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Open-Concept Strip Mall Space
For Lease
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8241 Kennedy Avenue, Highland, IN 46322

The suite offers flexible retail layout with a restroom and separate storage area.

Space Size1,200 SF
Property Size8,000 SF
Days on Market196

Property Features for 8241 Kennedy Avenue

General Information

Standard status Active
Size 1,200 SF
Property subtype Strip Center

Building Details

Building Size 8,000 SF
Year Built 1976

Spaces For Lease

at 8241 Kennedy Avenue Contact us

8241

Size
1,200 SF
Lease Type
NNN
Contact us
Listing Agency: Diversified Commercial Real Estate and Investments
Listed By: dennis larson · License #RB14027471
Source: Thebrokerlist
Added: Feb 18 Changed: Aug 30 Last Checked: Aug 30 at 3:07PM

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 and Investments

Investment Insights

Based on property information with market context.

Available for lease at 8241 Kennedy Avenue, this open-plan retail suite occupies space within a multi-tenant strip center. The former phone-store location includes one bathroom and a storage area, supporting a straightforward commercial layout for retail occupancy.

The property sits at the signalized intersection of Kennedy Avenue and Grand Avenue, with access near Interstate-80/94 and Downtown Highland. Ample parking serves the center, while hotels, restaurants, and office development have been added nearby in recent years. The strip center was built in 1976.

Key Highlights

  • Open‑concept retail suite in a multi‑unit strip center
  • One bathroom and a separate storage area
  • Located at the lighted intersection of Kennedy Avenue and Grand Avenue

Property Analytics

Current Use

Strip malls

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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

475
Businesses Nearby
2k
Monthly Visits Nearby

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
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Frequently Asked Questions

What type of property is this?
Strip mall - The suite offers flexible retail layout with a restroom and separate storage area.
Where is this strip mall located?
The property is located at 8241 Kennedy Avenue Highland, IN.
What are key features of this property?
This property features: Open‑concept retail suite in a multi‑unit strip center; One bathroom and a separate storage area; Located at the lighted intersection of Kennedy Avenue and Grand Avenue
More about this property
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