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Mixed-Use Property with Restaurant
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1449 Indianapolis Blvd, Whiting, IN 46394

Income-producing configuration combines apartments, leased retail space, and a ready-to-equip restaurant area along a commercial boulevard.

Property SizeContact for details
Days on Market143

Property Features for 1449 Indianapolis Blvd

General Information

Standard status Active
Total Parking Spaces 26
Property subtype Retail

Additional Details

Road Access Yes
Seating Capacity 82

Building Details

Tenancy Multi
Listing Agency: Diversified Commercial Real Estate
Listed By: Mike Larson · License #IN #RB14030764
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 8:09AM

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 Diversified Commercial Real Estate

Investment Insights

Based on property information with market context.

This mixed-use property combines 4 apartments, 1 leased retail space occupied by Subway, and 1 vacant restaurant space. The restaurant was formerly operated as Schoops and includes existing equipment with seating for 82 customers. The configuration supports multiple commercial and residential components within one property.

The building fronts Indianapolis Blvd and offers prominent signage along the corridor. Shared parking includes 26 spaces, with additional street parking available. The property is located 1/2-Mile from the Horseshoe Casino in Whiting, Indiana.

Key Highlights

  • 4 apartments plus 1 leased retail space and 1 vacant restaurant
  • Subway occupies the leased retail space
  • Restaurant includes existing equipment and seating capacity of 82 customers

Property Analytics

Current Use

Chela's Birria Tacos Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom Electrical Service HVAC Service Plumbing 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
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

408
Businesses Nearby

Demographics for 46394, IN

11,725
Population
5,437
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
86%
High-School Grad
4.7 sq mi
ZIP Area
2,495
Density / Sq Mi
$66,386
Median Household Income
$41,643
Median Earnings
$970
Median Rent
$162,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Income-producing configuration combines apartments, leased retail space, and a ready-to-equip restaurant area along a commercial boulevard.
Where is this mixed-use property located?
The property is located at 1449 Indianapolis Blvd Whiting, IN.
What are key features of this property?
This property features: 4 apartments plus 1 leased retail space and 1 vacant restaurant; Subway occupies the leased retail space; Restaurant includes existing equipment and seating capacity of 82 customers
(219) 836-2400 Call to check price and availability
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