240 Mall RdLogansport, IN 46947

Property Details for 240 Mall Rd

Year built

2010

Construction

TYPE NOT SPECIFIED

Lot size

27.47 AC

Property size (Sq ft)

153,467 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

09-17-28-200-003.001-010

APU

91728200003001010

Description

This exceptional 1.3-acre outparcel presents a remarkable investment opportunity in Logansport, Indiana. Strategically located directly in front of the only Walmart Supercenter in Cass County, this property benefits from the significant traffic generated by this high-volume retailer. The site's visibility is further enhanced by its position at 240 Mall Road (Pad 1), with multiple points of ingress and egress, including a signalized entry, ensuring easy access for customers. The surrounding area boasts a strong retail presence, including a diverse mix of national brands and popular restaurants. Nearby establishments include Maurice's, Petsense, Great Clips, Buffalo Wild Wings, Home Depot, and Dollar Tree, creating a vibrant and thriving commercial environment. This prime location in the county seat of Cass County offers unparalleled exposure and accessibility, making it ideal for a variety of retail or commercial developments. The property's size and location provide ample space for construction and significant potential for return on investment. This is a rare opportunity to acquire a highly visible and well-situated parcel in a strong retail corridor. The address is 240 Mall Road, Logansport, IN 46947.

• CAP approach

  CAP return

  Valuation

  6%

  $42,430,412

  6.5%

  $39,166,536

  7%

  $36,368,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $50,372,472

  Geo Method

  $50,372,472

• Alternative Use

  Use

  Valuation

  Residential

  $33,038,438

  Hospitality

  $30,263,032

  Educational

  $25,178,488

  Medical

  $26,044,414

  Retail

  $39,166,536

Location Insight

City

Logansport

County

Cass

State

Indiana

Latitude

40.7614

Longitude

-86.3131

CBSA code

30900

CBSA name

LOGANSPORT, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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