2560 Main StPlainfield, IN 46168

Property Details for 2560 Main St

Year built

1994

Lot size

1.30 AC

Property size (Sq ft)

844 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

32-10-25-235-022.000-012

APU

321025235022000012

Description

This exceptional 1-acre retail outlot presents a remarkable ground lease opportunity in Plainfield, Indiana. Strategically located at a busy, signalized intersection on East Main Street (2560 E Main St, Plainfield, IN 46168), this property boasts high traffic counts, ensuring significant visibility and accessibility for your business. The site is ideally positioned amongst prominent big-box retailers, including Walmart, JCPenney, and Target, creating a synergistic environment and attracting a substantial customer base. The property is classified as retail, offering a single-tenant occupancy, providing flexibility and control for the lessee. This presents a unique chance to establish a thriving retail presence in a high-demand location within a well-established commercial area. The property's prime location and proximity to major retailers make it an attractive investment for businesses seeking high visibility and foot traffic. Detailed traffic counts for East Main Street are available upon request. This ground lease offers a compelling opportunity to capitalize on the strong retail environment and establish a successful business in a thriving community. The property's size and location make it suitable for a variety of retail uses. Interested parties should inquire promptly to secure this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $153,044

  6.5%

  $141,271

  7%

  $131,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $183,082

  Geo Method

  $183,082

• Alternative Use

  Use

  Valuation

  Residential

  $119,167

  Hospitality

  $109,157

  Educational

  $90,817

  Medical

  $93,940

  Retail

  $141,271

Location Insight

City

Plainfield

County

Hendricks

State

Indiana

Latitude

39.7166

Longitude

-86.3617

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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