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    2008-2124 45 St Highland, IN 46322

    For Lease
    $12 SF/Yr

    Prime Highland, IN retail space available.

    Lot size:
    88,588 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Porte De L'eau Plaza, a 88,588 square foot strip center in Highland, Indiana, presents a compelling investment opportunity. Located at 2008-2124 45th Street, this property boasts a desirable location just a few miles south of the I-80/94 access to Chicago and immediately west of Indianapolis Boulevard, experiencing high traffic counts exceeding 40,000 vehicles per day. Built in 1984, the center sits on a 9.19-acre lot and is zoned B-1. The property features a diverse tenant mix and offers multiple spaces for lease, ranging from a minimum of 1,000 square feet to a maximum contiguous space of 4,480 square feet. Currently, 17,540 square feet are vacant, providing significant potential for new businesses. The property's APN is 45-07-32-201-002.000-026, and it's situated in Lake County. Large signage opportunities are available on 45th Street, enhancing visibility and attracting customers. This retail center offers a strong trade area with aggressive rental rates, making it an attractive investment in a thriving community. The property is conveniently located within the Chicago metropolitan area, benefiting from the region's robust economy and population. This is a rare opportunity to acquire a well-positioned retail property in a high-traffic area with significant upside potential.

    Property Features for 2008-2124 45 St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    88,588 SF
    Total Rate
    88588

    Building Details

    Year Built
    1984

    Unit(s) available at that property

    Space
    Suite 29
    Size
    2,400 SF
    Rate per SF
    $14
    Space
    Suite 24
    Size
    4,480 SF
    Rate per SF
    $12
    Space
    Suite 43
    Size
    1,200 SF
    Rate per SF
    $16
    Space
    Suite 35
    Size
    2,980 SF
    Rate per SF
    $13
    Space
    Suite 28
    Size
    2,400 SF
    Rate per SF
    $14
    Space
    Suite 21
    Size
    2,000 SF
    Rate per SF
    $17
    Space
    Suite 16
    Size
    2,080 SF
    Rate per SF
    $20

    HighLights

    • 88,588 SF strip center in Highland, IN, located at 2008‑2124 45th Street.
    • Approximately 97% occupied, with 17,540 SF currently vacant.
    • Available spaces range from 1,000 to 4,480 SF.
    • High visibility signage opportunities on 45th Street.
    • Excellent location: within 3 miles of I‑80/94 and immediately west of US 41, experiencing over 40,000 vehicles per day.
    • Aggressive rental rates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Lake
    State
    Indiana
    Longitude
    -87.4800327
    Latitude
    41.5367496

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Highland, IN retail space available.
    Where is this neighborhood center located?
    The property is located at 2008-2124 45 St Highland, IN.
    What is the lease rate?
    The lease rate is $12-$20 SF/Yr.
    What are key features of this property?
    This property features: 88,588 SF strip center in Highland, IN, located at 2008-2124 45th Street.; Approximately 97% occupied, with 17,540 SF currently vacant.; Available spaces range from 1,000 to 4,480 SF.
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    Realmo Value Estimation

    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.

    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.

    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
    2008-2124 45 St Highland, IN 46322
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