Listing Agency: Latitude Commercial

Listed By: Chris Bach · License #WI RB17002012

Source: Crexi

Added: Apr 10 Changed: Aug 30 Last Checked: Sep 1 at 4:32AM

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Investment Insights

Based on property information with market context.

This retail property contains 6,897 square feet at 2449 45th Ave in Highland, Indiana. The offering reflects a 9.20% cap rate.

Key Highlights

• 6,897‑square‑foot retail property
• 9.20% cap rate
• Located at 2449 45th Ave in Highland, IN 46322

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Grocery & Convenience Store Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair Carpet & Flooring 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.

Location Intelligence

Trade Area within ½ mile

475

Businesses Nearby

2k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Old National Bank Shops & Services

1,936 visits/mo 0.4 miles

Auto Value Shops & Services

323 visits/mo 0.5 miles

Demographics for 46322, IN

23,984

Population

10,791

Households

2.2

Avg Household Size

43

Median Age

30%

College-Educated

93%

High-School Grad

6.9 sq mi

ZIP Area

3,476

Density / Sq Mi

$76,219

Median Household Income

$47,458

Median Earnings

$1,202

Median Rent

$219,500

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space located on 45th Avenue in Highland, Indiana.

Where is this retail space located?

The property is located at 2449 45th Ave Highland, IN.

What are key features of this property?

This property features: 6,897‑square‑foot retail property; 9.20% cap rate; Located at 2449 45th Ave in Highland, IN 46322