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Net-Leased Retail Shopping Center
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7408 W State Road 28 Main St., Elwood, IN 46036

For-sale retail shopping center with net leases anchored by St. Vincent Hospital and multiple established tenants.

Property SizeContact for details
Days on Market146

Property Features for 7408 W State Road 28 Main St.

General Information

Standard status Active
Property subtype Retail, Mixed Use

Building Details

Tenancy Multi
Listing Agency: ADM Commercial Real Estate
Listed By: Mark Sturgis (765) 749-0665 · License #IN RB14034183
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 11:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ADM Commercial Real Estate

Investment Insights

Based on property information with market context.

This for-sale retail shopping center is offered with net leases in place. Public remarks cite St. Vincent Hospital along with a mix of established tenants including Pizza Hut, Health 1st, Anytime Fitness, Asian 1, and Dream Nails, among others.

The property is located at 7408 W. State Road 28 (Main St.), Elwood, IN 46036. The existing tenant roster provides a diversified retail and services component within the center.

As presented, the offering is positioned around leased space under net lease structure, supported by multiple operating businesses.

Key Highlights

  • Retail shopping center for sale with net leases
  • Anchored by St. Vincent Hospital
  • Tenant mix includes Pizza Hut, Anytime Fitness, Dream Nails, Health 1st, and Asian 1

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Hair Salon Nail Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

134
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Home Improvements & Furnishings 36% Dining 34% Shops & Services 30%
Tops Home Center - Elwood In Home Improvements & Furnishings
4,716 visits/mo 0.1 miles
Hardee's Dining
4,496 visits/mo 0.1 miles
O'Reilly Auto Parts Shops & Services
1,943 visits/mo 0.2 miles
AutoZone Shops & Services
1,495 visits/mo 0.4 miles
Super Wash Shops & Services
497 visits/mo 0.1 miles

Demographics for 46036, IN

11,247
Population
5,284
Households
2.1
Avg Household Size
44
Median Age
10%
College-Educated
92%
High-School Grad
80.3 sq mi
ZIP Area
140
Density / Sq Mi
$59,082
Median Household Income
$39,022
Median Earnings
$841
Median Rent
$108,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - For-sale retail shopping center with net leases anchored by St. Vincent Hospital and multiple established tenants.
Where is this shopping center located?
The property is located at 7408 W State Road 28 Main St. Elwood, IN.
What are key features of this property?
This property features: Retail shopping center for sale with net leases; Anchored by St. Vincent Hospital; Tenant mix includes Pizza Hut, Anytime Fitness, Dream Nails, Health 1st, and Asian 1
(765) 749-0665 Call to check price and availability
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