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Big Box Retail 301 S 5th Ave 41,556 SF Retail Building Princeton, IN 47670 $1,200,000 ($28.88/SF)
Investment Highlights
- Leased to IGA until 8/31/2025
- Value-Add acquisition due to below-market rent
- Signalized, high traffic intersection
- Includes Fueling Station
- Considerable below assessed value and replacement value
Executive Summary
- Leased to IGA (Houchens Industries) until
08/31/2025
- Includes fueling station
- Value-Add acquisition due to considerable
below-market rent
- Considerably below assessed value and
replacement value
- Signalized, high-traffic intersection
strategically located just off of US 41
08/31/2025
- Includes fueling station
- Value-Add acquisition due to considerable
below-market rent
- Considerably below assessed value and
replacement value
- Signalized, high-traffic intersection
strategically located just off of US 41
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
41,556 SF
Year Built
1984
Price
$1,200,000
Price Per SF
$28.88
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
4.07 AC
Opportunity Zone
Yes
Zoning
GB - General Business
Parking
134 Spaces (3.22 Spaces per 1,000 SF Leased)
Frontage
102’ on West Broadway Street
Amenities
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 26-11-12-301-000.524-028 | Improvements Assessment | $952,100 |
| Land Assessment | $713,000 | Total Assessment | $1,665,100 |
Property Taxes
Parcel Number
26-11-12-301-000.524-028
Land Assessment
$713,000
Improvements Assessment
$952,100
Total Assessment
$1,665,100
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Big Box Retail | 301 S 5th Ave
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