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Property profile & analytics
FOR SALE
Outlet malls

240 Mall Rd Pad 1 Logansport, IN 46947

153,467 SF 27.47 ac lot Built 2010
Entity Owned Absentee Owner Free & Clear
Property ID
US31-2919872
Property summary
AI-generated overview

This exceptional 1.3-acre outparcel presents a remarkable investment opportunity in Logansport, Indiana. Strategically located directly in front of the only Walmart Supercenter in Cass County, this property benefits from the significant traffic generated by this high-volume retailer. The site's visibility is further enhanced by its position at 240 Mall Road (Pad 1), with multiple points of ingress and egress, including a signalized entry, ensuring easy access for customers. The surrounding area boasts a strong retail presence, including a diverse mix of national brands and popular restaurants. Nearby establishments include Maurice's, Petsense, Great Clips, Buffalo Wild Wings, Home Depot, and Dollar Tree, creating a vibrant and thriving commercial environment. This prime location in the county seat of Cass County offers unparalleled exposure and accessibility, making it ideal for a variety of retail or commercial developments. The property's size and location provide ample space for construction and significant potential for return on investment. This is a rare opportunity to acquire a highly visible and well-situated parcel in a strong retail corridor. The address is 240 Mall Road, Logansport, IN 46947.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2010
Construction TYPE NOT SPECIFIED
Total area 153,467 SF
Lot 27.47 ac (1,196,637 SF)
APN 09-17-28-200-003.001-010
UPID US31-2919872
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
  • Walmart Deli Food Market Restaurant
  • Walmart Money Center Bank Credit Union
  • Claire’s Department Store
  • Walmart Business Center Tech Support Center (Bike/Boat/Book/etc) Store
  • Claire's Walmart (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.02M
Owner & transaction history
WAL-MART REAL EST BUSINESS TRUST
WAL-MART REAL EST BUSINESS TRUST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $13.2M +4.0%
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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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