For Sale
$2,250,000

120 Forest AveBrazil, IN 47834

Prime Retail Investment Opportunity in Indiana

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional retail property, located at 120 S Forest Ave in Brazil, Indiana, presents a compelling investment opportunity. Situated on a prominent 2.7-acre lot along busy Highway 59 (Forest Ave), just off Highway 40, this property boasts high visibility and convenient access. The expansive 28,000 square foot building features 110 paved parking spaces, ensuring ample customer convenience. Currently, 8,000 square feet are leased through June 2026, providing immediate rental income. A significant portion of the property, 20,000 square feet, is occupied by a Save-a-lot grocery store, with the owner planning retirement. This presents a unique chance to acquire a well-established retail space with potential for future development or lease to new tenants. The property's strategic location, just south of a CVS Pharmacy, further enhances its appeal and ensures a steady flow of foot traffic. The asking price is $2,250,000. This is a rare opportunity to acquire a substantial retail property in a thriving Indiana community with strong potential for long-term growth and profitability. The property's size, location, and existing tenancy make it an ideal investment for experienced retail investors seeking a stable and potentially high-return asset. The 47834 zip code offers a strong demographic profile for retail success.

Highlights

  • Exceptional 28,000 SF retail building on a 2.7-acre lot in Brazil, IN.
  • High-visibility location on Highway 59 (Forest Ave), near Highway 40, with 110 paved parking spaces.
  • 8,000 SF currently leased through June 2026, generating immediate income.
  • 20,000 SF occupied by a Save-a-Lot grocery store (owner retiring), offering redevelopment potential.
  • Asking price: $2,250,000.

Property Details for 120 Forest Ave

Property type
Retail properties, Grocery and convenience stores

Location Insight

City
Brazil
County
Clay
State
Indiana
Latitude
39.5225099
Longitude
-87.1241293
120 Forest Ave, Brazil, Indiana

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120 Forest Ave
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