Shopping Strip
Southport Village Center
7015 Madison Ave, Southport, IN 46227
Listing Price: $2,040,000
Cap Rate
8.00%
Gross SF
10,515
Rentable SF
10,515
Price/Gross SF
$194.01
Lot Size
1.58 acres
Year Built
1961
Investment Overview
Marcus & Millichap is pleased to present for sale Southport Village Center, located in Southport, Indiana.
Southport Village Center
Investment Highlights
- 100 Percent Occupied 10,515-Square-Foot Strip Center Positioned Along Madison Avenue | High-Traffic Corridor Through Southport
- Landlord-Favorable Structure with Triple-Net Lease – Tenants Responsible for Taxes, Insurance and Common Area Maintenance
- Located at Hard Corner of Madison Avenue and E. Southport Road Seeing 48,000 Vehicles per Day Combined
- Dense Demographics with Over 214,000 Residents Within Five Miles $83,500 Average Household Income
- Grocery Store Renewed a Year Early on a 10-Year Lease
- New Roof in 2025 on Entire Building with 15 Year Warranty
Listing Price: $2,040,000
Cap Rate
8.00%
Gross SF
10,515
Rentable SF
10,515
Price/Gross SF
$194.01
Lot Size
1.58 acres
Year Built
1961
Investment Highlights
- 100 Percent Occupied 10,515-Square-Foot Strip Center Positioned Along Madison Avenue | High-Traffic Corridor Through Southport
- Landlord-Favorable Structure with Triple-Net Lease – Tenants Responsible for Taxes, Insurance and Common Area Maintenance
- Located at Hard Corner of Madison Avenue and E. Southport Road Seeing 48,000 Vehicles per Day Combined
- Dense Demographics with Over 214,000 Residents Within Five Miles $83,500 Average Household Income
- Grocery Store Renewed a Year Early on a 10-Year Lease
- New Roof in 2025 on Entire Building with 15 Year Warranty
Investment Overview
Marcus & Millichap is pleased to present for sale Southport Village Center, located in Southport, Indiana.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
