3900 Lexington Rd Logansport, IN 46947
Property Lookup
Property profile & analytics
3900 Lexington Rd Logansport, IN 46947
- Strip malls
- 7,480 SF
- 4.14 lot acres
Property ID
US31-1885212
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Arnold's Jewelry & Gifts / (Bike/Boat/Book/etc) Store
- The joint smoke shop / (Bike/Boat/Book/etc) Store
- Buffalo Wild Wings / Restaurant
- Smoke Kingdom / (Bike/Boat/Book/etc) Store
- Maurices / Clothing & Fashion Store
Property Details for 3900 Lexington Rd
- Year built
- 2010
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 4.14 lot acres
- Property size
- 7,480 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 09-17-28-200-032.001-010
- APU
- 91728200032001010
Description
This exceptional 18,600 square foot retail property in Logansport, Indiana, presents a compelling value-add opportunity. Located at 3900 Lexington Rd, this single-story, 2011-built center boasts a strong tenant mix including Buffalo Wild Wings, Great Clips, and Maurices, among others. Currently 80% occupied with five tenants, the property offers approximately 3,700 square feet of readily leasable space, promising immediate upside potential. The property features a 7.35% cap rate and a net operating income (NOI) of $183,229. With a remaining lease term of 3.3 years on existing leases, this investment benefits from a high historical occupancy rate, with four of the five current tenants operating since 2011. The 3.19-acre lot offers potential for out-lot development, further enhancing value and traffic. The property enjoys a prime location, shadow-anchored by a Walmart Supercenter and a large shopping center featuring big-box retailers like The Home Depot and Planet Fitness. Strong demographics, with an average household income exceeding $75,100 within a 5-mile radius, support continued success. All tenants are under landlord-favorable net leases with additional option periods. This is a rare opportunity to acquire a well-positioned retail center with significant upside potential in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Logansport
- County
- Cass
- State
- Indiana
- Longitude
- -86.3136
- Latitude
- 40.7631
- CBSA code
- 30900
- CBSA name
- LOGANSPORT, IN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$45,042
$404,500
$1,096,900
$1,501,400
-
$404,500
$1,096,900
$1,501,400
