For Sale
$1,800,000

1305 Main St Mitchell, IN 47446

Multi-tenant retail, redevelopment opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 29,434 square foot shopping center presents a compelling owner/user or redevelopment investment opportunity in Mitchell, Indiana. Located on a highly visible 2-acre lot at 1305 W Main St, this single-story, multi-tenant property boasts three units within one building. Currently, 60% occupied with a remaining lease term of 5 years on existing tenants, this NNN-leased property offers significant upside potential. Two suites are currently leased, leaving one vacant unit available for immediate occupancy. This space, previously a grocery store, features a convenient loading dock at the rear. The property's commercial zoning allows for a variety of uses, making it ideal for both established businesses and new ventures. The asking price is $1,800,000. The property's prime location on Mitchell's bustling Main Street ensures high visibility and accessibility, attracting a steady stream of potential customers. This is a rare chance to acquire a well-situated retail property in a growing Indiana market. The property's existing infrastructure and strategic location provide a solid foundation for future growth and profitability. Serious inquiries are encouraged. The property's zip code is 47446.

Highlights

  • $1,800,000 asking price.
  • 29,434 square foot retail shopping center.
  • Owner/User redevelopment opportunity.
  • NNN lease, multi-tenant, 60% occupancy, 5 years remaining lease term on some units.
  • Located on Main Street in Mitchell, Indiana (47446).
  • 2-acre lot, single-story building with three units.

Property Details for 1305 Main St

Property type
Lifestyle centers, Power centers
Square Feet
29,434 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
87,120 SF
Units
3

Location Insight

City
Mitchell
County
Lawrence
State
Indiana
Latitude
38.7479896
Longitude
-86.5198651

FAQs

What type of property is this?
Lifestyle center - Multi-tenant retail, redevelopment opportunity
Where is the lifestyle center located?
The property is located at 1305 Main St Mitchell, IN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: $1,800,000 asking price.; 29,434 square foot retail shopping center.; Owner/User redevelopment opportunity.
How can I contact the broker?
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1305 Main St
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