4215 Sta Rd Roanoke, IN 46783-8846
This exceptional 0.64-acre commercial property at 4215 E Station Road in Roanoke, Indiana, presents a unique investment opportunity. Boasting a highly visible location along Highway 24, the property enjoys exposure to approximately 22,000 vehicles daily, ensuring significant foot traffic and brand awareness. Currently zoned for commercial use and fully equipped with all necessary utilities, this turnkey property is ideally suited for a diverse range of businesses. The existing structure, known as Nick's Junction, offers a solid foundation for a new owner to build upon its established reputation or implement a completely new concept. The property's versatility allows for various uses, including restaurants, retail establishments, or mixed-use developments. The surrounding area is experiencing a period of significant growth and revitalization, with numerous nearby properties undergoing renovations or planned upgrades, creating a dynamic and thriving commercial environment. This strategic location, coupled with the high daily traffic count and the potential for significant return on investment, makes this property an exceptionally attractive proposition for discerning investors seeking a prime commercial location in a rapidly developing town. The property's existing infrastructure and readily available utilities minimize upfront costs and allow for a swift transition into operation. This is a rare opportunity to acquire a well-positioned commercial property in a burgeoning market.
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Nick's Junction Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.