-05-24-481-020.000-006
UPID US31-1127785
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
  • Arlington General Store Grocery & Convenience Store
  • United States Postal Service Post Office Logistics Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mk Super Market INC · 2 yrs held
Mk Super Market INC
since 2024
5 recorded transactions
2024
Price N/A
2020
Price N/A
2017
Price N/A
2009
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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