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    Property profile & analytics

    824 3Rd St Logansport, IN 46947

    • Grocery and convenience stores
    • 17,060 SF
    • 0.80 lot acres
    For Lease
    View listing
    Value Estimation
    $360,000
    Location Intelligence
    Property ID
    US31-1744800
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ATM / Atm
    • Gothra's Neighborhood Market / Supermarket

    Property Details for 824 3Rd St

    Year built
    1975
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.80 lot acres
    Property size
    17,060 SF
    Property type
    Grocery and convenience stores
    APN
    09-17-44-220-001.000-010
    APU
    91744220001000010

    Description

    This exceptional 17,157 square foot retail space, formerly a grocery store, is ideally situated on a 0.8-acre corner lot at 824 N. 3rd St. in Logansport, Indiana. The property boasts ample on-site parking, making it highly convenient for customers. Located in Cass County (APN: 09-17-44-220-001.000-010), this single-tenant building presents a fantastic opportunity for a variety of retail businesses. The property's size and prominent location offer significant visibility and accessibility. The address is easily identifiable and accessible from major roadways, ensuring high traffic flow. This is a rare opportunity to acquire a well-positioned retail space in a thriving community. The building's previous use as a supermarket suggests a strong foundation for a similar business or a complementary retail operation. The substantial lot size provides ample space for potential expansion or outdoor amenities. This property is ready for immediate occupancy and offers a unique chance to establish a successful retail presence in Logansport, Indiana. The zip code is 46947. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $435,000
      6.5%
      $420,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $375,000
      Geo Method
      $465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $380,000
      Mixed-Use
      $360,000
      Hospitality
      $415,000
      Educational
      $385,000
      Residential Income
      $435,000
      Energy
      $440,000
      Income-Based Land
      $440,000
      Food Service
      $425,000

    Location Insight

    • Map
    • Local Demand
    City
    Logansport
    County
    Cass
    State
    Indiana
    Longitude
    -86.3693
    Latitude
    40.7585
    CBSA code
    30900
    CBSA name
    LOGANSPORT, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,321
    $41,400
    $169,300
    $210,700
    -
    $41,400
    $169,300
    $210,700

    Comparable in this City

    • Value Estimation
      $365,000
      1,653 SF

      1730 Broadway

      CONVENIENCE STORE • 1,653 SF
      1730 Broadway, Logansport, IN 46947-3263
      View Details
    • Value Estimation
      $380,000
      11,564 SF

      931 Market St

      GROCERY, SUPERMARKET • 11,564 SF
      931 Market St, Logansport, IN 46947-3334
      View Details
    • Value Estimation
      $395,000
      5,375 SF

      401 Market St, Unit 409

      CONVENIENCE STORE • 5,375 SF
      401 Market St, Logansport, IN 46947-3042
      View Details
    • Value Estimation
      $475,000
      5,320 SF

      1925 18th St

      CONVENIENCE STORE • 5,320 SF
      1925 18th St, Logansport, IN 46947-5001
      View Details
    • Value Estimation
      $320,000
      2,790 SF

      2875 Market St

      CONVENIENCE STORE • 2,790 SF
      2875 Market St, Logansport, IN 46947-2070
      View Details
    • Value Estimation
      $355,000
      2,340 SF

      1607 3rd St

      CONVENIENCE STORE • 2,340 SF
      1607 3rd St, Logansport, IN 46947-1006
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      17,157 SF

      Logansport Retail Space For Lease

      Prime Logansport supermarket space available.
      824 3Rd St, Logansport, IN 46947
      View Details
    • Contact for pricing
      6,220 SF

      Retail Space in Logansport

      Retail space available in Logansport, Indiana near major retailers.
      3916-3922 E Market St, Logansport, IN 46947
      View Details
    • Contact for pricing
      7,386 SF

      Retail Space Near Walmart, Home Depot

      Retail space available near Walmart and Home Depot.
      3830 E Market St, Logansport, IN 46947
      View Details
    • Contact for pricing
      5,700 SF

      Retail Space on Market Street

      Retail space for lease on main retail corridor.
      3025-3097 E Market St, Logansport, IN 46947
      View Details
    • $12 SF/Yr
      45,000 SF

      Cass Plaza Retail Space Available

      Logansport, IN retail space for lease.
      3304 Market St, Logansport, IN 46947
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space Near Walmart, Home Depot

      Retail space available near major retailers in Logansport, Indiana.
      3902 E Market St, Logansport, IN 46947
      View Details
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    Logansport, IN 46947
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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