Building Details

Year Renovated 2020

Tenancy Multi

Listing Agency: Goodman Real Estate Show Phone

Listed By: Alex Justice · License #SAL.2023006147 Show Phone

Source: Moodyscre

Added: Jun 4, 2020 Changed: Jul 30 Last Checked: Jul 31 at 10:04AM

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Investment Insights

Based on property information with market context.

Inline retail space is available within a shopping center environment that was redeveloped and remodeled in 2020. The redevelopment included the opening of a new Rural King store, a redesigned and replaced parking lot, an improved façade, and a new pylon sign.

The center offers signage available on a newly constructed pylon sign at the signalized main entrance off SR 2. Anchors include Rural King, Dunham’s Sports, and Planet Fitness (coming soon). Anchor opportunities are available up to 65,580 SF, with inline space starting from 1,400 SF. The property includes a 0.4 AC outlot.

Area drivers include population of over 70,000 within a 10-mile radius, and more than 14,000 vehicles passing the site daily. This setting supports a range of retail tenant opportunities that benefit from nearby anchors and established site access.

Key Highlights

• Inline space available from 1,400 SF
• Redeveloped and remodeled in 2020 with redesigned parking lot and improved façade
• Signage available on newly constructed pylon sign at signalized main entrance off SR 2

Property Analytics

Current Use

Rural King Guns Gun Shop Rural King Tractors Agricultural Supply Rural King Big Box & Wholesale Store

Suggested Use

Top Pick Parking Lot & Garage Bakery Skin Care Clinic Electrical Service Home Appliance Store (Bike/Boat/Book/etc) Store

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

14,000 VPD

Traffic count

Multi-tenant

Tenancy

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

655

Businesses Nearby

147k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 37% Home Improvements & Furnishings 30% Dining 24% Apparel 7%

Rural King Home Improvements & Furnishings

27,912 visits/mo 0.2 miles

Ace Hardware Home Improvements & Furnishings

16,370 visits/mo 0.1 miles

Dollar Tree Shops & Services

14,460 visits/mo 0.2 miles

Burger King Dining

13,761 visits/mo 0.2 miles

Family Express Shops & Services

13,560 visits/mo 0.3 miles

Demographics for 46350, IN

44,522

Population

19,576

Households

2.3

Avg Household Size

42

Median Age

24%

College-Educated

92%

High-School Grad

193.5 sq mi

ZIP Area

230

Density / Sq Mi

$75,311

Median Household Income

$44,309

Median Earnings

$920

Median Rent

$199,800

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

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Frequently Asked Questions

What type of property is this?

Shopping center - Inline retail space available in a shopping center redeveloped and remodeled in 2020 with a signalized main entrance.

Where is this shopping center located?

The property is located at 1460 W State Rd 2 La Porte, IN.

What are key features of this property?

This property features: Inline space available from 1,400 SF; Redeveloped and remodeled in 2020 with redesigned parking lot and improved façade; Signage available on newly constructed pylon sign at signalized main entrance off SR 2