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201 Main St 1,800 SF 100% Leased Retail Building Beech Grove, IN 46107 $450,000 ($250/SF) 8% Cap Rate
Executive Summary
Prime mixed-use commercial property located on a highly visible corner in downtown Beech Grove's Main Street district. The main level features commercial storefront/office space with excellent exposure, pedestrian traffic, and flexible business potential. Upstairs, you'll find two separate residential apartments, both currently occupied by long-term, happy tenants, providing immediate rental income. This combination of commercial and residential space offers a great opportunity for investors seeking diversified cash flow in a growing community. Conveniently located near local restaurants, shops, and other downtown amenities, this property offers strong visibility, steady income potential, and room for future appreciation.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,800 SF
Building Class
C
Year Built
1975
Price
$450,000
Price Per SF
$250
Cap Rate
8%
NOI
$36,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.59
Lot Size
0.07 AC
Zoning
C-4
Parking
4 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-10-28-138-052.000-502 | Improvements Assessment | $144,700 |
| Land Assessment | $12,900 | Total Assessment | $157,600 |
Property Taxes
Parcel Number
49-10-28-138-052.000-502
Land Assessment
$12,900
Improvements Assessment
$144,700
Total Assessment
$157,600
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201 Main St