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Knox Mall Shopping Center 1209-1319 S Heaton St 85,406 SF 98% Leased Retail Building Knox, IN 46534 $7,482,131 CAD ($87.61 CAD/SF) 7.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Anchored By Tractor Supply Company, Family Dollar And Five Star Marketplace
  • Surrounded By Various Local, Regional And National Retailers
  • Community-Essential Retail Shopping Center
  • Five Star Marketplace Is The Major Grocery Serving The Regions & Has Been Operating At This Site For 50 Years
  • Anchor Tenants Operate Under Triple-Net Leases
  • Located Along Main Retail Corridor That Experiences Approximately 13,000 Vehicles Per Day

EXECUTIVE SUMMARY

The Klink Group of Marcus & Millichap is pleased to present for sale Knox Mall Shopping Center, an 85,000-square foot regional retail center located in Knox, Indiana, a county seat community. Knox Mall Shopping Center sits on approximately 7+ acres along South Heaton Street, the main retail corridor in Knox, Indiana. The property is well-positioned as the only shopping center destination in Knox and is located in front of Knox High School, Elementary School and Middle School.
The property is 97% occupied and anchored by Five Star Grocery Marketplace (50+ yrs occupancy), Tractor Supply Company (recent long-term renewal) and Family Dollar alongside additional local retailers and service providers. The anchor tenants occupy their spaces under NNN (triple-net) leases, ensuring predictable cash flow and minimal landlord responsibility for property expenses. The remaining in-line tenants provide additional income stability while serving the everyday needs of Knox residents. Positioned on a prime retail corridor, Knox Mall Shopping Center benefits from high visibility, excellent access, and proximity to complementary commercial activity, making it a dominant shopping destination for the local and regional residents of Starke County.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
85,406 SF
Building Class
B
Year Built
1975
Price
$7,482,131 CAD
Price Per SF
$87.61 CAD
Cap Rate
7.75%
NOI
$579,865 CAD
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
7.00 AC
Zoning
Commercial - Commercial

AMENITIES

  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • -
  • -
  • -

Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.

  • Five Star Of Knox
  • Retailer
  • -
  • -
  • -
  • -
  • Administrative and Support Services
  • -
  • -
  • -
  • -

Connecting the best organizations with the best people, Integrity Trade Services, LLC, provides the highest level of staffing and tailor made business solutions to every client they serve. Serving as a single point of contact to employees and companies, they seamlessly manage all aspects of staffing and employment to meet the unique needs of each request.

  • Magnum Value Properties, LLC
  • Real Estate
  • -
  • -
  • -
  • -
  • Retailer
  • -
  • $8.38 CAD
  • Triple Net
  • May 2026

Since 1938, Tractor Supply Company has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S. The company's Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - - -
Five Star Of Knox Retailer - - - -
Administrative and Support Services - - - -
Magnum Value Properties, LLC Real Estate - - - -
Retailer - $8.38 CAD Triple Net May 2026

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
75-06-27-202-005.400-004
Land Assessment
$562,634 CAD
Improvements Assessment
$1,168,135 CAD
Total Assessment
$1,730,769 CAD
  • Listing ID: 37652250

  • Date on Market: 2025-09-12

  • Last Updated:

  • Address: 1209-1319 S Heaton St, Knox, IN 46534

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