Indianapolis Retail for Sale - Edgewood/South County

Property for sale as is

Property Subtype:

Bank

Date on Market:

2025-06-11

South Bend Retail for Sale - Greater South Bend

This freestanding Walgreens property offers a rare opportunity to acquire a long-term, absolute NNN leased asset in South Bend, Indiana. Built in 2005, the ±14,820 SF building sits on a ±2.14-acre parcel at the high-visibility intersection of West Cleveland Road and North Bendix Drive, with direct exposure to the Indiana Toll Road. The site benefits from strong traffic counts exceeding 26,000 ADT and a dense trade area of over 115,000 residents with an average household income of $76,000. The property is strategically positioned adjacent to Aldi and Goodwill, with Meijer and Super Walmart nearby, ensuring consistent consumer traffic. Walgreens, ranked among Fortune’s “World’s Most Admired Companies,” operates under a 75-year lease with an absolute NNN structure, providing investors with zero landlord responsibilities. The current lease term extends until May 31, 2080, with the next termination option in 2030, offering exceptional stability. Base rent is $26,775 per month, generating a strong NOI of $321,300 and a competitive 11.08% cap rate. This investment combines credit tenancy, long-term income security, and prime location fundamentals, making it an ideal addition to any portfolio seeking reliable cash flow and minimal management obligations.

Property Subtype:

Drug Store

Date on Market:

2025-09-08

Michigan City Retail for Sale

This commercial property has 130' of frontage on highly trafficked Franklin Street, just north of Highway 20. Currently set up as a large restaurant, it features a bright entrance foyer and waiting area with seating for 12 and 3 indoor dining rooms plus a 3-season room with ceiling heaters. All dining rooms feature stone gas fireplaces. Three beverage/server stations, a large dish pit room, a 12-seat bar, and substantial kitchen space, along with 2 walk-ins and drive-through window leave potential for many dining options. 3-way liquor license available with acceptable offer. Property also listed for lease; see MLS #826377.

Property Subtype:

Restaurant

Date on Market:

2024-03-11

Portfolio of properties for Sale - East Jackson County

Seneca Real Estate Group, in co-operation with Northmarq Commercial, is pleased to present to qualified investors the opportunity to acquire a six-property Walgreens stores spanning Missouri, Michigan, Indiana, Illinois, North Carolina, and Wisconsin (“The Portfolio”). Leased to Walgreen Co., a wholly owned subsidiary of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the Portfolio offers investors a diversified income stream supported by Walgreens’ long-term occupancy, with all six locations operating continuously for over 20 years—demonstrating consistent demand and stable tenancy across the Portfolio. Each Property is a freestanding, high-visibility location situated on a signalized hard corner with strong traffic counts and entrenched retail demand. The Portfolio combines stable, in-place cash flow with strategic lease rollover creating a compelling mix of downside protection and value-add upside. For more information, please download the Portfolio OM or contact LA directly.

Date on Market:

2025-05-01

Evansville Retail for Sale - Eastside

We are pleased to market for sale the Walgreens property located at 925 South Green River Road, Evansville, IN 47715 (the “Property”). The current lease term runs through November 30, 2029, with twelve (5-year) renewal options. Walgreens operates under a absolute net lease, which provides for no landlord obligations whatsoever and calls for rental increases every 5 years for the first four options. The Property is located less than 1 mile from Ascension St. Vincent Evansville, a hospital with approximately 508 beds, and 3.3 miles from Deaconess Gateway Hospital, which has approximately 250 beds. Within a 1-mile radius there is 2 million square feet of retail as well as the Eastland Mall located less than 2-miles north, a 1 million square foot center anchored by JCPenney, Dillards's and Macy's. The Property reports strong sales and includes a Labcorp patient service center, which provides diagnostic testing services and contributes additional customer traffic to the site. Evansville serves as the headquarters for several major employers, including Berry Global Group (a Fortune 500 company), Old National Bank, Koch Enterprises, and Jasper Engines & Transmissions. Other notable employers in the region include the TJ Maxx Distribution Center and Toyota Motor Manufacturing Indiana. Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, wg@bangrealty.com, IN DRE Lic. RB14037939.

