Property profile

624 Madison St Fortville, IN 46040

OFF-MARKET
Commercial land
Property ID
US31-1077516
0.11 ac lot
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a retail facility in Fortville, Indiana, offering more than 14,000 square feet of space. It is situated on a main state route with traffic volumes exceeding 10,000 vehicles per day, providing direct road access and prominent visibility from the roadway. The property sits on a 0.47-acre site with ample parking and includes a fully equipped commercial kitchen outfitted with an industrial hood. The building is currently configured for use as a grocery and meat market and includes versatile retail areas suited for continued operation, expansion, or multiple business uses; the site layout also supports redevelopment into a strip-mall style configuration while maintaining grocery operations.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.11 ac (4,792 SF)
APN 30-02-09-101-038.001-017
UPID US31-1077516

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Location

624 Madison St Fortville, IN 46040-1149
Fortville metro Census 410202 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2023
1 recorded transaction
2023
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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