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Prime Location Commercial Building

2 W Dunes Highway Beverly Shores, IN 46360

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Commercial building in Beverly Shores near Dunes National Park.

Type:Retail
Property size:
3,677 SF
Price / SF:
$339/SF
Added:
May 20, 2026
Days on Market:
54
Last Refresh:
Jul 2 at 7:17 am

Property Features for 2 W Dunes Highway

General Information

Standard status
Active
Size
3,677 SF
Property subtype
Retail

Building Details

Year Built
1952

Listing office Weichert Realtors, Merrion Group

Listing date May 20, 2026

Source Crexi

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 Weichert Realtors, Merrion Group


Investment Insights

Based on property information with market context.

This well-established commercial building is for sale in a prime location in Beverly Shores, Indiana. The area offers natural beauty, hiking, and bicycling trails, and is approximately an hour's drive from Chicago and a few minutes' drive to Dunes National Park and Lake Michigan. The South Shore station provides service to downtown Chicago and the Southbend airport. Constructed to accommodate three rental entities, the 3677-square-foot building features three electrical services and two gas services. Currently, a liquor store occupies one unit, while a retail shop featuring beach-themed merchandise occupies the combined space of the other two units. Located on West Dunes Highway at the entrance to Beverly Shores, the property benefits from high traffic. The seller owns the beach store, and its inventory and fixtures are included in the sale. The liquor store rents from the seller, who owns the cooler and fixtures, while the tenant owns the liquor and food inventory. This business has served Beverly Shores for generations. Additional income potential exists through seasonal food vendor trucks, with available cables and outlets. The gravel parking area on the west side of the property could also generate income.

Key Highlights

  • Prime location in Beverly Shores, Indiana, near Dunes National Park and Lake Michigan.
  • Established commercial building with three rental units, currently housing a liquor store and a beach retail shop.
  • High‑traffic location on West Dunes Highway, the entrance to Beverly Shores.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $99.3k $27.00
− Vacancy −$3.5k −$0.95
EGI $95.8k $26.06
− OpEx −$24.0k −$6.51
NOI $71.9k $19.54
3,677 SF · lease $27.00/SF/yr · vacancy 3.50% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.03M
$898.2K – $1.20M (±1% cap)
NOI $71,853 @ 7.0% cap · market cap 5.75%
Second Best
Retail
$739.7K
$647.3K – $863.0K (±1% cap)
NOI $51,782 @ 7.0% cap · market cap 4.14%
Theoretical Best
Healthcare Medical
$1.39M
$1.22M – $1.63M (±1% cap)
NOI $97,553 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Jannsen's Dunes Mart Grocery & Convenience Store Ana McNamara Law ... Law Firm South Shore Ovenworks Restaurant Hobgoblin Specialty Food Shop

Suggested Use

Parking Lot & Garage Furniture & Home Goods Catering Service Grocery & Convenience Store Grocery & Convenience Store Food Market Wine and Liquor Store Supermarket Law Firm Restaurant

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Palko Distributing Inc — 4991 us-20, michigan city, in 46360

FAQs

What type of property is this?
Grocery and convenience store - Commercial building in Beverly Shores near Dunes National Park.
Where is this grocery and convenience store located?
The property is located at 2 W Dunes Highway Beverly Shores, IN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime location in Beverly Shores, Indiana, near Dunes National Park and Lake Michigan.; Established commercial building with three rental units, currently housing a liquor store and a beach retail shop.; High‑traffic location on West Dunes Highway, the entrance to Beverly Shores.
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