Property Subtype:

Drug Store

Date on Market:

2025-04-30

Fort Wayne Retail for Sale - North Fort Wayne

Cushman & Wakefield is pleased to present for sale the leased fee interest (land ownership) in an absolute NNN, newly constructed, double drive-thru equipped Raising Cane’s investment property located in Fort Wayne, Indiana. The tenant, Raising Cane’s Restaurants, LLC, recently signed a brand new 15-year lease with five (5-year) options to extend. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity, Raising Cane’s Restaurants, LLC, and has zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1996, Raising Cane’s is a highly successful QSR chicken brand with an average unit volume of $6.2M, 2.3 times the national average, and #3 in volume behind only Portillo’s and Chic-Fil-A.

Property Subtype:

Fast Food

Date on Market:

2025-04-02

Indianapolis Retail for Sale - Airport

Former bank branch on a corner lot with great visibility and access along Kentucky Avenue that is well-suited for a variety of uses. Includes a 0.36acre paved lot on the east side of 4th Street with additional parking and redevelopment potential. Located near the southwest I-70/I-465 interchange and is less than 15 minutes from the Indianapolis International Airport and downtown Indianapolis.

Property Subtype:

Bank

Date on Market:

2025-03-24

South Bend Retail for Sale - Greater South Bend

Property Subtype:

Bank

Date on Market:

2025-03-10

Lafayette Retail for Sale

Chick-fil-A is the third largest quick-service restaurant in the United States, with more than 3,160 restaurants across the United States, Canada, and Puerto Rico. Chick-fil-A reports average unit sales volumes of $9.4 million.

Property Subtype:

Fast Food

Date on Market:

2025-03-06

Schererville Retail for Sale - Indiana

LEASE This is an absolute NNN lease with 14 years remaining, guaranteed by a publicly traded company. The Tenant is Peoples Bank, guaranteed by Finward Bancorp. Rent increases 2.00% annually and Tenant has no renewal options remaining. The lease was originally structured as a sale/leaseback to a private equity fund, so it has been written to the highest possible standards. This can be owned and managed from anywhere in the world. PROPERTY The Property consists of a two-story ± 6,440 SF building with an additional ± 2,970 SF basement on 1.10 acres. The first floor is used as a traditional retail banking branch. The second floor is used for office space for mortgage, commercial, and wealth management officers and support staff. The basement is used as a break room and storage area. The large lot consists of 38 parking spaces with a three-teller lane drivethru plus a freestanding ATM drive-thru. The site offers excellent visibility along Highway 30 (41,414 VPD) with easy access from a signalized intersection. There is an unobstructed monument sign on Highway 30, offering excellent curb appeal and exposure. This location has a huge deposit base of ± $146M with 41,414 vehicles passing the property daily. TRADE AREA Schererville is part of the 9.5 million person Chicago MSA, located only 30 miles southeast of Chicago’s CBD, on the Indiana side. This is one of the fastest growing areas of Chicago and Indiana as many Illinois residents are moving to Indiana to take advantage of lower taxes and easy commuting to Chicago via the METRA train system and numerous highways serving the Schererville area. Money Magazine recently ranked Schererville “One of the 100 Best Places to Live in the US” due to the high quality of living, low crime rates, and excellent Lake Central School System.

