Lake Holiday Plaza - 58,000 sf Strip Center | 5916 W State Road 10
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Lake Holiday Plaza - 58,000 sf Strip Center 5916 W State Road 10
58,016 SF 100% Leased Retail Building Demotte, IN 46310 $4,900,000 ($84/SF)
INVESTMENT HIGHLIGHTS
- West of I65 interchange
- Corner / Traffic light Location
- 2 additional out lots included in sale
EXECUTIVE SUMMARY
Prime Location off Interstate 65 exit. Corner/Traffic light location. 58,000 sq. ft. strip center on over 8 acres. (2) Two additional out lots include in sale.
Lake Holiday Plaza is a retail shopping center in DeMotte, Indiana, a mile from I-65. The plaza is the only shopping center in town with an anchored grocery store, Save-A-Lot. The neighboring tenants include Dollar Tree, Indiana Farm Bureau Insurance, restaurants, a tattoo parlor, and a smoke shop. It is part of the retail corridor that includes CVS, Dunkin’, Subway, Arby’s, Dollar General, and several other businesses.
Lake Holiday Plaza is a retail shopping center in DeMotte, Indiana, a mile from I-65. The plaza is the only shopping center in town with an anchored grocery store, Save-A-Lot. The neighboring tenants include Dollar Tree, Indiana Farm Bureau Insurance, restaurants, a tattoo parlor, and a smoke shop. It is part of the retail corridor that includes CVS, Dunkin’, Subway, Arby’s, Dollar General, and several other businesses.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
58,016 SF
Building Class
C
Year Built
1982
Price
$4,900,000
Price Per SF
$84
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
8.25 AC
Zoning
B2 - General Business
Parking
197 Spaces (3.4 Spaces per 1,000 SF Leased)
Frontage
631 FT on In-10 Hwy
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Kiosk/Cart Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 56-05-12-444-015.000-013 | Improvements Assessment | $1,253,500 |
| Land Assessment | $218,000 | Total Assessment | $1,471,500 |
PROPERTY TAXES
Parcel Number
56-05-12-444-015.000-013
Land Assessment
$218,000
Improvements Assessment
$1,253,500
Total Assessment
$1,471,500
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Lake Holiday Plaza - 58,000 sf Strip Center | 5916 W State Road 10
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