Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    8401 Indianapolis Blvd Highland, IN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with high visibility near major transportation routes.

    Type:RETAIL
    Property size:
    4,500 SF
    Lot size:
    11.96 Acres
    Added:
    Sep 30, 2024
    Days on Market:
    584
    Last Refresh:
    Apr 5 at 11:31 pm

    Property Features for 8401 Indianapolis Blvd

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Lot size
    11.96 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 8401 Indianapolis Blvd Contact us

    We can help!

    Listing Contact
    Dan Nieman
    Dan Nieman

    Listing agent Dan Nieman

    Listing office DLC Management Corp - Corporate

    Listing date Sep 30, 2024

    Source Moodyscre

    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 DLC Management Corp - Corporate

    Overview

    Retail Space Near Major Intersection

    This 4,500-square-foot retail space is situated one mile south of I-80/I-94 and 30 miles southeast of Chicago, at the intersection of U.S. Rt 41 (Indianapolis Blvd) and U.S. Rt 6 (Ridge Rd) in Highland, IN. The location benefits from excellent visibility from Indianapolis Blvd and features a highly visible pylon sign. A Walmart Supercenter is now open near Cabela's. The property experiences a traffic count of 42,000 vehicles per day.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Vermillion
    State
    Indiana
    Longitude
    -87.4703
    Latitude
    41.5435

    Nearby Similar for Lease

    • $1,300/Mo

      Highland Office Space For Rent

      Second floor office space available in Highland, Indiana.
      2550 Industrial Drive, Highland, IN 46322
      View Details
    • $3,425/Mo

      Warehouse Space in Highland, Indiana

      Clean warehouse space available for lease in early May, 2026.
      2246 Industrial Drive, Highland, IN 46322
      View Details
    • $400/Mo

      Highland Office Space For Rent

      First floor office space available in Highland, Indiana.
      2550 Industrial Drive, Highland, IN 46322
      View Details
    • $11 SF/Yr

      Highland, IN Commercial Space

      Versatile commercial space near Indianapolis Boulevard in Highland, Indiana.
      9947 Express Drive, Highland, IN 46322
      View Details
    • $6,666/Mo

      Highland Retail/Office Lease Opportunity

      Multi-tenant retail/office building with customizable suites in Highland, Indiana.
      2427 Ridge Road, Highland, IN 46322
      View Details
    • $4,188/Mo

      Heated Warehouse Space Available

      3000 SF heated warehouse with office in Highland, Indiana.
      9930 Express Drive, Highland, IN 46322
      View Details
    • Contact for pricing

      Turnkey Office Space Available

      Professional office spaces for rent in Highland, Indiana.
      9801 - 9805 Prairie Ave, Highland, IN 46322
      View Details
    • Contact for pricing

      Highland Retail Space For Lease

      Retail spaces available in Highland, Indiana, with high traffic counts.
      2008-2124 45th Street, Highland, IN 46322
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Turnkey office space with flexible leasing options near expressway.
      9143 Indianapolis Boulevard, Highland, IN 46322
      View Details
    • $16 SF/Yr

      Medical Office Space Available

      Three-unit brick building with spaces for lease.
      3445 Ridge Rd, Highland, IN
      View Details
    • Contact for pricing

      Turnkey Office in Highland Plaza

      Turnkey office space for lease in a high-traffic location.
      9228 Indianapolis Blvd, Highland, IN 46322
      View Details
    • Contact for pricing

      Professional Office or Retail Space

      Built-out office/retail space with dedicated parking and high traffic.
      2203 45th Street, Highland, IN, 46322
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility near major transportation routes.
    Where is this retail space located?
    The property is located at 8401 Indianapolis Blvd Highland, IN.
    What are key features of this property?
    This property features: High traffic count of 42,000 VPD; Excellent visibility from Indianapolis Blvd and highly‑visible pylon sign; Located at the intersection of U.S. Rt 41 (Indianapolis Blvd) and U.S. Rt 6 (Ridge Rd)
    (704) 796-2437 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dan Nieman
    Dan Nieman
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8401 Indianapolis Blvd, Highland, IN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!