8635 300th W Lake Village, IN 46349-9413
Property profile & analytics
8635 300th W Lake Village, IN 46349-9413
- Retail space
- 13,600 SF
- 3.33 lot acres
Property ID
US31-2577373
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.
Location Intelligence
Current Use by Public Records
- Family Dollar / Discount Store
Property Details for 8635 300th W
- Year built
- 1975
- Construction
- WOOD
- Lot size
- 3.33 lot acres
- Property size
- 13,600 SF
- Property type
- Retail space
- APN
- 56-04-22-223-003.000-012
- APU
- 560422223003000012
Description
This exceptional investment opportunity presents a 13,604 square foot convenience store, currently leased to Dollar Tree/Family Dollar under a Net Lease agreement. The property, located at 8635 N 300 W, Lake Village, IN 46349, boasts a strong 9.00% cap rate and a substantial NOI of $91,934. Built in 1975 and renovated in 2013, the property sits on a 3.3-acre lot. The current lease, with a remaining term of approximately 3.5 years, extends to May 31, 2028, following a recent extension and rent increase in July 2023. This demonstrates the tenant's commitment to the location. The lease includes 10% rent increases in each of the four remaining 5-year option periods. Dollar Tree/Family Dollar, a publicly traded Fortune 500 company with an S&P investment grade credit rating of BBB, is responsible for all operating expenses including property taxes, insurance, HVAC, and utilities. Landlord responsibilities are limited to roof and structure maintenance. The asking price is $1,022,000, translating to a price per square foot of $75.12. The property's strategic location, an hour south of Chicago, Illinois, within the Chicago MSA, offers significant advantages. Chicago's robust economy, large population, and numerous Fortune 500 companies contribute to a stable and attractive investment environment. This is a rare opportunity to acquire a high-performing, low-maintenance retail property with a strong, creditworthy tenant and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lake Village
- County
- Newton
- State
- Indiana
- Longitude
- -87.4477
- Latitude
- 41.1247
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN 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
$7,242
$70,900
$326,100
$397,000
-
$70,900
$326,100
$397,000