Property Subtype:

Bank

Date on Market:

2025-02-25

Shelbyville Land for Sale - Shelby County

Restricted to any direct competitors of Dollar General and see notes below about allowable uses (highly unlikely to get a rezone approved due to this being part of an original PUD): PERMITTED ZONING USES: Commercial Uses • animal grooming • personal service uses • restaurant • retail (type 1 - 10,000 SF max, no outdoor storage, no drive-thru, open 5am to 10pm) Institutional Uses • day care center Park Uses • nature preserve/center • park, public Residential Uses • dwelling, multiple-family (excluding ground level storefronts not historicallyused for residential) • dwelling, single family (on upper floors of other uses) • dwelling, two-family (on upper floors of other uses) Utility Uses • solar energy production, as an accessory use

Property Subtype:

Commercial

Date on Market:

2025-02-14

Martinsville Retail for Sale - Morgan County

F. C. Tucker, Cockerham Commercial is pleased to exclusively offer For Sale the 14,525 SF Walgreens located at 1900 S Ohio Street in Martinsville, IN. Current lease is an Absolute Net with an Expiration date September 2028. The property is being offered at a 11.43% CAP rate and is in an Opportunity Zone. Property is located directly off HWY I-69. 20 minutes north to Indianapolis and 20 minutes south to Bloomington. NOTE-Former address was 1900 S Ohio St. Martinsville, IN

Property Subtype:

Drug Store

Date on Market:

2025-02-12

Richmond Retail for Sale

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant absolute NNN leased Walgreens Pharmacy in Richmond, IN. Walgreens is one of the largest drugstore chains in the U.S. and operates over 9,000 Stores in all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands. The 75-year corporate guaranteed lease has 6.9 firm lease years remaining in the primary term with zero landlord responsibilities and potential for additional percentage rent. The 14,729 SF standalone building with drive-thru on large 1.94-acre parcel is strategically positioned on the hard corner signalized intersection of E Main Street (Hwy 40) and 37th Street which have a combined traffic count exceeding 32,200 VPD and prospers from excellent visibility and access. Nearby retailers include Walmart Supercenter, Menards Home Improvement, Tractor Supply Co., DICK’S Sporting Goods, Kohl’s, Hobby Lobby, ALDI, Kroger, Starbucks and Chipotle.

Property Subtype:

Drug Store

Date on Market:

2025-01-16

Valparaiso Retail for Sale - Porter County

Property Subtype:

Bank

Date on Market:

2024-11-03

Marion Retail for Sale

All Strickland Brothers locations offer drive thru oil change services so customers can stay in their car and see the job done right. Oil change services include: 10 minute oil change and oil filter replacement, as well as lubrication of chassis components. Plus, a free maintenance check on the following: cabin air filters, wiper blades, antifreeze/coolant, power steering fluid, windshield washer fluid, tire condition, and engine air filter (emission and inspection services if qualified). The mission of Strickland Brothers 10 Minute Oil Change is to exceed the expectations of every customer by setting and meeting service standards that are innovative and centered around the highest level of service, every time. Their aim is to provide dependable services and quality products for a fair price in a friendly, honest and accommodating environment. Franchisees are thoroughly vetted by Strickland Brothers for business experience and personal financial strength to satisfy personal guarantees and brand preservation. Strickland Brothers is backed by a recent capital infusion from Princeton Equity Group who has a proven track record for growing emerging brands into household names. Princeton Equity Group is among the most experienced franchisor and multi-unit investors in the U.S. and exclusively invests in leading franchisor and multi-unit companies. Princeton Equity Group’s principals have invested in the likes of Massage Envy, Card My Yard, European Wax Center, Sola Salon Studios and Urban Air Adventure Park. The Strickland Brothers corporate management team is made up of industry veterans experienced in operations, who together with Princeton Equity’s backing, have established aggressive growth goals for the emerging brand. In today’s market, Strickland Brothers real estate investments are being offered at favorable pricing and a higher yield compared to competitor brands. With a promising near-term growth profile for Strickland Brothers, a potential investor has the potential to realize a strong going-in yield coupled with potential upside, as the emerging brand continues to rapidly grow its footprint across the U.S.

Property Subtype:

Auto Repair

Date on Market:

2024-10-31

Columbus Retail for Sale

Now available is a fantastic opportunity in the heart of Columbus with this rare hard corner retail site on US31. Previously home to a Wendy’s fast food restaurant, this 2,836 sq.ft. building features excellent signage and a drive-thru, making it perfect for a variety of food service or retail concepts. Situated on a spacious 1.11-acre lot, this property boasts exceptional visibility and accessibility, especially for visitors to the bustling Nexus Park. With a zoning designation of CC (Commercial Community), the possibilities for future use are expansive, allowing you to fully capitalize on the thriving retail environment. Don’t miss your chance to invest in this strategic location—ideal for launching or expanding your business in a growing community. Contact us today to schedule a viewing and explore the potential this property has to offer!

