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    FOR LEASE
    Grocery and convenience stores

    8956 N 600 W, McCordsville, IN 46055

    7,204 SF 2.85 ac lot Built 2021
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-2868377
    Property summary
    AI-generated overview

    This exceptional commercial real estate offering presents a unique investment opportunity in the thriving McCordsville, Indiana market. Currently, a retail building is under construction, with plans for a second building in the near future. The property encompasses 5.7 acres of land, with a 1.2-acre outlot currently available for lease or build-to-suit development. This strategically located site boasts excellent visibility and accessibility from Olio Road, placing it in close proximity to the recently opened New Leo's Market & Eatery. The property's location serves the affluent communities of McCordsville, Fortville, and Geist, an underserved market with high income potential. The existing building offers one available retail space, making it ideal for a variety of businesses seeking a high-traffic location. The potential for future development, combined with the current construction and prime location, makes this a compelling opportunity for investors and businesses alike. The property is zoned for commercial use and offers significant potential for growth and return on investment within a rapidly expanding area. The 1.2-acre outlot provides flexibility for businesses seeking to build their own custom space, tailored to their specific needs. This is a rare chance to secure a prominent position in a burgeoning retail corridor.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 2021
    Construction TYPE NOT SPECIFIED
    Total area 7,204 SF
    Lot 2.85 ac (124,277 SF)
    APN 30-01-23-400-030.004-018
    UPID US31-2868377
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $520k
    Owner & transaction history
    Bdc Realty Group LLC · 3 yrs held
    Bdc Realty Group LLC
    since 2023
    5 recorded transactions
    2023
    2022
    2022
    2020
    $1.5M
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $630,000 +121.4%
    Restaurant $550,000 +93.6%
    Commercial (general) $530,000 +86.0%
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    More about this property
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