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3308 Wayne St Angola, IN 46703-7330

Strip malls Google Maps
18,570 SF 3.97 ac lot Built 2008
Entity Owned 18-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$615k
Range $554k – $677k (±10%)
Property ID US31-2214090

Property summary

AI-generated overview

Tri-State Commons, a 26,490 square foot shopping center in Angola, Indiana, offers a 1,220 square foot retail space for lease. Located at 3308 N Wayne St, this multi-tenant property boasts high visibility and convenient access to I-69. The center enjoys a strong tenant mix including established retailers such as Dollar Tree, Sally Beauty Supply, Maurice's, and Shoe Carnival, alongside anchor tenants Kohl's and Menards. This prime location benefits from the significant customer base drawn to the area by Trine University. The available space presents a unique opportunity for businesses seeking to capitalize on the high traffic and established retail environment of Tri-State Commons. The property is situated in Steuben County, Indiana, zip code 46703, offering excellent access to a thriving community and regional traffic. This retail space provides a chance to establish or expand a business within a successful and well-positioned shopping center. The existing tenant mix ensures a diverse and attractive shopping destination, creating a synergistic environment for new businesses. The 1,220 square foot space is ready for immediate occupancy and offers significant potential for growth.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2008
Construction CONCRETE
Total area 18,570 SF
Lot 3.97 ac (172,890 SF)
APN 76-06-11-000-040.000-012
UPID US31-2214090

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$615k

Owner & transaction history

since 2008
2 recorded transactions
2018
Price N/A
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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