Property Subtype:

Restaurant

Date on Market:

2024-10-03

Warsaw Retail for Sale

Great Location on Frontage Rd. to US 30. A .58 Acre lot with high visibility and large traffic counts, connected to a retail shopping area. Multi use building with drive through, paved parking lot, and a large walk-in cooler/freezer. Building could easily be converted into retail/office space or as a turn-key ice cream shop/restaurant. Attached trade fixtures are included. Equipment sold separately. List of equipment is included in the associated documents.

Property Subtype:

Restaurant

Date on Market:

2024-09-20

Evansville Retail for Sale - Eastside

The opportunity, with a blank slate, to bring your vision to life is here; with almost 5,000 sqft in a prime location. Approximately 20k cars per day travel by this professional/retail/trade opportunity which is right on Morgan Ave close to Green River Rd for easy access. This building could be used for multiple tenants or a single owner/user. Additionally there is an out building of about 200 sqft.

Property Subtype:

Storefront

Date on Market:

2024-08-12

Indianapolis Retail for Sale - Edgewood/South County

FOR SALE – $970,000 | Exceptional Value Opportunity Drive-through permitted! This rare freestanding property offers 4,000 SF of high-quality, versatile space just south of Downtown Indianapolis. Built in 2009 and meticulously maintained, the building delivers strong visibility and flexibility under MU-2 zoning—perfect for retail, office, medical, or food service use. Positioned along a busy corridor with over 17,000 vehicles per day, the property benefits from immediate proximity to the fast-growing Bates-Hendricks neighborhood and is only 1.5 miles from the heart of the Indianapolis CBD. A standout opportunity for an owner-user or investor seeking a prime, adaptable asset in a thriving location.

Property Subtype:

Freestanding

Date on Market:

2024-07-17

Kokomo Retail for Sale

Attractive free standing building in downtown Kokomo's Riverfront District. Perfect for retail, office, or medical use that would benefit from the excellent corner exposure and ample dedicated parking the property offers

Property Subtype:

Bank

Date on Market:

2024-07-10

Evansville Retail for Sale - Westside

- Sale Price: $700,000 - Located on Evansville's west side - Parcel ID: 82-05-27-018-210.001-025 - 2 Trane HVAC units are original - Carrier unit was installed in 2020 - Property can be sold to other financial institutions - Nearby businesses include AutoZone, CVS, Lowe's, Lucas Oil Center, Walmart, several popular restaurants and much more

Property Subtype:

Bank

Date on Market:

2024-05-03

New Haven Retail for Sale

Former bank branch well positioned in the high traffic and growing New Haven commercial corridor. Suited for a wide variety of uses with direct access along Lincoln Hwy W to the north and SR 930 to the south.

Property Subtype:

Bank

Date on Market:

2024-02-15

Fort Wayne Retail for Sale - Outlying Allen County

Former bank branch with modern architecture surrounded by Kroger, Lutheran Hospital and many other amenities. Well positioned outparcel suited for a variety of retail, office, or medical uses with easy access to I-69/Jefferson Blvd.

Property Subtype:

Bank

Date on Market:

2023-12-14

Shelbyville Retail for Sale - Shelby County

• Great Location with High Visibility and Access from Washington Street on the Main Public Square • 15,166 SF 2-Story Building (Including 5,077 SF of mostly finished basement) on 0.606 AC • 3 Drive-Thru Lanes under a Canopy • Potential Income from Drive-Thru ATM Lease • 5-Year Deed Restriction Against any Bank or Credit Union Use • New Pricing: $1,175,000

Property Subtype:

Bank

Date on Market:

2023-10-23