2525 Market StLogansport, IN 46947

Property Details for 2525 Market St

Year built

1988

Construction

TYPE NOT SPECIFIED

Lot size

2.52 AC

Property size (Sq ft)

33,600 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

09-17-60-133-011.000-010

APU

91760133011000010

Description

This exceptional multi-tenant retail property, located at 2525 E Market St in Logansport, Indiana, presents a compelling investment opportunity. The property boasts a substantial 33,600 to 34,246 square feet of retail space, situated on a generous 3.23-acre lot. Built in 1989, the center enjoys a 100% occupancy rate, anchored by a national tenant, Big Lots, which has occupied the space since 2001, and other franchise tenants. This translates to a strong and stable income stream, reflected in the attractive 7.19% capitalization rate. The asking price is $2,850,000, with a price per square foot of $83.22. The property consists of five individual units, providing flexibility for future management and leasing strategies. Its prime location on a major city thoroughfare ensures high visibility and accessibility. Furthermore, the property offers potential for future development on available outlots, presenting additional value-add opportunities for the astute investor. The property's Assessed Parcel Number (APN) is 09-17-60-133-011.000-010. This is a rare chance to acquire a well-established, high-performing retail center in a growing Indiana market.

• CAP approach

  CAP return

  Valuation

  6%

  $9,289,697

  6.5%

  $8,575,105

  7%

  $7,962,597

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,028,528

  Geo Method

  $11,028,528

• Alternative Use

  Use

  Valuation

  Residential

  $7,233,422

  Hospitality

  $6,625,776

  Educational

  $5,512,568

  Medical

  $5,702,153

  Retail

  $8,575,105

Location Insight

City

Logansport

County

Cass

State

Indiana

Latitude

40.7575

Longitude

-86.3352

CBSA code

30900

CBSA name

LOGANSPORT, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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