819 Detroit St Lagrange, IN 46761-2405
- Retail space
- 18,276 SF
- 0.83 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Beauty Supply Store
- FedEx OnSite / Mailing Service
- Redbox / Movie Rental Kiosk / Dvd Store
- Western Union / Money Transfer Service
Property Details for 819 Detroit St
- Year built
- 1954
- Construction
- WOOD
- Lot size
- 0.83 lot acres
- Property size
- 18,276 SF
- Property type
- Retail space
- APN
- 44-07-30-100-000.058-002
- APU
- 440730100000058002
Description
This exceptional investment opportunity features a 10,996 square foot Dollar General storefront located at 819 S Detroit St, LaGrange, IN 46761. The property sits on a 0.47-acre lot and includes 44 parking spaces. Built in 1955, this single-tenant building boasts a strong, credit-rated tenant with a Net Net lease in place. The current lease, commencing July 30, 2003, and expiring July 30, 2030, offers a remaining term of approximately 5.7 years. The property's asking price is $413,962, representing a price per square foot of $37.65 and an attractive 8.00% cap rate. The 100% occupancy ensures a consistent income stream. The property's APN is 44-07-30-100-000.058-002. This is a compelling investment opportunity with potential for future growth. Lease options are available. This property is part of a larger portfolio sale opportunity.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lagrange
- County
- Lagrange
- State
- Indiana
- Longitude
- -85.4172
- Latitude
- 41.6364