8580 N Michigan Rd

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8580 N Michigan Rd

Fountaintown, IN 46130
Asking Price
$10.14M
Cap Rate
6.91%
Asset Type
Auto Shop Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail auto shop asset spanning 20,000 square feet
  • Current offering price stands at 10,140,000 dollars
  • Property features a cap rate of 6.91 percent
  • Strategically situated in the Fountaintown commercial market
  • Designed for automotive service and maintenance operations

What's Special

This 20,000-square-foot retail asset functions as an auto shop facility located at 8580 N Michigan Rd in Fountaintown, Indiana. The property serves as a functional component of the local commercial landscape, positioned to accommodate automotive repair operations or similar service-based businesses that require significant floor space. Its configuration provides flexibility for specialized mechanical work, equipment storage, and client interaction areas. Fountaintown benefits from its position within the broader central Indiana market, which maintains consistent demand for service-oriented retail sites. The building layout allows for efficient vehicle throughput and shop management, appealing to investors looking for industrial-retail hybrid properties in a growing regional hub. Given the site specifications, the asset is suitable for owner-occupiers seeking a dedicated service center or investors targeting stable commercial holdings within this submarket. The acquisition offers a direct entry into a utilitarian sector of the local economy, supported by the practical infrastructure necessary for long-term operational viability.

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NOI
$80,000
Cap Rate
0.79%
DSCR
0.13
Underwater
Cash-on-Cash
-17.16%
Monthly Payment
$50,167.187
Annual Cash Flow
$-522,006.249

Location & Travel Times