Gas City, IN - Multi-Tenant Office
$230,000
737-787 E. Main St, Gas City, IN 46933
6.72
Cap Rate
15,466
NOI
Details:
Description:
• Property is 100% occupied, providing immediate cash flow stability.
• Tenants such as H&R Block, Hair Co, and Knob Hill Coin have operated at the site for 6+ years, reflecting operational continuity and location viability.
• Shorter remaining lease terms offer a strategic opportunity to re-negotiate leases and improve lease economics in the near term.
• Current rents are well below market, presenting upside potential through mark-to-market adjustments.
• Positioned along W Main St, Gas City’s primary thoroughfare, with 11,900 vehicles per day (VPD).
• Direct connection to Marion Municipal Airport via Highway 35.
• 3.0 miles from Indiana Wesleyan University (2,000 students)
• 2.9 miles from the Marion VA Hospital (115 beds)
• The 5-mile trade area supports a population of over 25,000, providing a stable consumer base.
Location

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