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3827 Indiana 37 2,771 SF 100% Leased Retail Building Mitchell, IN 47446 $1,186,532 CAD ($428.20 CAD/SF)
INVESTMENT HIGHLIGHTS
- Fully equipped drive-thru for high-volume operations
- Prime frontage along State Road 37 with excellent visibility
- Surrounded by national retailers in a strong trade area
- Renovated in 2018 with updated interior and systems
- 0.5-acre site offering ample parking and easy access
EXECUTIVE SUMMARY
Positioned along the high-traffic corridor of State Road 37, this property offers a prime standalone retail opportunity in Mitchell, Indiana. The 2,771 SF building, originally designed for quick-service operations, features a fully functional drive-thru and an efficient layout ideal for food service, retail, or other customer-facing concepts. Renovated in 2018, the interior and building systems are modernized, reducing upfront capital needs for new operators.
The site spans 0.5 acres with ample parking and strong frontage, ensuring excellent visibility and convenient ingress/egress from both directions of traffic. Located in a community with a rich railroad heritage, Mitchell benefits from steady local traffic and proximity to regional hubs via State Road 37 and nearby Highway 60. Surrounding retailers include national brands such as McDonald’s, Subway, CVS, and Dollar General, creating a strong co-tenancy environment that drives consistent consumer activity.
With an asking price of $850,000, this property represents a compelling investment for owner-users or investors seeking a versatile asset in a growing market. Its adaptable design and strategic location make it well-suited for quick-service restaurants, specialty retail, or service-based businesses looking to capitalize on high visibility and established traffic patterns.
The site spans 0.5 acres with ample parking and strong frontage, ensuring excellent visibility and convenient ingress/egress from both directions of traffic. Located in a community with a rich railroad heritage, Mitchell benefits from steady local traffic and proximity to regional hubs via State Road 37 and nearby Highway 60. Surrounding retailers include national brands such as McDonald’s, Subway, CVS, and Dollar General, creating a strong co-tenancy environment that drives consistent consumer activity.
With an asking price of $850,000, this property represents a compelling investment for owner-users or investors seeking a versatile asset in a growing market. Its adaptable design and strategic location make it well-suited for quick-service restaurants, specialty retail, or service-based businesses looking to capitalize on high visibility and established traffic patterns.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,771 SF
Building Class
C
Year Built
1997
Price
$1,186,532 CAD
Price Per SF
$428.20 CAD
Percent Leased
100%
Building Height
1 Story
PROPERTY TAXES
| Parcel Number | 47-11-35-310-027.000-005 | Improvements Assessment | $428,388 CAD |
| Land Assessment | $148,060 CAD | Total Assessment | $576,449 CAD |
PROPERTY TAXES
Parcel Number
47-11-35-310-027.000-005
Land Assessment
$148,060 CAD
Improvements Assessment
$428,388 CAD
Total Assessment
$576,449 CAD
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3827 Indiana 37
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