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Grocery-Anchored Shopping Center

9632 CLINE AVE, Highland, IN

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Three buildings occupy a 9.6-acre parcel at Cline Avenue and 45th Street in Highland, Indiana.

Property Size114,000 SF
Lot Size9.60 Acres
Price / SF$70.44
Days on Market8

Property Features for 9632 CLINE AVE

General Information

Standard status Active
Size 114,000 SF
Lot size 9.60 Acres
Property subtype Retail

Site & Location

Drive-Thru Yes
Anchor Co-Tenants Strack & Van Til
Traffic Count 21,000 vehicles/day

Additional Details

Tenant in Place Yes

Building Details

Buildings 3
Tenancy Multi
Listing Agency: Marcus & Millichap - Chicago Downtown
Listed By: Mitchell Kiven · License #IL 475.164486
Source: Crexi
Added: Nov 2 Changed: Nov 8 Last Checked: Nov 8 at 5:44PM

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 Marcus & Millichap - Chicago Downtown

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Investment Insights

Based on property information with market context.

This 114,000-square-foot retail center occupies 9.6 acres and comprises three buildings. Strack & Van Til anchors the primary building, where the grocery operator also subleases space to Anytime Fitness. A separate multi-tenant building fronts 45th Street, and a freestanding Chase Bank branch has operated at the property since 1968. The site also includes a five-lane drive-through queue serving the bank. Strack & Van Til handles property operations and pays CAM expenses directly, with shop-tenant shares billed back to ownership.

The center sits at the intersection of Cline Avenue and 45th Street, where the reported traffic count is more than 21,000 vehicles per day. The 45th Street retail corridor extends across Highland and Griffith. Strack & Van Til’s grocery space measures 94,000 square feet; the grocer was acquired by Hy-Vee in 2024 and operates 22 locations in Northwest Indiana.

Key Highlights

  • 114,000‑square‑foot retail center on 9.6 acres
  • Three buildings, including a multi‑tenant building with 45th Street frontage
  • Strack & Van Til occupies 94,000 square feet in the primary building

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Auto Repair Shop Auto Parts 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

21,000 VPD
Traffic count
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,049
Businesses Nearby
68k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 59% Dining 39% Beauty & Spa 2%
McDonald's Dining
26,572 visits/mo 0.3 miles
BP Shops & Services
13,489 visits/mo 0.0 miles
Fifth Third Bank & ATM Shops & Services
5,032 visits/mo 0.5 miles
AutoZone Shops & Services
4,362 visits/mo 0.3 miles
Thomas Chrysler Dodge Jeep Ram of Highland Shops & Services
3,532 visits/mo 0.3 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • Eastwood Mall — 1900 45th St, Munster, IN 46321
  • The Pavilion on 45th — 1800-1864 45th St, Munster, IN 46321
  • PorteDeleau plaza — 2100 45th St, Highland, IN 46322
  • Highland Jewelry & Loan — 8929 Indianapolis Blvd, Highland, IN 46322

Frequently Asked Questions

What type of property is this?
Shopping center - Three buildings occupy a 9.6-acre parcel at Cline Avenue and 45th Street in Highland, Indiana.
Where is this shopping center located?
The property is located at 9632 CLINE AVE Highland, IN.
What is the asking price?
The asking price for this property is $8,030,000.
What are key features of this property?
This property features: 114,000‑square‑foot retail center on 9.6 acres; Three buildings, including a multi‑tenant building with 45th Street frontage; Strack & Van Til occupies 94,000 square feet in the primary building
(312) 624-7006 Call to check price and availability
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