Office for Sale in Gas City Indiana 46933
737-787 E. Main St, Gas City, Indiana 46933
$230,000
$57 / sq ft 6.72% cap rate Listed Jul 23, 2025
4,032 sqft
Building
1999
Built
1
Stories
29
Parking
1
Units
Class B
Class
About this property
Office for Sale in Gas City Indiana 46933 is an office space for sale in Gas City, Indiana, listed at $230,000. Key details: year built 1999, building size 4,032 sqft, stories 1, parking spaces 29. Listed by Jack Cornell of SRS Real State Partners on LoopingCloud and last updated May 22, 2026.
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.
Key highlights
- Net Lease Investment
- APN 27-07-34-103-090.001-018
- 100% Occupied | Long Term Tenancies
- Mark-to-Market Opportunity
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1999
- Building Size
- 4,032 sqft
- Stories
- 1
- Parking Spaces
- 29
- Total Units
- 1
- Building Class
- Class B
- Property Status
- Normal Sale
- Building Status
- Existing
- Net Lease Investment
- Yes
Pricing details
- Net Operating Income
- $15,466
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
6.72%
Cap rate
$15,466
Net operating income
$57
Price per sq ft
Actual - Cash Flow
Source: Yearly tax returns
Gross incomeNet operating income
| Year | Gross income | Effective gross | Expenses | NOI | Pre-tax cash flow | Cap rate |
|---|---|---|---|---|---|---|
| 2025 | - | - | - | $15,466 | - | - |
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $230,000 | 6.72% | - | - | - |
Features and amenities
Property Features
- APN: 27-07-34-103-090.001-018
Highlights
- 100% Occupied | Long Term Tenancies
- High Visibility Along W Main St | Primary Thoroughfare
- Mark-to-Market Opportunity
Location
Address as shown by the lister.
Get directionsAbout this area - Gas City
- Population
- 6,117
- Housing units
- 2,573
- Land area
- 4.5 sq mi
- County
- Grant
Documents, links and contacts
Frequently asked questions
What is the asking price of Office for Sale in Gas City Indiana 46933?
Office for Sale in Gas City Indiana 46933 is listed at $230,000. That works out to about $57 per square foot. The stated cap rate is 6.72%.
Where is Office for Sale in Gas City Indiana 46933 located?
The property is in 737-787 E. Main St, Gas City, Indiana 46933, Grant County.
What type of property is this?
This is an office space for sale in the commercial category.
How big is the property?
The building is 4,032 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Jack Cornell of SRS Real State Partners listed this property. Use the Request Info button to send a message or call (801) 410-1621.
When was this listing published?
It was published on July 23, 2025 and last updated on May 22, 2026.
Listing information
- Listing ID
- CL-Indiana-25956
- Published
- Jul 23, 2025
- Last updated
- May 22, 2026
- Views
- 684
- Status
- Sold
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