524 N 5Th St Rockport, IN 47635
For Sale
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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.
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.