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Published on: Wednesday, July 23, 2025
Updated on: Wednesday, July 23, 2025
About the Lister
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Name: Jack Cornell
Company: SRS Real State Partners
Office Phone: (801) 410-1621
Cell Phone: (801) 410-1621
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Financing  Business  Material

  Gas City, IN - Multi-Tenant Office

737-787 E. Main St Gas City Indiana , 46933
737-787 E. Main St Gas City Indiana , 46933  SRS Real State Partners
Listing ID: CL-Indiana-25956 Office Condo/Office

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 6.72
Net Operating Income: $15,466.00
Quick Glance
Listing ID: CL-Indiana-25956
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1999
Building Size: 4,032.00 SqFt
Lot Size: N/A
No of Stories: 1
No of Parking: 29
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Property is 100% occupied, providing immediate cash flow stability.
Complete Details
Year Build: 1999
Building Size: 4,032 SqFt.
No of Stories: 1
Total Lot Area: N/A SqFt.
No of Parking: 29
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

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.

Location

  • 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.
Additional Properties
Property Highlights
  • 100% Occupied | Long Term Tenancies
  • High Visibility Along W Main St | Primary Thoroughfare
  • Mark-to-Market Opportunity
Features
  • APN: 27-07-34-103-090.001-018
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2025
$0.00
$0.00
$0.00
$15,466.00
$0.00
0%
Cash Flow for Current Listings
Listing Location
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