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Gas City, IN - Multi-Tenant Office

$230,000

737-787 E. Main St, Gas City, IN 46933

Active
Last Updated: 07/21/2025

6.72

Cap Rate

15,466

NOI

Details:
Cap Rate:    6.72%
NOI:    $15,466
Building Size:    4,032 sqft
Lot Area:    0.75 acres
Year Built:    1999
Zoning:    B-1: Business
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.

Map:
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