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Property profile & analytics
FOR SALE
Grocery and convenience stores

524 N 5Th St Rockport, IN 47635

16,136 SF 0.54 ac lot Built 1960
Entity Owned 11-yr Hold Free & Clear
Property ID
US31-2012520
Property summary
AI-generated overview

This exceptional 15,000 square foot vacant storefront, situated within a shopping center, presents a compelling redevelopment opportunity in Rockport, Indiana. Listed at $125,000, this property boasts significant potential for a variety of commercial uses. The building, constructed in 1960, sits on a 0.54-acre lot and features ample parking with 40 spaces. Its Commercial zoning allows for diverse development options. The property's convenient location offers easy access to key transportation arteries, including proximity to Indiana State Road 66 (0.4 miles) and US Highway 231 (1.7 miles), providing excellent visibility and accessibility. The surrounding area is home to a variety of established businesses, including Darlena's Lincolnland, Christian Resource Center, Mulzer Crushed Stone, Guisewhite Automotive, and Dollar General, creating a vibrant commercial environment. The property's APN is 74-15-23-304-020.000.018. This is a rare chance to acquire a substantial retail space in a growing area, ideal for investors seeking a high-return project or entrepreneurs looking to establish a flagship location. The property's size and location make it suitable for a wide range of commercial ventures. Don't miss this chance to capitalize on this prime Rockport real estate.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1960
Construction WOOD
Total area 16,136 SF
Lot 0.54 ac (23,660 SF)
APN 74-15-23-304-020.000-018
UPID US31-2012520
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
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Houchens Properties INC · 11 yrs held
Houchens Properties INC
since 2015
1 recorded transaction
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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